Interest Computation Quiz

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to Lesson

Podcast

Play an AI-generated podcast conversation about this lesson
Download our mobile app to listen on the go
Get App

Questions and Answers

What is accounting often referred to as?

  • The language of business (correct)
  • The heart of finance
  • The foundation of economics
  • The backbone of business

Which of the following is not a part of the accounting process?

  • Summarizing transactions
  • Designing engineering systems (correct)
  • Identifying economic activities
  • Classifying data

What does an engineer need to do in relation to accounting when preparing economy studies?

  • Prepare cost estimates
  • Select designs and procedures
  • Provide technical support
  • Reconcile with the book of accounts (correct)

Which concept in engineering economy requires consideration of the time value of money?

<p>Compound interest (C)</p> Signup and view all the answers

What does the time value of money concept focus on?

<p>Effects of time on the earning power of money (C)</p> Signup and view all the answers

Which activity is NOT part of the accounting practice mentioned in relation to engineering projects?

<p>Design selection for projects (A)</p> Signup and view all the answers

What must an engineer be familiar with when reconciling with the book of accounts according to the text?

<p>Assets, liabilities, expenses, and income (D)</p> Signup and view all the answers

Flashcards are hidden until you start studying

More Like This

Sample Estimation Computation
18 questions
Q1 for Blackboard with Simple Interest
50 questions
Use Quizgecko on...
Browser
Browser