ECON | 暗記メーカー

暗記メーカー

ECON

51問 • 1年前

Sabrina Mikhaela Canindo

問題一覧

1

The science which studies human behavior as a relationship between ends and scarce means which have alternative uses.

Lionel Robbins, Economics

2

Comes in whenever more of one thing means less of another.

Fritz Machlup, Economics

3

The study of the use of scarce resources to satisfy unlimited human wants.

Richard Lipsey, Economics

4

The dollars and cents side of the decisions that engineers make or recommend as they work to position a firm to be profitable in a highly competitive marketplace.

William G. Sullivan, Elin M. Wicks C., Patrick Koelling, Engineering Economy

5

The analysis and evaluation of the factors that will affect the economic success of engineering projects to the end that a recommendation can be made which will ensure the best we of capital.

Hipolito B. Sta. Maria, Engineering Economy

6

Are those products or services that are required to support human life and activities, that will be purchased in somewhat the same quantity even though the price varies considerably.

Necessities

7

Are those products or services that are desired by humans and will be purchased if money is available after the required necessities have been obtained.

Luxuries

8

The quantity of a certain commodity that is bought at a certain price at a given place and time.

Demand

9

The quantity of a certain commodity that is offered for sale at a certain price at a given place and time.

Supply

10

All gifts of nature, such as: water, air, minerals, sunshine, plant and tree growth, as well as the land itself which is applied to the production process.

Land

11

The efforts, skills and knowledge of people which are applied to the production process.

Labor

12

Tools, buildings, machinery or things which have been produced which are used in further production.

Real Capital

13

Assets and money which are used in the production process.

Financial Capital

14

Education and training applied to labor in the production proccess.

Human Capital

15

A person or individual who wants to supply the product to the market, in order to make profit.

Entrepreneur

16

Usually invest their own capital in their business.

Entrepreneur

17

Carefully define the problem. Then the choice (decision) is among alternative. The alternatives need to be identified and then defined for subsequent analysis.

Develop the Alternatives

18

Only the differences in expected future outcomes among the alternatives are relevant to their comparison and should be considered in the decision.

Focus on the Differences

19

The prospective outcomes of the alternatives, economic and other, should be consistently developed from a defined viewpoint (perspective).

Use a Consistent Viewpoint

20

Used to enumerate as many of the prospective outcomes as possible will simplify the analysis of the alternatives.

Use a Common Unit of Measure

21

Selection of preferred alternative (decision maning) requires the use of a criterion (or several criteria.

Consider All Relevant Criteria

22

Are inherent in estimating the future outcomes of the alternatives and should be recognized in their analysis and comparison

Make Risk and Uncertainty Explicit

23

Improved decision-making results from an adaptive process; to the extent practicable, the initial projected outcomes of the selected alternative should be subsequently compared with actual results achieved.

Revisit Your Decision

24

Is the amount of money paid for the use of borrowed capital or the income produced by money which has been loaned.

Interest

25

Is calculated using the principal only, ignoring any interest that had been accrued in preceding periods.

Simple Interest

26

Is paid on short-term loans in which the time of the loan is measured in days.

Simple Interest

27

Is computed on the basis of 12 months of 30 days each or 360 days a year.

Ordinary Simple Interest

28

Is based on the exact number of days in a year, 365 days for an ordinary year and 366 days for a leap year.

Exact Simple Interest

29

Interest on top of interest.

Compound Interest

30

The cost of borrowing money.

Rate of Interest

31

The amount earned by a unit principal per unit time.

Rate of Interest

32

Specifies the rate of interest and a number of interest periods in one year.

Nominal Rate of Interest

33

The actual or exact rate of interest on the principal during one year.

Effective Rate of Interest

34

Interest earned in one year/ principal at the beginning of the year.

Effective Rate

35

Obtained by setting the sum of the values on a certain comparison or focal date of one set of obligations equal to the sum of the values on the same date of another set of obligations.

Equation of Value

36

The interest is compounded at the end of each finite-length period, such as a month, a quarter or a year.

Discrete Compounding

37

Is assumed that cash payments occur once per year, but the compounding is continuous throughout the year.

Continuous Compounding

38

__ on a negotiable paper is the difference between the present worth (the amount received for the paper in cash) and the worth of the paper at some time in the future (the face value of the paper or principal).

Discount

39

Interest paid in advance.

Discount

40

The discount on one unit of principal for one unit of time.

Rate of Discount

41

The increase in the prices for goods and services from one year to another, thus decreasing the purchasing power of money.

Inflation

42

The buying power of money decreases as costs increase.

Inflationary Economy

43

Is a series o equal payments occuring at equal periods of time.

Annuity

44

One where the payments are made at the end of each period.

Ordinary Annuity

45

(A/P, i%, n)

Capital Recovery Factor

46

(A/F, i%, n)

Sinking Fund Factor

47

One where the first payment is made several periods after the beginning of the annuity.

Deferred Annuity

48

One where the payments are made at the beginning of each period.

Annuity Due

49

One where the payments continue indefinitely.

Perpetuity

50

One of the most important applications of perpetuity.

Capitalized Cost

51

The sum of the first cost and the present worth of all costs of replacement, operation and maintenance for a long time or forever.

Capitalized Cost

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JAMES

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問題一覧

1

The science which studies human behavior as a relationship between ends and scarce means which have alternative uses.

Lionel Robbins, Economics

2

Comes in whenever more of one thing means less of another.

Fritz Machlup, Economics

3

The study of the use of scarce resources to satisfy unlimited human wants.

Richard Lipsey, Economics

4

The dollars and cents side of the decisions that engineers make or recommend as they work to position a firm to be profitable in a highly competitive marketplace.

William G. Sullivan, Elin M. Wicks C., Patrick Koelling, Engineering Economy

5

The analysis and evaluation of the factors that will affect the economic success of engineering projects to the end that a recommendation can be made which will ensure the best we of capital.

Hipolito B. Sta. Maria, Engineering Economy

6

Are those products or services that are required to support human life and activities, that will be purchased in somewhat the same quantity even though the price varies considerably.

Necessities

7

Are those products or services that are desired by humans and will be purchased if money is available after the required necessities have been obtained.

Luxuries

8

The quantity of a certain commodity that is bought at a certain price at a given place and time.

Demand

9

The quantity of a certain commodity that is offered for sale at a certain price at a given place and time.

Supply

10

All gifts of nature, such as: water, air, minerals, sunshine, plant and tree growth, as well as the land itself which is applied to the production process.

Land

11

The efforts, skills and knowledge of people which are applied to the production process.

Labor

12

Tools, buildings, machinery or things which have been produced which are used in further production.

Real Capital

13

Assets and money which are used in the production process.

Financial Capital

14

Education and training applied to labor in the production proccess.

Human Capital

15

A person or individual who wants to supply the product to the market, in order to make profit.

Entrepreneur

16

Usually invest their own capital in their business.

Entrepreneur

17

Carefully define the problem. Then the choice (decision) is among alternative. The alternatives need to be identified and then defined for subsequent analysis.

Develop the Alternatives

18

Only the differences in expected future outcomes among the alternatives are relevant to their comparison and should be considered in the decision.

Focus on the Differences

19

The prospective outcomes of the alternatives, economic and other, should be consistently developed from a defined viewpoint (perspective).

Use a Consistent Viewpoint

20

Used to enumerate as many of the prospective outcomes as possible will simplify the analysis of the alternatives.

Use a Common Unit of Measure

21

Selection of preferred alternative (decision maning) requires the use of a criterion (or several criteria.

Consider All Relevant Criteria

22

Are inherent in estimating the future outcomes of the alternatives and should be recognized in their analysis and comparison

Make Risk and Uncertainty Explicit

23

Improved decision-making results from an adaptive process; to the extent practicable, the initial projected outcomes of the selected alternative should be subsequently compared with actual results achieved.

Revisit Your Decision

24

Is the amount of money paid for the use of borrowed capital or the income produced by money which has been loaned.

Interest

25

Is calculated using the principal only, ignoring any interest that had been accrued in preceding periods.

Simple Interest

26

Is paid on short-term loans in which the time of the loan is measured in days.

Simple Interest

27

Is computed on the basis of 12 months of 30 days each or 360 days a year.

Ordinary Simple Interest

28

Is based on the exact number of days in a year, 365 days for an ordinary year and 366 days for a leap year.

Exact Simple Interest

29

Interest on top of interest.

Compound Interest

30

The cost of borrowing money.

Rate of Interest

31

The amount earned by a unit principal per unit time.

Rate of Interest

32

Specifies the rate of interest and a number of interest periods in one year.

Nominal Rate of Interest

33

The actual or exact rate of interest on the principal during one year.

Effective Rate of Interest

34

Interest earned in one year/ principal at the beginning of the year.

Effective Rate

35

Obtained by setting the sum of the values on a certain comparison or focal date of one set of obligations equal to the sum of the values on the same date of another set of obligations.

Equation of Value

36

The interest is compounded at the end of each finite-length period, such as a month, a quarter or a year.

Discrete Compounding

37

Is assumed that cash payments occur once per year, but the compounding is continuous throughout the year.

Continuous Compounding

38

__ on a negotiable paper is the difference between the present worth (the amount received for the paper in cash) and the worth of the paper at some time in the future (the face value of the paper or principal).

Discount

39

Interest paid in advance.

Discount

40

The discount on one unit of principal for one unit of time.

Rate of Discount

41

The increase in the prices for goods and services from one year to another, thus decreasing the purchasing power of money.

Inflation

42

The buying power of money decreases as costs increase.

Inflationary Economy

43

Is a series o equal payments occuring at equal periods of time.

Annuity

44

One where the payments are made at the end of each period.

Ordinary Annuity

45

(A/P, i%, n)

Capital Recovery Factor

46

(A/F, i%, n)

Sinking Fund Factor

47

One where the first payment is made several periods after the beginning of the annuity.

Deferred Annuity

48

One where the payments are made at the beginning of each period.

Annuity Due

49

One where the payments continue indefinitely.

Perpetuity

50

One of the most important applications of perpetuity.

Capitalized Cost

51

The sum of the first cost and the present worth of all costs of replacement, operation and maintenance for a long time or forever.

Capitalized Cost