Engineering Economics and Cost Analysis
Quiz by Let's learn with Niru
Feel free to use or edit a copy
includes Teacher and Student dashboards
Measure skillsfrom any curriculum
Measure skills
from any curriculum
Tag the questions with any skills you have. Your dashboard will track each student's mastery of each skill.
With a free account, teachers can
- edit the questions
- save a copy for later
- start a class game
- automatically assign follow-up activities based on students’ scores
- assign as homework
- share a link with colleagues
- print as a bubble sheet
20 questions
Show answers
- Q1In a cash flow series:Uniform gradient signifies that an income or disbursement changes by the same amount in each interest periodEither an increase or decrease in the amount of a cash flow is called the gradientAll of theseThe gradient in the cash flow may be positive or negative300s
- Q2In a cash-flow diagram:Time 1 is considered to be the end of time period 1Time 0 is considered to be the presentAll of theseA vertical arrow pointing up indicates a positive cash flow300s
- Q3If $200 is deposited in a savings account at the beginning of each of 15 years and the account draws interest at 8% per compounded annually, the value of the account at the end of 15 years will be nearly:$6,900$5,400$5,900$6,000300s
- Q4Pick up the correct statement from the following:An annuity is a series of equal payments occurring at equal period of timeAll the aboveAnnuity is called an equal payment or uniform payment seriesAn annuity may have periods of time of any length but should always be of equal length300s
- Q5The sunk costs include:An unrecovered balanceAll of theseAn invested capital that cannot be retrievedA past expenditure300s
- Q6Pick up the element of the cost from the following:Direct labourDirect materialOver headAll of these300s
- Q7A loan of P5,000 is made for a period of 15 months, at a simple interest rate of 15%, what future amount is due at the end of the loan period?5,690.125,712.405,937.505,873.20300s
- Q8Mr. Bacani borrowed money from the bank. He received from the bank P1,842 and promised to repay P2,000 at the end of 10 months. Determine the rate of simple interest.11.54 %10.29 %12.19 %12.03 %300s
- Q9What is the effective rate corresponding to 18% compounded daily? Take 1 year is equal to 360 days.19.61 %19.72 %19.31 %19.44 %300s
- Q10What is the type of annuity where the payments are made at the end of each period starting from the first period?Annuity dueOrdinary annuityPerpetuityDeferred annuity300s
- Q11What is the type of annuity that does not have a fixed time span but continues indefinitely or forever?Annuity dueDeferred annuityOrdinary annuityPerpetuity300s
- Q12What is the type of annuity where the payments are made at the beginning of the each period starting from the first period?Annuity dueOrdinary annuityPerpetuityDeferred annuity300s
- Q13What is defined as the interest on a load or principal that is based only on the original amount of the loan or principal?Compound interestEffective rate of interestNominal rate of interestSimple interest300s
- Q14What 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?Simple interestCompound interestEffective rate of interestNominal rate of interest300s
- Q15What refers to the cost of borrowing money or the amount earned by a unit principal per unit time?Rate of interestRate of returnYield rateEconomic return300s