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Information Systems And Engineering Economics Practice Test Questions
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A system is a group of interacting or interrelated elements that act according to a set of rules to form a unified whole. 
An 'information system' means a discrete set of information resources organized for the collection, processing, maintenance, use, sharing, dissemination, or disposition of information.

Engineering economics, previously known as engineering economy, is a subset of economics concerned with the use and "...application of economic principles" in the analysis of engineering decisions.
 

Information Systems And Engineering Economics Practice Test Questions
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25 Questions

1. The average starting salary for engineers for 2008 is $53,000. What is the equivalent salary in terms of purchasing power of 2000? Assume that the general inflation rate over the last 8 years is known to be 4%.
2. For an industrial undertaking fulfilling the conditions, additional depreciation in respect of a machinery costing Rs.10 lakh acquired and installed on October 3, 2005 is
3. Find the net present worth of the following cash flow series at an interest rate of 10%
4. Which must be accomplished first by the entrepreneur or leader?
5. Suppose that you invest $1 for 1 year at 18% compounded monthly. How much interest would you earn?
6. Consider a machine that costs $20,000 and has a five-year useful life.At the end of the five years, it can be sold for $4,000 after all tax adjustments have been factored in. If the firm could earn an after-tax revenue of $4,400 per year with this machine, should it be purchased at an interest rate of 10%? (All benefits and costs associated with the machine are accounted for in these figures.)
7. Nominal Interest Rate is Interest rate quoted based on an annual period
8. A person leaves India permanently on 15-11-2008.The assessment year for income earned till 15-11-2008 in this case shall be :
9. operational decisions are
10. The IT infrastructure consists of broad categories of components:
11. A plan for receipts or disbursements (An) that yields a particular cash flow pattern over a specified length of time is called monthly equal payment
12. When was UIDAI established as Statutory Authority under Ministry of Electronics and I.T ?
13. Information systems that support the business functions that reach out to suppliers are known as:
14. With regard to a word processing software, the process of combining static information in a publication together with variable information in a data source to create one merged publication is called
15. Which must be accomplished first by the entrepreneur or leader?
16. Virus:
17. To improve the performance of a business process, which of the following is most relevant?
18. Virus is a
19. What effect would have on the break-even point and expected profit if there is an increase in sales expense?
20. Satisfaction is defined as positive feelings people have about an organisation whether as a/an
21. Managing strategy involves the craft of
22. 'Doing the right things' is referred to as ____________.
23. The factors of time and uncertainty are the defining aspects of any engineering economic decisions
24. Resident is an individual who has resided in India for a period or periods amounting in all to ___ days or more in the twelve months immediately preceding the date of application for Aadhaar Enrollment/Update.
25. An organisation's plans are usually most specific at what level?

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