APSC 221 Questions with complete solution 2024/2025
6 views 0 purchase
Course
APSC 221
Institution
APSC 221
APSC 221 Questions with complete solution 2024/2025 APSC 221 (Ozz)
Sunk costs should be included in an engineering economic analysis. - correct answer False
________ are costs that are difficult to attribute or allocate to a specific output or work activity. - correct answer Indirect cos...
APSC 221 (Ozz)
Sunk costs should be included in an engineering economic analysis. - correct
answer ✔False
________ are costs that are difficult to attribute or allocate to a specific output
or work activity. - correct answer ✔Indirect costs
Your company must decide what to do with an old pump it purchased 12
years ago. The pump hasn't been used for two years and is now in storage.
You have collected the following data;
Purchase price 12 years ago = $7,000
Storage costs to date = $500
Current price for a new pump = $12,000
Amount offered for the pump two years ago = $1,250
Best estimate of what the pump would bring today = $1,000
What is the opportunity cost associated with this pump? - correct answer
✔1000
The general Price-Demand relationship can be expressed as a linear function.
- correct answer ✔True
, 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
used.
An index is a dimensionless number that indicates how a cost or price has
changed with time with respect to a base year. - correct answer ✔True
Material costs are an example of costs that are typically included in an
engineering economy study. - correct answer ✔True
What does Cn stand for in the above equation?
C_n = C_k (I_n / I_k) - correct answer ✔Estimated cost of price of the item in
year being analyzed.
______ are used in the preliminary or conceptual design stage of a project. -
correct answer ✔Semi-detailed or budget estimates
The conventional approach for computing interest is the compound interest
approach. - correct answer ✔True
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
Decisional equivalence is a consequence of the __________ on the part of a
decision maker among available choices. - correct answer ✔Indifference
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 $13.49. You're not tied to anything after your purchase.
