Engineering Economics “When one of the factors of production is fixed in quantity or is difficult to increase, increasing the other factors of production will result in a less than proportionate increase in output”. This statement is known as the: Law of supply Law of demand Law of diminishing return Law of supply and demand Law of supply Law of demand Law of diminishing return Law of supply and demand ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is the type of annuity where the first payment does not begin until some later date in the cash flow? Annuity due Perpetuity Deferred annuity Ordinary annuity Annuity due Perpetuity Deferred annuity Ordinary annuity ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics The declining balance method is also known as ______. Double percentage method Constant percentage method Modified SYD method Modified sinking fund method Double percentage method Constant percentage method Modified SYD method Modified sinking fund method ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Each financial ratio is generally compared by A ratio of some selected firms most progressive and successful at the point of consideration All of these A past ratio calculated from the past financial standard of the firm A ratio developed by using the projected financial statement of the firm A ratio of some selected firms most progressive and successful at the point of consideration All of these A past ratio calculated from the past financial standard of the firm A ratio developed by using the projected financial statement of the firm ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics All are classified under direct labor expenses EXCEPT one. Which one? Inspection cost Testing cost Assembly cost Supervision cost Inspection cost Testing cost Assembly cost Supervision cost ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Pick up the element of the cost from the following: Direct labour Over head Direct material All of these Direct labour Over head Direct material All of these ANSWER DOWNLOAD EXAMIANS APP
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