Day 3 Gen Engg

Question 1

Cost item in which common both the fixed and operating cost of an enterprise

Answer 1

Interest

Question 2

Length in time for the cumulative net annual profit to equal the investment

Answer 2

Payback period

Question 3

Reduction in value and marketability due to competition from newest products

Answer 3

Obsolescence

Question 4

Summary of assets, liabilities and net worth

Answer 4

Balance sheet

Question 5

Worth of property which is equal to the original cost less depreciation

Answer 5

Earning value

Question 6

Type of interest that is periodically added to the amount of loan which is based on cumulative amount

Answer 6

Compound interest

Question 7

Output or sales at which income is insufficient to equal operating cost

Answer 7

Investment (daw)

Question 8

The price at which a given product will be supplied and purchased is the price that will result in the supply and the demand being equal

Answer 8

Law of demand and supply

Question 9

An estimate of an asset’s net market value at the end of its estimated life

Answer 9

Salvage value

Question 10

Lessening of the value of an asset value due to a decrease in the quantity available as a coal, oil and timber in forests

Answer 10

Depletion

Question 11

A certificate of indebtedness of a corporation usually for a period of net loss that ten years and guaranteed by a mortgage on certain assets of the corporation or its subsidiaries

Answer 11

Bond

Question 12

Funds supplied and used by owners of an enterprise in the expectation that profit will be earned

Answer 12

Equity capital

Question 13

Funds supplied by others on which a fixed rate of interest must be paid and the debt be repaid at a specific place and time

Answer 13

Borrowed capital

Question 14

Quantity of a certain commodity that is offered for a sale at a certain price at a given place and time

Answer 14

Supply

Question 15

Quantity of a certain commodity that is bought at a certain price at a given place and time

Answer 15

Demand

Question 16

A condition where only few individuals produce a certain product that action of one will lead to almost the same action by the other

Answer 16

Oligopoly

Question 17

Simplest form of business organization

Answer 17

Sole proprietorship

Question 18

An association of two or more persons for a purpose of engaging in a profitable business

Answer 18

Partnership

Question 19

A distinct legal entity which can practically transact any business transaction which a real person could do

Answer 19

Corporation

Question 20

Increase in the value of capital asset

Answer 20

Capital gain

Question 21

Reduction in the money value of a capital asset

Answer 21

Capital loss

Question 22

Difference between sales revenue and the cost of goods sold

Answer 22

Gross profit

Question 23

A currency traded in a foreign exchange market for which the demand is consistently high in relation to its supply

Answer 23

Hard currency

Question 24

Negotiable claim issued by a bank in lieu of a term deposit

Answer 24

Certificate of deposit

Question 25

When one of the factors of production is fixed in quantity or is difficult to increase, increasing the other factors of production will result in a less than proportionate increase in output. This law is

Answer 25

Law of diminishing return

Question 26

It occurs when the mathematical product of price and volume of sales remains constant regardless of any change in price

Answer 26

Inelastic demand

Question 27

It is an annuity where the payment period extends forever or in which the periodic payment continue indefinitely

Answer 27

Perpetuity

Question 28

It is the span of life of an equipment during which it produces the product it is designed to produce a profit

Answer 28

Economic life

Question 29

It is the study of the changes in motion of rigid bodies produced by an unbalanced force system, and of the means of determining the forces required to produce any desired change in its motion

Answer 29

Kinetics

Question 30

A branch of mechanics which deals with the study of motion without consideration of the forces causing the motion

Answer 30

Kinematics

Question 31

This law states that in every action there is an opposite and equal reaction

Answer 31

Newton's 3rd Law

Question 32

These are systems of forces whereby all forces don't meet even if they are extended along their line of axis

Answer 32

Parallel forces

Question 33

These are two or more forces which has the same effect as that of a single force

Answer 33

Component

Question 34

Product of the mass of a body and its instantaneous velocity

Answer 34

Momentum

Question 35

When the force is divided by the resisting are parallel to it

Answer 35

Shearing stress

Question 36

It is a beam where one end is fixed or restrained and the other end is simply supported

Answer 36

Propped beam

Question 37

Point on the beam where the shear is zero

Answer 37

Maximum moment reaction

Question 38

Inelastic collision is a collision in which the total kinetic energy after the collision is ___ before collision

Answer 38

Less than

Question 39

deals with analyzing stresses and deflections in materials under load

Answer 39

strength of materials