
Engineering Economy Quiz
Authored by Cyrill Daculara
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University
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100 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is defines as the analysis and evaluation of the monetary consequences by using the theories and principles of economics to engineering applications, designs and projects?
A. Economic Analysis
B. Engineering cost analysis
C. Engineering economy
D. Design cost analysis
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is considered as the standard unit which forms the basis of a country’s domestic money supply?
A. Monetary unit
B. Currency
C. Foreign exchange
D. Cash or check
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is defined as any tangible economic activity that contributes directly or indirectly to the satisfaction of human want?
A. Services
B. Goods
C. Commodities
D. Goods or commodities
5.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
What are the two classifications of goods and services?
A. Local and imported
B. Raw and finished
C. Consumer and producer
D. Ready-made and made-to-order
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What refers to the goods and services that are desired by human and will be acquired only after all the needs have been satisfied?
A. Producer products
B. Consumer products
C. Luxury
D. Necessity
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