Column A Column B 1. The analysis and evaluation of the factors that will affect the economic success of engineering projects А. Demand B. Supply 2. It is the increase in the prices of goods and services from one year to another thus decreasing the purchasing amount of money. C. Engineering Economy D. Simple Interest F = P (1+i)^n P = F (1+i)^-n 3. Basic accounting formula for balancing accounting values Е. F. 4. It is the amount paid for borrowed capital or income produced by money which has been loaned G. Interest Н. Consumer Goods and Services 5. the quantity of a commodity or service wanted at a specified price I. Variable Cost and time 6. An expense that changes in proportion with production output. J. Assets 7. A cost that has already been incurred and cannot be recovered K. Assets = Liabilities + Owner's Equity 8. the quantities of goods or services offered for sale at a particular time or at one price Income- Expense = Profit M. Inflation L. 9. Costs that cannot be applied to a specific item, they generally do not change as a result of production volume. N. Overhead Cost 0. Indirect Cost P. Owner's Equity Q. Sunk Costs 10. property owned by a person or company, regarded as having value
Column A Column B 1. The analysis and evaluation of the factors that will affect the economic success of engineering projects А. Demand B. Supply 2. It is the increase in the prices of goods and services from one year to another thus decreasing the purchasing amount of money. C. Engineering Economy D. Simple Interest F = P (1+i)^n P = F (1+i)^-n 3. Basic accounting formula for balancing accounting values Е. F. 4. It is the amount paid for borrowed capital or income produced by money which has been loaned G. Interest Н. Consumer Goods and Services 5. the quantity of a commodity or service wanted at a specified price I. Variable Cost and time 6. An expense that changes in proportion with production output. J. Assets 7. A cost that has already been incurred and cannot be recovered K. Assets = Liabilities + Owner's Equity 8. the quantities of goods or services offered for sale at a particular time or at one price Income- Expense = Profit M. Inflation L. 9. Costs that cannot be applied to a specific item, they generally do not change as a result of production volume. N. Overhead Cost 0. Indirect Cost P. Owner's Equity Q. Sunk Costs 10. property owned by a person or company, regarded as having value
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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