APSC 221 Question and answers rated A+ 2024/2025 APSC 221
The CCA system specifies the (INSERT) rate a firm can use to depreciate its assets for tax purposes, known as the CCA rate - correct answer Maximum
The general Price-Demand relationship can be expressed as a linear function. - corre...
APSC 221
The CCA system specifies the (INSERT) rate a firm can use to depreciate its
assets for tax purposes, known as the CCA rate - correct answer ✔Maximum
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
What alternatives for accomplishing a specific task are being compared over
one year or less they can be referred to as: - correct answer ✔Present
economic studies
Sunk costs should be included in an engineering economic analysis. - correct
answer ✔False
Working capital refers to the funds required for current assets that are needed
for the start-up and support of operational activities - correct answer ✔True
What are costs that are difficult to attribute or allocate to a specific output or
work activity? - correct answer ✔Indirect costs.
One reason why perfect monopolies rarely occur in practice is because: -
correct answer ✔Few products are so unique that substitutes cannot be
used.
The power-sizing technique is sometimes referred to as a linear model. -
correct answer ✔False
, 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
What does Cn stand for in the equation? - correct answer ✔Estimated cost
of price of the item in year being analyzed.
What is the use of historic cost data and statistical techniques to predict future
costs called? - correct answer ✔Parametric cost estimating
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
The WBS is sometimes called a work element structure. - correct answer
✔True
Compound interest takes the interest accumulated in one interest period and
adds it to the principle amount amount used to calculate interest in the next
period. - correct answer ✔True
The conventional approach for computing interest is the compound interest
approach. - correct answer ✔True
Mathematical equivalence is a consequence of the mathematical relationship
between? - correct answer ✔Time and money
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