ENGINEERING ECONOMICS
Authored by Rica Bonghanoy
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University
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62 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Those UNAFFECTED BY CHANGES in activity level over a feasible range of operations for the capacity or capability available
Variable Cost
Fixed Cost
Total Cost
Incremental Cost
2.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
The SYSTEMATIC evaluation of the ECONOMIC MERITS of proposed solutions to engineering problems
Engineering Economy
Engineering Economics
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
An operation that VARIES in total with the quantity of output or other measures of activity level
Variable Cost
Fixed Cost
Total Cost
Incremental Cost
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
The ADDITIONAL cost (or revenue) that results from INCREASING the output of a system
Variable Cost
Fixed Cost
Total Cost
Incremental Cost
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
The SUM of the total fixed cost and total variable cost
Variable Cost
Fixed Cost
Total Cost
Incremental Cost
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Variable cost for ONE MORE UNIT; both increase or decrease in output
Marginal cost
Average cost
Direct cost
Indirect cost
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Costs that can be reasonably measured and allocated to a SPECIFIC output or work activity
Marginal cost
Average cost
Direct cost
Indirect cost
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