Quiz 2

Quiz 2

University

10 Qs

quiz-placeholder

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Quiz 2

Quiz 2

Assessment

Quiz

Engineering

University

Practice Problem

Hard

Created by

Maha Mahfoud

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Full-time student: Can enroll in 12-18 credit hours for a fee of $1800. Overload credits are charged at $120/credit.

Part-time student: Can enroll in any number of credit hours at $140/ credit.

What is the average cost for a full-time student t0 enroll in 18 credit hours?

$100

$102

$129

$140

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Full-time student: Can enroll in 12-18 credit hours for a fee of $1800. Overload credits are charged at $120/credit.

Part-time student: Can enroll in any number of credit hours at $140/ credit.

What is the average cost for a part-time student to enroll in 20 credit hours?

$100

$120

$140

$150

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A private owned summer camp for youngsters has the following data for a 12 week session:
• Each camper pays to attend the camp: $120 per week
• Fixed costs: $48000
• Variable cost per camper: $80 per week
• Capacity: 200 campers
What is the total number of campers that will allow the camp to just break even?

80 campers

100 campers

120 campers

160 campers

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Friends invite a college student to travel through Europe over the summer break. The total cost of travel is $3000 for 10 weeks and after checking his bank account he agrees to go with them. It has to be noted that the student already had a summer internship offer that could potentially earn $5000 which he decided to give up for the Europe tour. What will the student's total cost comprise?

$5,000 cash cost

$3,000 oportunity cost

$3,000 cash cost and $5,000 opportunity cost

$5,000 cash cost and $3,000 opportunity cost

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

You got offers to sell your car for $6,000. However, you actually sold the car to a friend for $5,500. What is the book value of your car ?

$6,000

$5,500

6.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

A company decided to landscape a lot of ground and then care for it. Which of the following costs are non-recurring costs the company incur?

Plant shrubs

Fertilize shrubs


Mow grass

Remove existing vegetation

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A contractor gave you a quote to build you a house for $250 per square meter. What’s your cost to build a 200 sq. meter-house?

$5,000

$50,000

$500,000

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