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Engineering Economy MCQ

CHEMISTRY / PHYSICS / MECHANICS / THERMODYNAMICS / ENGINEERING MATERIALS / RULES AND ETHICS / ENGINEERING ECONOMY / ENGINEERING MANAGEMENT

Test your knowledge of engineering economy with MCQTrip.com online multiple choice questions. Get instant feedback and track your progress as you go. Twenty (20) MCQ questions from our test bank will be randomly shown for every attempt. Passing mark for this test is 70%.

Objectives: Provide a comprehensive online quiz to test knowledge of engineering economy.

Welcome to your Engineering Economy  MCQ practice assessment.

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An investor has an option to purchase a tract of land that will be worth P20,000 in seven years. If the value of the land increases at 9% each year, how much should the investor be willing to pay now for this property?

These are products or services that are desired by human and will be purchased if money is available after the required necessities have been obtained

Grand total of the assets and operational capability of a corporation

The addition cost of producing one more unit is

This consists of a cash and account receivable during the next period or any other material which will be sold

It is the stock that has prior to dividends. It usually does not bring voting right to the owners and the dividend is fixed and cannot be higher than the specified amount

It is defined as the capacity of a commodity to satisfy human want

A market situation where there is one seller and buyer

The amount which has been spent or capital invested which for some reasons cannot be retrieved.

Reduction in the level of national income and output usually accompanied by a fall in the general price level

A plant bought a machine for P200,000 and used it for 10 years, the life span of the equipment. What is the book value of the machine after 5 years of use? Assume a scrap value of P20,000. Use double declining balance method

A market whereby there is only one buyer of an item for when there are no goods substitute

What is the effective rate of interest if P1000 is invested at a nominal rate of 15% compounded quarterly?

It is defined to be the capacity of a commodity to satisfy human want

Parties whose consent or signature in a contract is not considered intelligent

It is sometimes called the second hand value

A market situation in which two competing buyers exert controlling influence over many sellers

A wrong act that causes injury to a person or property and for which allows a claim by the injured party to recover damages

This consists of a cash and account receivable during the next period or any other material which will be sold

A man bought an equipment costing P30,000 payable in 12 quarterly payments, each installment payable at the beginning of each period. The rate of interest is 24% compounded quarterly. What is the amount of each payment

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