Keynes law states that demand creates its own supply and applies to economies in the short-run

Select one:

True

False

Engineering economics can help answer all of the following questions except:

Select one or more:

a.

How long will it take before I have $1,000,000 in my bank account?

b.

How can I maintain a high standard of on-the-job safety for my employees?

d.

Shall I lease or buy a backhoe for my construction company?

e.

Which project/alternative is more economical?

What is the simplest form of business organization?

Select one:

a.

Joint venture

b.

Partnership

c.

Sole proprietership

d.

Corporation

All of the following are examples of unethical practices in engineering economics except which one?

Select one:

a.

When weighing alternatives, using optimistic estimates for one alternative while using pessimistic estimates for others

b.

Identifying all feasible alternatives for a given project

c.

Using faulty or inaccurate data

d.

Failing to bring attention to a potential safety problem in construction due to fear of retribution