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Civil Engineering :: Engineering Economics

  1. What refers to the goods and services that are required to support human life, needs and activities?

  2. A.

     Producer products

    B.

     Consumer products

    C.

     Luxury

    D.

     Necessity


  3. What market situation exists where there are few sellers and few buyers?

  4. A.

     Oligopoly

    B.

     Oligopsony

    C.

     Bilateral oligopoly

    D.

     Bilateral Oligopsony


  5. ______ is the element of value which a business has earned through the favorable consideration and patronage of its costumers arising from its well known and well conducted policies and operations.

  6. A.

     Status company

    B.

     Big income

    C.

     Known owners

    D.

     Goodwill


  7. The wages of supervisors and material handlers are charged as:

  8. A.

     Over head

    B.

     Direct labour cost

    C.

     Indirect labour cost

    D.

     None of these


  9. In computing depreciation of an equipment, which of the following represents the first cost?

  10. A.

     The original purchase price and freight charges

    B.

     Installation expenses

    C.

     Initial taxes and permit fees

    D.

     All of the above


  11. ABC Corporation makes it a policy that for any new equipment purchased, the annual depreciation cost should not exceed 20% of the first cost at any time with no salvage value. Determine the length of service life necessary if the depreciation used is the SYD method.

  12. A.

     7 eyars

    B.

     8 years

    C.

     9 years

    D.

     10 years


  13. The estimate based on a detailed quantity survey and furnishes the most accurate and reliable estimate possible is known as

  14. A.

     Conceptual estimate

    B.

     Definitive estimate

    C.

     Probabilistic estimate

    D.

     None of these


  15. What type of depreciation is due to the reduction in the demand for the function that the equipment or asset was designed to render?

  16. A.

     Functional depreciation

    B.

     Design depreciation

    C.

     Physical depreciation

    D.

     Demand depreciation


  17. What refers to the present worth of all the amount the bondholder will receive through his possession of the bond?

  18. A.

     Par value of bond

    B.

     Face value of bond

    C.

     Redeemed value of bond

    D.

     Value of bond


  19. What represents the share of participation in business organizations?

  20. A.

     Franchise

    B.

     Partnership

    C.

     Stock

    D.

     Corporation