APSC 221 Multiple Choice Question and answers already passed 2024/2025
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Course
APSC 221
Institution
APSC 221
APSC 221 Multiple Choice Question and answers already passed 2024/2025 APSC 221 Multiple Choice
T or F: The general Price-Demand relationship can be expressed as a linear function. - correct answer True.
T or F: A license fee is an example of an incremental cost. - correct answer False....
APSC 221 Multiple Choice
T or F: The general Price-Demand relationship can be expressed as a linear
function. - correct answer ✔True.
T or F: A license fee is an example of an incremental cost. - correct answer
✔False.
One reason why perfect monopolies rarely occur in practice is because: -
correct answer ✔Few products are so unique that substitutes cannot be
made.
T or F: The power-sizing technique is sometimes referred to as a linear model.
- correct answer ✔False.
T or F: CERs are excellent predictors of cost if they are correctly developed
from good historical data. - correct answer ✔True.
Which technique sums the product of several quantities or components and
adds these to any components estimated directly? - correct answer ✔Factor
technique.
_________________ is the use of historical cost data and statistical
techniques to predict future costs. - correct answer ✔Parametric cost
estimating.
T or F: The WBS is sometimes called a work element structure. - correct
answer ✔True.
, T or F: The conventional approach for computing interest is the compound
interest approach. - correct answer ✔True.
T or F: Compound interest takes the interest accumulated in one interest
period and adds it to the principle amount used to calculate interest in the next
period. - correct answer ✔True.
Mathematical equivalence is a consequence of the mathematical relationship
between ______________. - correct answer ✔Time and money.
The base unit of time over which an interest rate is calculated is called the
______________. - correct answer ✔Interest period.
Market equivalence is a consequence of the ability to ___________ one cash
flow for another at zero cost. - correct answer ✔Exchange.
Nominal interest rate is found by multiplying the _________________ by the
number of compounding periods per year. - correct answer ✔Interest rate
per compounding period.
T or F: The timing of cash flows is always simple and regular. - correct
answer ✔False.
T or F: An assumption required by the principle of discrete compounding is
that the compounding periods are of equal length. - correct answer ✔True.
To find the value, A, equivalent to a present amount, P, with a given interest
rate, i, and the number of periods over which this annuity will be paid, N, one
would use the ____________________ factor. - correct answer ✔Capital
recovery.
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