APSC 221 Multiple Choice Question and answers already passed 2024/2025
0 view 0 purchase
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.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Carzola98. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.99. You're not tied to anything after your purchase.
