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Engineering Economy

In case of bankruptcy of a partnership________________?

Civil Engineering Mcqs, Engineering Economy /
In case of bankruptcy of a partnership________________?

A. The partners are not liable for the liabilities of the partnership
B. The partnership assets (excluding the partners personal assets) only will be used to pay the liabilities
C. The partners personal assets are attached to the debt of the partnership
D. The partners nay sell stock to generate additional capital

In case of bankruptcy of a partnership________________? Read More »

Civil Engineering Mcqs, Engineering Economy

Is an artificial being created by operation of law, having the right of succession and the process, attributes and properties expressly authorized by the law or incident to its existence ?

Civil Engineering Mcqs, Engineering Economy /
Is an artificial being created by operation of law, having the right of succession and the process, attributes and properties expressly authorized by the law or incident to its existence ?

A. Corporation
B. Property
C. Partnership
D. Organization

Is an artificial being created by operation of law, having the right of succession and the process, attributes and properties expressly authorized by the law or incident to its existence ? Read More »

Civil Engineering Mcqs, Engineering Economy

A form of business organization in which a person conducts his business alone and entirely for his own profit, being solely responsible for all its activities and liabilities ?

Engineering Economy /
A form of business organization in which a person conducts his business alone and entirely for his own profit, being solely responsible for all its activities and liabilities ?

A. Sole proprietorship
B. Entrepreneurship
C. Partnership
D. Corporation

A form of business organization in which a person conducts his business alone and entirely for his own profit, being solely responsible for all its activities and liabilities ? Read More »

Engineering Economy

What is the main reason why the sinking fund method of computing depreciation is seldom used in the industry ?

Engineering Economy /
What is the main reason why the sinking fund method of computing depreciation is seldom used in the industry ?

A. Unstable economy
B. Rate of interest cannot be exactly determined
C. The initial deprecation is high
D. The initial depreciation is low

What is the main reason why the sinking fund method of computing depreciation is seldom used in the industry ? Read More »

Engineering Economy