ECONOMICS-QUIZ

ECONOMICS-QUIZ

University

15 Qs

quiz-placeholder

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ECONOMICS-QUIZ

ECONOMICS-QUIZ

Assessment

Quiz

Engineering

University

Practice Problem

Easy

Created by

Dhiana Sinogba

Used 1+ times

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15 questions

Show all answers

1.

FILL IN THE BLANK QUESTION

20 sec • 1 pt

It is the application of economic principles and calculations to engineering projects

2.

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20 sec • 1 pt

The prospective outcomes of the alternatives, economic and other should be consistently developed from a defined viewpoint/perspective. Under what principle is this?

3.

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20 sec • 1 pt

Selection of a preferred alternative requires the use of criterion. Under what principle is this?

4.

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20 sec • 1 pt

Improved decision making results from an adaptive process; to the extent practicable, the initial projected outcomes of the selected alternative should be subsequently compared with actual results achieved. Under what principle is this?

5.

FILL IN THE BLANK QUESTION

20 sec • 1 pt

These are stand-alone descriptions of viable solutions to problems that can meet the objectives.

6.

FILL IN THE BLANK QUESTION

20 sec • 1 pt

A reasonable rate of return established for the evaluation and selection of alternatives.

7.

FILL IN THE BLANK QUESTION

20 sec • 1 pt

The change in costs due to change in the level of activity or pattern or technology or process or method of production is known as?

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