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ChE Objectives > Day 3 Gen Engg > Flashcards

Day 3 Gen Engg Flashcards

1
Q

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

A

Interest

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2
Q

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

A

Payback period

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3
Q

Reduction in value and marketability due to competition from newest products

A

Obsolescence

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4
Q

Summary of assets, liabilities and net worth

A

Balance sheet

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5
Q

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

A

Earning value

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6
Q

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

A

Compound interest

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7
Q

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

A

Investment (daw)

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8
Q

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

A

Law of demand and supply

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9
Q

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

A

Salvage value

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10
Q

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

A

Depletion

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11
Q

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

A

Bond

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12
Q

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

A

Equity capital

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13
Q

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

A

Borrowed capital

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14
Q

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

A

Supply

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15
Q

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

A

Demand

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16
Q

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

A

Oligopoly

17
Q

Simplest form of business organization

A

Sole proprietorship

18
Q

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

A

Partnership

19
Q

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

A

Corporation

20
Q

Increase in the value of capital asset

A

Capital gain

21
Q

Reduction in the money value of a capital asset

A

Capital loss

22
Q

Difference between sales revenue and the cost of goods sold

A

Gross profit

23
Q

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

A

Hard currency

24
Q

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

A

Certificate of deposit

25
Q

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

A

Law of diminishing return

26
Q

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

A

Inelastic demand

27
Q

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

A

Perpetuity

28
Q

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

A

Economic life

29
Q

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

A

Kinetics

30
Q

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

A

Kinematics

31
Q

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

A

Newton’s 3rd Law

32
Q

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

A

Parallel forces

33
Q

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

A

Component

34
Q

Product of the mass of a body and its instantaneous velocity

A

Momentum

35
Q

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

A

Shearing stress

36
Q

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

A

Propped beam

37
Q

Point on the beam where the shear is zero

A

Maximum moment reaction

38
Q

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

A

Less than

39
Q

deals with analyzing stresses and deflections in materials under load

A

strength of materials

ChE Objectives (3 decks)

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