Engineering Economics MCQs
Practice free Engineering Economics multiple-choice questions with instant answer feedback and step-by-step solutions. Click an option to check yourself, reveal the full explanation, and work through all 302 questions — no login required.
Question 91hard
What refers to the market situation in which any given product is supplied by a very large number of vendors and there is no restriction against additional vendors from entering the market?
Question 92easy
The functional depreciation is sometimes called ______.
Question 93easy
What is the simplest form of business organization?
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Question 94easy
Double taxation is a disadvantage of which business organization?
Question 95hard
What is the present worth of a P500 annuity starting at the end of the third year and continuing to the end of the fourth year, if the annual interest rate is 10 %?
Question 96hard
You borrow P3,500.00 for one year from a friend at an interest rate of 1.5% per month instead of taking a loan from a bank at a rate of 18% per year. How much lesser you will pay by borrowing the money from the bank?
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Question 97medium
What refers to the negotiable claim issued by a bank in lien of a term deposit?
Question 98hard
If ‘a’ is the base amount expenditure, ‘b’ is the increase in the operation cost each year over a period of’ 'n’ years, the total cost of maintenance is:
Question 99hard
A ______ is a market situation where economies of scale are so significant that cost are only minimized when the entire output of an industry is supplied by a single producer so that the supply costs are lower under monopoly that under perfect competition.