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APSC 221 Questions with complete solution 2024/2025

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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 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; Purchas...

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APSC 221 Question and answers correcty solved 2024/2025

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APSC 221 Question and answers correcty solved 2024/2025 APSC 221 - ENGINEERING ECONOMICS Queen's University fixed costs - correct answer those unaffected by changes in activity level over a feasible range of operations for the capacity/capability available variable costs - correct answer those associated with an operation that vary with the quantity of output or other measures of activity level incremental costs - correct answer the additional cost (or revenue) that results f...

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APSC 221 Quiz Multiple Choice Question and answers correctly solved 20224/2025

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APSC 221 Quiz Multiple Choice Question and answers correctly solved 20224/2025 APSC 221 Quiz Multiple Choice indirect costs - correct answer costs that are difficult to attribute or allocate to a specific output or work activity present economy studies - correct answer when alternatives for accomplishing a specific task are being compared over one year or less (i.e. the time value of money is ignored) parametric cost estimating - correct answer the use of historical cost data an...

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APSC 221 Multiple Choice Question and answers verified to pass 2024/2025

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APSC 221 Multiple Choice Question and answers verified to pass 2024/2025 APSC 221 Multiple Choice (Midterm 2) capital purchases cannot - correct answer be fully claimed as an expense in the year in which the purchase occured savings - correct answer increase the profits of a firm and therefore they are taxed progressive tax rate - correct answer personal income taxes usually exhibit a _________ effective cost of purchasing an asset - correct answer less than its first cost ...

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APSC 221 Multiple Choice Question and answers already passed 2024/2025

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APSC 221 Multiple Choice Question and answers already passed 2024/2025 APSC 221 Multiple Choice T or F: The general Price-Demand relationship can be expressed as a linear function. - correct answer True. T or F: 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 made. T or F: The power-sizing technique is someti...

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APSC 221 Midterm 2 Question and answers already passed 2024/2025

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APSC 221 Midterm 2 Question and answers already passed 2024/2025 APSC 221 Midterm 2 - Replacement Decisions The Four Mutually Exclusive Choices of Evaluation - correct answer 1. An existing asset may be kept in its current use without major change 2. An existing asset may be overhauled to improve performance. 3. An existing asset may be removed without replacement. 4. An existing asset may be replaced with another asset. The Defender - correct answer The existing physical asset. ...

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APSC 221 Midterm 2 Question and answers 100% correct 2024/2025

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APSC 221 Midterm 2 Question and answers 100% correct 2024/2025 APSC 221 Midterm 2 - Change Management Types of Change - correct answer Transformational, Bounded, and Deliverable-Led Transformational Change - correct answer A type of change whose intention is to result in large improvements in performance. Usually takes years. Bounded Change - correct answer A type of change whose intention is typically to become more efficient. Similar to transformational, but more limited. Usual...

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APSC 221 Midterm 2 Question and answers 100% correct 2024/2025

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APSC 221 Midterm 2 Question and answers 100% correct 2024/2025 APSC 221 Midterm 2 - Inflation Inflation Rate - correct answer The rate of increase in averages prices of goods and services over a given time period. Basket - correct answer The goods and services most people use. Consumer Price Index (CPI) - correct answer Indicates the number of dollars needed in that year to buy the basket of goods that cost the amount it had cost in the base year. What To Do If Expected Inflat...

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APSC 221 Midterm 2 Flashcards Question and answers rated A+ 2024/2025

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APSC 221 Midterm 2 Flashcards Question and answers rated A+ 2024/2025 APSC 221 Midterm 2 Flashcards Taxes - correct answer - The most significant kind of tax of economic comparisons is income tax - Income taxes provide governments a portion of net income received by an individual or corporation - Income taxes are the main source of revenue for federal and provincial governments and pay for social services, health services, infrastructure such as highways and dams, the military and other ...

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APSC 221 Midterm 1 Questions with complete solution 2024/2025

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APSC 221 Midterm 1 Questions with complete solution 2024/2025 APSC 221 Midterm 1 Fixed costs - correct answer Unaffected by changes in activity level over a feasible range of operations for the capacity or capability available Variable costs - correct answer Associated with an operation that varies with the quantity of output or the measures of activity level Incremental costs - correct answer The additional cost that results from increasing the output of a system E.g. equipment...

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