Engineering economics exclusive from Junco Review Center

What is considered as the standard unit which forms the basis of a countrys domestic money supply

What is defined as the analysis and evaluation of the monetary consequences by using theories and principles of economics to engineering applications designs and projects?

What is defined as any tangible economic prouct that contributes directly or indirectly to the satisfaction of human want

What are the 2 qualifications of goods and services?

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

What refers to the exchange mechanism that brings together the sellers and the buyers of a product, factor of production or final security

What is considered as the basic consuming or demanding unit of a commodity

What is a market situation whereby there is only one buyer of an item for which there is no goods substitute?

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

What is the market situation existing when there are many buyers and many sellers?

If there is only one seller and many buyers, the market situation is

Oligopoly exists when there is/are:

Duopsony is a market situation where there is/are:

Duopoly is a market situation where there is/are:

What is another term for perfect competition

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?

What is the opposite of perfect competition?

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

When one of the factos of production is fixed in quantity or is difficult to increase, increasing the other factrs of production will result in less than proportionate increase in output. This statement is known as the

Under conditions of perfect competition, the price at which any given product will be supplied and purchased is the price that will result in the supply and the demand being equal. This statement is known as the:

What do you call any particular raw material or primary product such as cloth, woll, flour, coffee, etc.?

What is defined as the interest on a loan or principal that is based only on the original amount of the loan or principal

Under ordinary simple interest, how many days in one year?

What refers to the cumulative effect of elapsed time on the money value of an event, based on the earning power of equivalent invested funds capital should or will earn?

The difference between the present and future worth of money at some in the future is called

What refers to the present worth of the probable future net earnings?

What is defined as the investment of loan or principal which is based not only on the original amount of the loan or principal but the amount of loaned or principal plus the previous accumulated interest?

What is the term for an annuity with a fixed time span?

What is the term for an annuity where the payments are made at the end of each period starting from the first period?

What is the term for an annuity where the payments are made at the beginning of each period starting from the first period?

What is defined as a financial security note issued by business or corporation and by the government as a means of borrowing long term fund?

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

What refers to a document that shows proof of legal ownership of a financial security

A type of bond where the corporation pledges securities which it owns such as the stock or bonds of one of its subsidaries

What is the feature of some bonds whereby the issuer can redeem it before it matures?

The price at which the callable bond will be redeemed from the bondholder is called?

What is defined as the reduction or fall of the value of an asset due to constant use and passage of time?

In what method of computing depreciation where it assumes that the loss in value is directly proportional to the age of the equipment or asset?

In what method of computing depreciation where it assumes that a sinking fund is established in which funds will accumulate for replacement purposes?

In what method of computing depreciation where it assumes that the annual cost of depreciation is a fixed percentage of the book value at the beginning of the year?

In SYD method of computing depreciation, which of the following is the formula in finding the sum of the years' digit?

Declining balance method is also known as

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

What type of depreciation is due to the reduction of the physical ability of an equipment or asset produce result?

The functional depreciation is sometimes called

What is defined as the reduction of the value of certain natural resources such as mines, oil, timber, quarries, etc. Due to the gradual extraction of its contents?

What are the common methods of computing depletion charge?

The depletion allowance method of computing depletion is commonly known as

What do you call the after-tax present worth of all depreciation effect over the depreciation period of the asset?

A mathematical expression also known as the rpesent value of annuity of one is called

The amount of property in which willing buyer to a willing seller for the property when neither one is under the compulsion to buy nor to sell is called

Salvage value is sometimes known as

What refers to the value of an asset which is disinterested third party, different from the buyer and seller, will determine in order to establish price acceptable to both parties?

What refers to the value of an intangible item which arises from the exclusive right of a company to provide a specified product and service in a certain region of the country?

The first cost to be incurred if the piece of equipment now in place had been bought for a second hand dealer or some other business is called?

The process of determining the value or worth of a physical property for specific reason is called

The unrecovered depreciation which results due to poor estimates as to the life of the equipment is called

What refers to the present worth of cost associated with an asset for an infinite period of time?

Capitalized cost of a project is also known as

What is normally used to compare alternatives that accomplish the same purpose but have unequal lives?

What method is often used in municipal project evaluations where benefits and costs accrue to different segments of the community?

A form of business organization in which a person conducts his business alone and entirely for his own profit, being solely responsible for all its activities and liabilities

Double taxation is a disadvantage of which business organization?

What represents the ownership of stockholders who have a residual claim on the assets of the corporation after all other claims have been settled

The amount of companys profit that the board of directors of the corporation decides to distribute to ordinary shareholders is called

What refers to the claim of anyone to ownership

Cash money and credit necessary to establish and operate an enterprise are generally called

What represents the share of participation in business organizations?

The profit derived from a project or business enterprise without consideration of obligations to financial contributors and claims of others based on profit is known as

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

Which of the following is an example of intangible assets?

Lands, buildings, plants and machineries are example of what type of asset?

What refers to the interest rate at which the present work of the cash flow on a project is zero of the interest earned by an investment?

What is another term for current assets?

What is an accounting term that represents an inventory account adjustment?

What is the change in cost per unit variable change called?

What isued to record historical financial transactions?

What is secondary book of accounts, the information of which is obtained from the journal is called?

The original record of a business transaction is recorded in this book

All are classified under direct labor expenses EXCEPT ONE

What is a measure of the average speed with which accounts receivable are collected?

The ratio of the net income before taxes to net sales is called

What is used when a quick estimate of the double time for the invested money is needed?

What is the increase in the money value of a capital asset is called?

What refers to the negotiable claim issued by a bank in lien of a term deposit?

What denotes in the fall in the exchange rate of one currency in terms of the others? This term is usually applied to the floating exchange rate

The deliberate lowering of the price of a nations currency in terms of the accepted standard (Gold, American dollar or the British pound) is known as

What refers to the saving which takes place because goods are not available for consumption rather than consumer really want to save?

As applied to capitalized asset, the distribution of the initial cost by a periodic change to operation as in depreciation or the reduction of a debt by either periodic or irregular prearranged programs is called

Capitalized cost of any structure or property is computed by which formula?

Gross margin is the ratio of the gross profit to

What is another term for acid test ratio?

What is a government bond which has indefinite life rather than a specific maturity?

What is a stock product which held by a trade body or government as a means of regulating the price of that product?

The ability to meet debts as they become due is known as

What is an index of short-term paying ability?

What is the ratio of the quick assets to current liabilities

What is the ratio of the net income owner's equity?

The average age of receivables is computed using which formula?

Paper currency issued by central bank which forms part of the country's money supply is called?