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.Management Sciences
Category: Engineering Economy
All are classified under direct labor expenses EXCEPT one. Which one ?
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A. Inspection cost
B. Testing cost
C. Assembly cost
D. Supervision cost
Aside from many sellers and many buyers, which one is a characteristic of perfect competition ?
A. Homogeneous product
B. Free market entry and exit
C. Perfect information and absence of all economic friction
D. All of the above
What refers to the goods and services that are required to support human life, needs and activities ?
A. Producer products
B. Consumer products
C. Luxury
D. Necessity
What is defined as any tangible economic product that contributes directly or indirectly to the satisfaction of human want ?
A. Services
B. Goods
C. Commodities
D. Goods or commodities
A bond without any security behind them except a promise to pay by the issuing corporation is called __________________?
A. Joint bond
B. Debenture bond
C. Trust bond
D. Common bond
An association of two or more persons for the purpose of engaging into a business for profit is called ____________________?
A. Entrepreneurship
B. Partnership
C. Proprietorship
D. Corporation
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 % ?
A. P 727.17
B. P 717.17
C. P 714.71
D. P 731.17
A person buys a piece of lot for P 100,000 downpayment and 10 deferred semi-annual payments of P 8,000 each, starting three years from now. What is the present value of the investment if the rate of interest is 12% compounded semi-annually ?
A. P 142,999.08
B. P 143,104.89
C. P 142,189.67
D. P 143,999.08
Capitalized cost of any structure or property is computed by which formula ?
A. First cost + interest of first cost
B. Annual cost – interest of first cost
C. First cost + cost of perpetual maintenance
D. First cost + salvage value
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