chapter 1 quiz.docx - Review Test Submission Quiz 1 Intro to Engineering Economics(Chapter 1 Course Test Status Attempt Score Fall Cost Capital Project

chapter 1 quiz.docx - Review Test Submission Quiz 1 Intro...

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Review Test Submission: Quiz 1 - Intro to Engineering Economics (Chapter 1) Course Fall Cost Capital Project Analysis - ITEC 3800 Test Quiz 1 - Intro to Engineering Economics (Chapter 1) Status Completed Attempt Score 90 out of 100 points Question 1 10 out of 10 points A company makes engines for cars. The company buys castings from outside for $150. Doing an analysis it has found that if they start making the castings, it will save them $10. Of the cost of $140 that they anticipate for the casting per unit, they estimate $50 will be material, $60 will be labor, and $30 will be overhead. Should they make the decision to start making the castings? It seems like a good idea but it would be good to know if they can really save $10 per casting. Sometimes getting into a new product line may have costs that are not known upfront Question 2 10 out of 10 points Management accounting is concerned with the accounting of manager expenses. false Question 3 0 out of 10 points The more the risk, the more can be the expectation of reward. false Question 4 10 out of 10 points Syllabus question: My office hours are Thursday's from 7pm to 8pm in WebEx? true Question 5 10 out of 10 points
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A dollar today is worth less than a dollar tomorrow! false Question 6 10 out of 10 points Syllabus question: It is highly recommended that online students attend the live WebEx Meeting sessions or view the saved sessions for all classes. True Question 7 10 out of 10 points Syllabus question: The exams are proctored, but the quizzes are not?
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  • Spring '14
  • MerwanB.Mehta

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