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Engineering Economics and Cost Analysis

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20 questions
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  • Q1
    In a cash flow series:
    Uniform gradient signifies that an income or disbursement changes by the same amount in each interest period
    Either an increase or decrease in the amount of a cash flow is called the gradient
    All of these
    The gradient in the cash flow may be positive or negative
    300s
  • Q2
    In a cash-flow diagram:
    Time 1 is considered to be the end of time period 1
    Time 0 is considered to be the present
    All of these
    A vertical arrow pointing up indicates a positive cash flow
    300s
  • Q3
    If $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
    $6,000
    300s
  • Q4
    Pick up the correct statement from the following:
    An annuity is a series of equal payments occurring at equal period of time
    All the above
    Annuity is called an equal payment or uniform payment series
    An annuity may have periods of time of any length but should always be of equal length
    300s
  • Q5
    The sunk costs include:
    An unrecovered balance
    All of these
    An invested capital that cannot be retrieved
    A past expenditure
    300s
  • Q6
    Pick up the element of the cost from the following:
    Direct labour
    Direct material
    Over head
    All of these
    300s
  • Q7
    A 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?
    5,690.12
    5,712.40
    5,937.50
    5,873.20
    300s
  • Q8
    Mr. 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
  • Q9
    What 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
  • Q10
    What is the type of annuity where the payments are made at the end of each period starting from the first period?
    Annuity due
    Ordinary annuity
    Perpetuity
    Deferred annuity
    300s
  • Q11
    What is the type of annuity that does not have a fixed time span but continues indefinitely or forever?
    Annuity due
    Deferred annuity
    Ordinary annuity
    Perpetuity
    300s
  • Q12
    What is the type of annuity where the payments are made at the beginning of the each period starting from the first period?
    Annuity due
    Ordinary annuity
    Perpetuity
    Deferred annuity
    300s
  • Q13
    What is defined as the interest on a load or principal that is based only on the original amount of the loan or principal?
    Compound interest
    Effective rate of interest
    Nominal rate of interest
    Simple interest
    300s
  • Q14
    What 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 interest
    Compound interest
    Effective rate of interest
    Nominal rate of interest
    300s
  • Q15
    What refers to the cost of borrowing money or the amount earned by a unit principal per unit time?
    Rate of interest
    Rate of return
    Yield rate
    Economic return
    300s

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