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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. If a university sets up a web-based information system that faculty could access to record student grades and to advise students, that would be an example of a/an
2. Group of assets falling within a class of assets comprising of tangible & intangible assets is known as :
3. A person leaves India permanently on 15-11-2008.The assessment year for income earned till 15-11-2008 in this case shall be :
4. DVD technology uses an optical media to store the digital data. DVD is an acronym for
5. An in depth study on a single organisation using a variety of data collection methods is known as
6. A couple wants to save for their daughter’s college expenses. The daughter will enter college 8 years from now and she will need $40,000, $41,000, $42,000, and $43,000 in actual dollars for 4 school years. Assume that these college payments will be made at the beginning of the school year. The future general inflation rate is estimated to be 6% per year and the annual inflation-free interest rate is 5%. What is the equal amount, in actual dollars, the couple must save each year until their daughter goes to college (for 8 years)?
7. Which of the following statements is correct?
8. The following infinite cash flow series has a rate of return of 10%. Determine the unknown value of X.
9. The everyday tasks of management include:
10. Centralised IT management system has
11. The consistency of data obtained from a particular research method is known as
12. Which is not a typical business function?
13. Decentralised IT management system best suited for
14. A new Laptop has been produced that weighs less, is smaller and uses less power than previous Laptop models.Which of the following technologies has been used to accomplish this?
15. A manufacturing company is considering the purchase of a new CNC lathe, which will cost $60,000 and has an annual maintenance cost of $8,000. A few parts in the lathe need to be replaced once every 5 years to enable smooth running of the lathe. This would cost an additional $20,000 (once every 5 years). Assuming that the lathe would last 15 years under these conditions, what is the total equivalent cost (present value) of this investment at an interest rate of 12%? (Assume that there will be no appreciable salvage value at the end of 15 years.)
16. Additional risk is not taken without an expected additional return of suitable magnitude
17. 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%.
18. Interest is the cost of moneyas a cost to the borrower and an earning to the lender
19. The following table contains a summary of how a project’s balance is expected to change over its 5 year service life at 10% interest.:Which of the following statements is incorrect?
20. What is the relationship between satisfaction and productivity, as suggested by research?
21. The term used to describe those people whose jobs involve sponsoring and funding the project to develop, operate, and maintain the information system is
22. In a Computer a byte generally consists of:
23. Which must be accomplished first by the entrepreneur or leader?
24. Consumer Price Index (CPI) Measures prices of typical purchases made by consumers, based on a typical market basket of goods and services required by average consumers
25. When was UIDAI established as Statutory Authority under Ministry of Electronics and I.T ?