Engineering Economy # 1

Engineering Economy # 1

University

25 Qs

quiz-placeholder

Similar activities

Compare Functions in Different

Compare Functions in Different

8th Grade - University

20 Qs

Functions Equations of Lines Scatter Plots

Functions Equations of Lines Scatter Plots

8th Grade - University

20 Qs

Comparing Functions and Initial Value

Comparing Functions and Initial Value

8th Grade - University

20 Qs

REVISION MICROECONOMICS

REVISION MICROECONOMICS

University

20 Qs

Business Mathematics | Mark Up and Mark Down

Business Mathematics | Mark Up and Mark Down

University

20 Qs

TSI Math 2.0 Practice

TSI Math 2.0 Practice

9th Grade - University

20 Qs

Math 7 (Module 2 Review)

Math 7 (Module 2 Review)

7th Grade - University

20 Qs

Compare Functions Represented Differently

Compare Functions Represented Differently

8th Grade - University

20 Qs

Engineering Economy # 1

Engineering Economy # 1

Assessment

Quiz

Mathematics

University

Hard

Created by

Coco Butter

Used 2+ times

FREE Resource

25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

This occurs in a situation where a commodity or service is supplied by a number of vendors and there is nothing to prevent additional vendors from entering the market.

Elastic Demand

Perfect Competition

Monopoly

Oligopoly

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The reduction in the level of national income and output, usually accompanied by a fall in general price level.

Devaluation

Inflation

Depletion

Deflation

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The total cost of importing products. This includes the purchase price, transport, insurance, and associated taxes.

Sunk Cost

Franchise

Direct Cost

Landed Cost

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

An organization that aims to block the entry of a new corner.

Monopoly

Cartel

Competitor

Proprietor

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

When free competition exists, the price of a product will be that value where supply is equal to the demand.

Law of Supply and Demand

Law of Supply

Law of Demand

Law of Diminishing Returns

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The amount which a willing buyer will pay to a willing seller for a property when neither one is under compulsion to buy or sell.

Book Value

Market Value

Fair Value

Salvage Value

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Exclusive right granted by the government for the manufacture, use and sale of a specific product.

Patent

Franchise

Monopoly

Monopsony

Create a free account and access millions of resources

Create resources
Host any resource
Get auto-graded reports
or continue with
Microsoft
Apple
Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?