Chemical Engineering > GATE 2016 > Economics Terms
Terms used in engineering economics have standard definitions and interpretations. Which one of the following statements is INCORRECT?
A
(A) The profitability measure ‘return on investment’ does not consider the time value of money
B
(B) A cost index is an index value for a given time showing the cost at that time relative to a certain base time
C
(C) The ‘six-tenths factor rule’ is used to estimate the cost of an equipment from the cost of a similar equipment with a different capacity
D
(D) Payback period is calculated based on the payback time for the sum of the fixed and the working capital investment

Correct : d

Similar Questions

Inhaling the smoke from a burning _________ could _________ you quickly.
#2 MCQ
A sphere of radius 𝑟 cm is packed in a box of cubical shape. What should be the minimum volume (in cm3 ) of the box that can enclose the sphere?
#3 MCQ
Pipes P and Q can fill a storage tank in full with water in 10 and 6 minutes, respectively. Pipe R draws the water out from the storage tank at a rate of 34...
#4 MCQ

Related Topics

No tags found

Unique Visitor Count

Total Unique Visitors

Loading......

Question Options

Contributed by: