Estimated value of the property at the end of the useful life
AMarket value
BFair value
CSalvage value
DBook value
ESAS · Question Bank
Engineering Economics
195 of 208 questions match · page 9 of 10. Answer in your head first, then check the solution.
Determination of the actual quantity of the materials on hand as of a given date
Aphysical inventory
Bcounting principle
Cstock assessment
Dperiodic material update
This consists of cash and account receivable during the next period or any other material which will be sold
Afixed assets
Bdeferred charges
Ccurrent asset
Dliability
A wrongful act that causes injury to a person or property and for which the law allows a claim by the injured party to recover damages
Afraud
Btort
Clibel
Dscam
These are products or services that are required to support human life and activities that will be purchased in somewhat the same quantity even though the price varies considerably
Acommodities
Bnecessities
Cdemands
Dluxury
The quantity of a certain commodity that is offered for sale at a certain price at a given place and time
Autility
Bsupply
Cstocks
Dgoods
Parties whose consent or signature in a contract is not considered intelligent
Adummy person
Bminors
Cdemented persons
Dconvict
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 entering the market
Aperfect competition
Bmonopsony
Cmonopoly
Dcartel
These are products or services that are desired by human and will be purchased if money is available after the required necessities have been obtained
Acommodities
Bnecessities
Cluxuries
Dsupplies
Grand total of the assets and operational capability of a corporation
Aauthorized capital
Bpaid off capital
Csubscribed capital
Dinvestment
The length of time which the property may be operated at a profit
Alife span
Beconomic life
Coperating life
Dprofitable life
The right and priviledge granted to an individual or corporation to do business in a certain region
Apermit
Broyalty
Clicense
Dfranchise
The worth of an asset as shown in the accounting records of an enterprise
Afair value
Bpar value
Cmarket value
Dbook value
A loan that is discharged or repaid by uniform series of payments extending over its duration is said to be
AFunded
BDepreciated
CAmortized
DBonded
A market condition where there are two buyers and two sellers is called ____.
ADuopoly
BDuopsony
CBilateral oligopoly
DBilateral duopoly
It is the interest earned by the principal which is added to the principal and will also earn an interest for the succeeding periods.
ACompounding interest
BSimple interest
CDiscount
DInterest rate
It is the payment for the use of borrowed money
ALoad
BInterest
CMaturity value
DPrincipal
What best defines “annuity”?
AA series of equal payments occurring at the equal periods of time
BFirst payment does not begin until some later date
CValue of the stock as stated on the stock certificate
DDifference between the present value and the worth of money at some time in the future
What refers to the value of an asset which a disinterested third party, different from the buyer and seller, will determine in order to establish a price acceptable to both parties?
ABook value
BMarket value
CFair value
DFranchise value
A type of annuity where the payments are made at the start of each period, beginning from the first period
AOrdinary annuity
BAnnuity due
CDeferred annuity
DPerpetuity