Engineering Economy MCQs

Option A: 1,000 feet

Option B: 1,040 feet

Option C: 1,100 feet

Option D: 1,120 feet

Correct Answer: 1,000 feet ✔

Option A: 1.0 hour per unit

Option B: 1.2 hours per unit

Option C: 1.4 hours per unit

Option D: 1.6 hours per unit

Correct Answer: 1.0 hour per unit ✔

Option A: 1,033

Option B: 1,037

Option C: 1,043

Option D: 1,053

Correct Answer: 1,053 ✔

Option A: $ 5,000,000.00

Option B: $ 5,010,000.00

Option C: $ 5,025,000.00

Option D: $ 5,050,000.00

Correct Answer: $ 5,000,000.00 ✔

Option A: P 9,358.41

Option B: P 9,228.45

Option C: P 9,250.00

Option D: P 9,308.45

Correct Answer: P 9,250.00 ✔

Option A: P 3,279.27

Option B: P 3,927.27

Option C: P 3,729.27

Option D: P 3,792.72

Correct Answer: P 3,927.27 ✔

Option A: 7 eyars

Option B: 8 years

Option C: 9 years

Option D: 10 years

Correct Answer: 9 years ✔

Option A: P 2,000.00

Option B: P 2,100.00

Option C: P 2,200.00

Option D: P 2,300.00

Correct Answer: P 2,000.00 ✔

Option A: P 222.67

Option B: P 212.90

Option C: P 236.20

Option D: P 231.56

Correct Answer: P 236.20 ✔

Option A: P 1,122.70

Option B: P 1,144.81

Option C: P 1,133.78

Option D: P 1,155.06

Correct Answer: P 1,144.81 ✔

Option A: 3.0%

Option B: 3.4%

Option C: 3.7%

Option D: 4.0%

Correct Answer: 3.0% ✔

Option A: P 4,880.00

Option B: P 4,820.00

Option C: P 4,860.00

Option D: P 4,840.00

Correct Answer: P 4,860.00 ✔

Option A: P 6,999.39

Option B: P 6,292.93

Option C: P 6,222.39

Option D: P 6,922.93

Correct Answer: P 6,922.93 ✔

Option A: P 142,999.08

Option B: P 143,104.89

Option C: P 142,189.67

Option D: P 143,999.08

Correct Answer: P 143,999.08 ✔

Option A: P 43,600.10

Option B: P 43,489.47

Option C: P 43,263.91

Option D: P 43,763.20

Correct Answer: P 43,763.20 ✔

Option A: P 7,654.04

Option B: P 7,731.29

Option C: P 7,420.89

Option D: P 7,590.12

Correct Answer: P 7,731.29 ✔

Option A: P 2,500.57

Option B: P 2,544.45

Option C: P 2,540.56

Option D: P 2,504.57

Correct Answer: P 2,504.57 ✔

Option A: P 1,290.34

Option B: P 1,185.54

Option C: P 1,107.34

Option D: P 1,205.74

Correct Answer: P 1,185.54 ✔

Option A: P 727.17

Option B: P 717.17

Option C: P 714.71

Option D: P 731.17

Correct Answer: P 717.17 ✔

Option A: P 19,122.15

Option B: P 19,423.69

Option C: P 19,518.03

Option D: P 19,624.49

Correct Answer: P 19,624.49 ✔

Option A: P 15,030.03

Option B: P 20,113.57

Option C: P 18,289.05

Option D: P 16,892.34

Correct Answer: P 15,030.03 ✔

Option A: P 3,260.34

Option B: P 3,280.34

Option C: P 3,270.34

Option D: P 3,250.34

Correct Answer: P 3,260.34 ✔

Option A: P 150.56

Option B: P 152.88

Option C: P 153.89

Option D: P 151.09

Correct Answer: P 152.88 ✔

Option A: P 62.44

Option B: P44.55

Option C: P54.66

Option D: P37.56

Correct Answer: P54.66 ✔

Option A: P1,549.64

Option B: P1,459.64

Option C: P1,345.98

Option D: P1,945.64

Correct Answer: P1,549.64 ✔

Option A: Monthly

Option B: Bimonthly

Option C: Quarterly

Option D: Annually

Correct Answer: Quarterly ✔

Option A: P693.12

Option B: P700.12

Option C: P702.15

Option D: P705.42

Correct Answer: P705.42 ✔

Option A: 11.23 years

Option B: 11.46 years

Option C: 11.57 years

Option D: 11.87 years

Correct Answer: 11.57 years ✔

Option A: 13.7 years

Option B: 14.7 years

Option C: 14.2 years

Option D: 15.3 years

Correct Answer: 14.2 years ✔

Option A: 11.89 %

Option B: 12.00 %

Option C: 12.08 %

Option D: 12.32 %

Correct Answer: ✔

Option A: 12.35 % compounded annually

Option B: 11.90 % compounded annually

Option C: 12.20 % compounded annually

Option D: 11.60 % compounded annually

Correct Answer: 11.60 % compounded annually ✔

Option A: 8.07 %

Option B: 8.12 %

Option C: 8.16 %

Option D: 8.24 %

Correct Answer: 8.24 % ✔

Option A: 19.61 %

Option B: 19.44 %

Option C: 19.31 %

Option D: 19.72 %

Correct Answer: 19.72 % ✔

Option A: 9.01 %

Option B: 9.14 %

Option C: 9.31 %

Option D: 9.41 %

Correct Answer: 9.14 % ✔

Option A: P39.01

Option B: P39.82

Option C: P39.45

Option D: P39.99

Correct Answer: P39.45 ✔

Option A: 3.90 %

Option B: 3.92 %

Option C: 3.95 %

Option D: 3.98 %

Correct Answer: 3.90 % ✔

Option A: 13.15 %

Option B: 13.32 %

Option C: 13.46 %

Option D: 13.73 %

Correct Answer: 13.73 % ✔

Option A: P18,000

Option B: P18,900

Option C: P19,000

Option D: P19,100

Correct Answer: P18,000 ✔

Option A: 12.07 %

Option B: 12.34 %

Option C: 12.67 %

Option D: 12.87 %

Correct Answer: 12.07 % ✔

Option A: 11.50 %

Option B: 11.75 %

Option C: 11.95 %

Option D: 12.32 %

Correct Answer: 11.75 % ✔

Option A: 3.67 %

Option B: 4.00 %

Option C: 4.15 %

Option D: 4.25 %

Correct Answer: 4.00 % ✔

Option A: 12.19 %

Option B: 12.03 %

Option C: 11.54 %

Option D: 10.29 %

Correct Answer: 10.29 % ✔

Option A: 5,937.50

Option B: 5,873.20

Option C: 5,712.40

Option D: 5,690.12

Correct Answer: 5,937.50 ✔

Option A: 23.5 %

Option B: 24.7 %

Option C: 25.0 %

Option D: 25.8 %

Correct Answer: 25.0 % ✔

Option A: 10 months

Option B: 11 months

Option C: 12 months

Option D: 13 months

Correct Answer: 12 months ✔

Option A: 28.33 %

Option B: 29.17 %

Option C: 30.12 %

Option D: 30.78 %

Correct Answer: 29.17 % ✔

Option A: 6.89 %

Option B: 6.65 %

Option C: 6.58 %

Option D: 6.12 %

Correct Answer: 6.65 % ✔

Option A: 21 %

Option B: 20 %

Option C: 19 %

Option D: 18 %

Correct Answer: 21 % ✔

Option A: Economic Analysis

Option B: Engineering cost analysis

Option C: Engineering economy

Option D: Design cost analysis

Correct Answer: Economic Analysis ✔

Option A: Monetary unit

Option B: Currency

Option C: Foreign exchange

Option D: Cash or check

Correct Answer: Foreign exchange ✔

Option A: Services

Option B: Goods

Option C: Commodities

Option D: Goods or commodities

Correct Answer: Services ✔

Option A: Local and imported

Option B: Raw and finished

Option C: Consumer and producer

Option D: Ready-made and made-to-order

Correct Answer: Consumer and producer ✔

Option A: Services

Option B: Goods

Option C: Commodities

Option D: Goods or commodities

Correct Answer: Goods ✔

Option A: Producer products

Option B: Consumer products

Option C: Luxury

Option D: Necessity

Correct Answer: Necessity ✔

Option A: Mall

Option B: Market

Option C: Store

Option D: Office

Correct Answer: Market ✔

Option A: Producer products

Option B: Consumer products

Option C: Luxury

Option D: Necessity

Correct Answer: Necessity ✔

Option A: Seller

Option B: Manufacturer

Option C: Producer

Option D: Buyer or consumer

Correct Answer: Buyer or consumer ✔

Option A: Monopsony

Option B: Monopoly

Option C: Oligopoly

Option D: Oligopsony

Correct Answer: Monopsony ✔

Option A: Seller

Option B: Manufacturer

Option C: Producer

Option D: Buyer or consumer

Correct Answer: Buyer or consumer ✔

Option A: Oligopoly

Option B: Oligopsony

Option C: Bilateral oligopoly

Option D: Bilateral Oligopsony

Correct Answer: Oligopsony ✔

Option A: Duopsony

Option B: Oligopoly

Option C: Oligopsony

Option D: Monopoly

Correct Answer: Monopoly ✔

Option A: Monopsony

Option B: Monopoly

Option C: Bilateral monopsony

Option D: Bilateral monopoly

Correct Answer: Bilateral monopoly ✔

Option A: Duopsony

Option B: Oligopoly

Option C: Oligopsony

Option D: Monopoly

Correct Answer: Oligopsony ✔

Option A: the single vendor can prevent the entry of all other vendors in the market

Option B: the single vendor gets the absolute franchise of the product

Option C: the single vendor is the only one who has the permit to sell

Option D: the single vendor is the only one who has the knowledge of the product

Correct Answer: the single vendor can prevent the entry of all other vendors in the market ✔

Option A: Few sellers and few buyers

Option B: Few sellers and many buyers

Option C: Many sellers and few buyers

Option D: One seller and few buyers

Correct Answer: Many sellers and few buyers ✔

Option A: Perfect competition

Option B: Oligopoly

Option C: Oligopsony

Option D: Monopoly

Correct Answer: Perfect competition ✔

Option A: Few sellers and few buyers

Option B: Few sellers and many buyers

Option C: Many sellers and few buyers

Option D: One seller and few buyers

Correct Answer: Many sellers and few buyers ✔

Option A: Perfect competition

Option B: Oligopoly

Option C: Oligopsony

Option D: Monopoly

Correct Answer: Perfect competition ✔

Option A: Atomistic competition

Option B: No-limit competition

Option C: Free-for-all competition

Option D: Heterogeneous market

Correct Answer: Atomistic competition ✔

Option A: Few sellers and few buyers

Option B: Few sellers and many buyers

Option C: Many sellers and few buyers

Option D: One seller and few buyers

Correct Answer: Few sellers and many buyers ✔

Option A: Monopsony

Option B: Oligopoly

Option C: Oligopsony

Option D: Monopoly

Correct Answer: Monopoly ✔

Option A: Homogeneous product

Option B: Free market entry and exit

Option C: Perfect information and absence of all economic friction

Option D: All of the above

Correct Answer: All of the above ✔

Option A: Perfect monopoly

Option B: Bilateral monopoly

Option C: Natural monopoly

Option D: Ordinary monopoly

Correct Answer: Natural monopoly ✔

Option A: Supply

Option B: Demand

Option C: Product

Option D: Good

Correct Answer: Demand ✔

Option A: Law of diminishing return

Option B: Law of supply

Option C: Law of demand

Option D: Law of supply and demand

Correct Answer: Law of supply ✔

Option A: Law of diminishing return

Option B: Law of supply

Option C: Law of demand

Option D: Law of supply and demand

Correct Answer: Law of diminishing return ✔

Option A: Supply

Option B: Demand

Option C: Product

Option D: Good

Correct Answer: Supply ✔

Option A: Utility

Option B: Necessity

Option C: Commodity

Option D: Stock

Correct Answer: Commodity ✔

Option A: 300

Option B: 360

Option C: 365

Option D: 366

Correct Answer: 360 ✔

Option A: Discount

Option B: Deduction

Option C: Inflation

Option D: Depletion

Correct Answer: Discount ✔

Option A: 300

Option B: 360

Option C: 365

Option D: 366

Correct Answer: 360 ✔

Option A: Effective rate of interest

Option B: Nominal rate of interest

Option C: Compound interest

Option D: Simple interest

Correct Answer: Simple interest ✔

Option A: Present worth factor

Option B: Interest rate

Option C: Time value of money

Option D: Yield

Correct Answer: Time value of money ✔

Option A: Total fair value

Option B: Total market value

Option C: Going concern value

Option D: Earning value

Correct Answer: Earning value ✔

Option A: Effective rate of interest

Option B: Nominal rate of interest

Option C: Compound interest

Option D: Simple interest

Correct Answer: Compound interest ✔

Option A: Interest

Option B: Rate of interest

Option C: Simple interest

Option D: Principal

Correct Answer: Interest ✔

Option A: Yield rate

Option B: Rate of return

Option C: Rate of interest

Option D: Economic return

Correct Answer: Rate of interest ✔

Option A: Return of investment

Option B: Interest rate

Option C: Yield

Option D: Rate of return

Correct Answer: Interest rate ✔

Option A: Annuity

Option B: Amortization

Option C: Depreciation

Option D: Bond

Correct Answer: Annuity ✔

Option A: Ordinary annuity

Option B: Perpetuity

Option C: Annuity certain

Option D: Annuity due

Correct Answer: Annuity certain ✔

Option A: Ordinary annuity

Option B: Perpetuity

Option C: Annuity due

Option D: Deferred annuity

Correct Answer: Ordinary annuity ✔

Option A: Par value of bond

Option B: Face value of bond

Option C: Redeemed value of bond

Option D: Value of bond

Correct Answer: Value of bond ✔

Option A: Ordinary annuity

Option B: Perpetuity

Option C: Annuity due

Option D: Deferred annuity

Correct Answer: Annuity due ✔

Option A: Ordinary annuity

Option B: Perpetuity

Option C: Annuity due

Option D: Deferred annuity

Correct Answer: Deferred annuity ✔

Option A: T-bills

Option B: Securities

Option C: Bond

Option D: Bank notes

Correct Answer: Bond ✔

Option A: Ordinary annuity

Option B: Perpetuity

Option C: Annuity due

Option D: Deferred annuity

Correct Answer: Perpetuity ✔

Option A: The amounts of all payments are equal.

Option B: The payments are made at equal interval of time.

Option C: The first payment is made at the beginning of the first period.

Option D: Compound interest is paid on all amounts in the annuity.

Correct Answer: The first payment is made at the beginning of the first period. ✔

Option A: Bond

Option B: T-bills

Option C: Stock

Option D: Promissory note

Correct Answer: Bond ✔