Solutions for Engineering
Economics, 8th Canadian Edition
The paper currency issued by the central Bank, which forms part of the country's money supply.
A. Bank note
B. Check
C. Coupon
D. T-bills - ANSWERSA
Reduction in the level of national income and output usually accompanied by the fall in the general
price level.
A. Deflation
B. Depreciation
C. Devaluation
D. Inflation - ANSWERSA
It is a series of equal payments occurring at equal interval of time.
A Amortization
B. Annuity
C. Dept
D. Deposit - ANSWERSB
The place where buyers and sellers come together.
A. Business
B. Buy and sell section
C. Market
D. Recreation center - ANSWERSC
,A market whereby there is only one buyer of an item for which there are no goods substitute.
A. Monopoly
B. Monopsony
C. Oligopoly
D. Oligopsony - ANSWERSB
It is a series of equal payments occurring at equal interval of time where the first payment is made
after several periods, after the beginning of the payment.
A. Annuity due
B. Deferred annuity
C. Ordinary annuity
D. Perpetuity - ANSWERSB
The total income equals the total operating cost.
A. Balanced sheet
B. Break even - no gain no loss
C. Check and balance
D. In-place value - ANSWERSB
Kind of obligation which has no condition attached.
A. Analytic
B. Gratuitous
C. Private
D. Pure - ANSWERSB
Direct labor costs incurred in the factory and direct material costs are the costs of all materials that
go into production. The sum of these two direct costs is known as?
,A. GS and A expenses
B. Operating and maintenance costs
C. O and M costs
D. Prime cost - ANSWERSD
An index of short term paying ability is called
A. acid-test ratio
B. current ratio
C. profit margin ratio
D. receivable turn-over - ANSWERSA
An artificial expenses that spreads the purchase price of an asset or another property over a number
of years.
A. Amnesty
B. Bond
C. Depreciation
D. Sinking fund - ANSWERSC
Estimated value at the end of the useful life.
A. Book value
B. Fair value
C. Market value
D. Salvage value - ANSWERSD
Consists of the actual counting or determination of the actual quantity of the materials on hand as of
a given date.
A. Material count
, B. Material update
C. Physical inventory
D. Technological assessment - ANSWERSC
Additional information of prospective bidders on contact documents issued prior to bidding date.
A. Bid bulletin
B. Delict
C. Escalatory
D. Technological assessment - ANSWERSA
A series of uniform accounts over an infinite period of time.
A. Annuity
B. Depreciation
C. Inflation
D. Perpetuity - ANSWERSD
The quantity of a certain commodity that is offered for sale at a certain price at a given place and
time.
A. Demand
B. Goods
C. Stocks
D. Supply - ANSWERSD
Work-in process is classified as
A. an asset
B. an expenses
C. An owner's equity
Economics, 8th Canadian Edition
The paper currency issued by the central Bank, which forms part of the country's money supply.
A. Bank note
B. Check
C. Coupon
D. T-bills - ANSWERSA
Reduction in the level of national income and output usually accompanied by the fall in the general
price level.
A. Deflation
B. Depreciation
C. Devaluation
D. Inflation - ANSWERSA
It is a series of equal payments occurring at equal interval of time.
A Amortization
B. Annuity
C. Dept
D. Deposit - ANSWERSB
The place where buyers and sellers come together.
A. Business
B. Buy and sell section
C. Market
D. Recreation center - ANSWERSC
,A market whereby there is only one buyer of an item for which there are no goods substitute.
A. Monopoly
B. Monopsony
C. Oligopoly
D. Oligopsony - ANSWERSB
It is a series of equal payments occurring at equal interval of time where the first payment is made
after several periods, after the beginning of the payment.
A. Annuity due
B. Deferred annuity
C. Ordinary annuity
D. Perpetuity - ANSWERSB
The total income equals the total operating cost.
A. Balanced sheet
B. Break even - no gain no loss
C. Check and balance
D. In-place value - ANSWERSB
Kind of obligation which has no condition attached.
A. Analytic
B. Gratuitous
C. Private
D. Pure - ANSWERSB
Direct labor costs incurred in the factory and direct material costs are the costs of all materials that
go into production. The sum of these two direct costs is known as?
,A. GS and A expenses
B. Operating and maintenance costs
C. O and M costs
D. Prime cost - ANSWERSD
An index of short term paying ability is called
A. acid-test ratio
B. current ratio
C. profit margin ratio
D. receivable turn-over - ANSWERSA
An artificial expenses that spreads the purchase price of an asset or another property over a number
of years.
A. Amnesty
B. Bond
C. Depreciation
D. Sinking fund - ANSWERSC
Estimated value at the end of the useful life.
A. Book value
B. Fair value
C. Market value
D. Salvage value - ANSWERSD
Consists of the actual counting or determination of the actual quantity of the materials on hand as of
a given date.
A. Material count
, B. Material update
C. Physical inventory
D. Technological assessment - ANSWERSC
Additional information of prospective bidders on contact documents issued prior to bidding date.
A. Bid bulletin
B. Delict
C. Escalatory
D. Technological assessment - ANSWERSA
A series of uniform accounts over an infinite period of time.
A. Annuity
B. Depreciation
C. Inflation
D. Perpetuity - ANSWERSD
The quantity of a certain commodity that is offered for sale at a certain price at a given place and
time.
A. Demand
B. Goods
C. Stocks
D. Supply - ANSWERSD
Work-in process is classified as
A. an asset
B. an expenses
C. An owner's equity
