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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. Which of the following is not a technology driver for an information system?
2. Which of the following is an open source software?
3. What must entrepreneurs and leaders learn in order to have a successful organisation?
4. How many years would it take an investment to double at 10% annual interest?
5. An investment project costs P. It is expected to have an annual net cash flow of 0.125P for 20 years. What is the project’s payback period?
6. ENGINEERING ECONOMICS INVOLVES
7. Bureaucracy theory means
8. What effect would have on the break-even point and expected profit if there is an increase in labor cost?
9. Which of the following statements is correct?
10. Consider the following two investment alternatives:Suppose that your firm needs either machine for only 2 years. The net proceeds from the sale of machine B are estimated to be $200. What should be the required net proceeds from the sale of machine A so that both machines could be considered economically indifferent at an interest rate of 10%?
11. An asset with a first cost of $100,000 is depreciated over 5-year period. It is expected to have a $10,000 salvage value at the end of 5 years. Using the straight-line method, what is the book value at the end of year 2?
12. If the machinery is purchased on 4th October, 2018 then at what rate depreciation will be provided on it?
13. The factors of time and uncertainty are the defining aspects of any engineering economic decisions
14. Your accounting records indicate that an asset in use has a book value of $8,640. The asset cost $30,000 when it was purchased, and it has been depreciated under the 5 MACRS method. Based on the information available, determine how many years the asset has been in service.
15. Depreciation available, if the asset is used for less than 180 days during the year of acquisition shall be of block rate:
16. Project Management ensures that
17. Decentralised IT management system has
18. Advantage of Decentralised IT management system is
19. Effective Interest Rate is Actual interest earned or paid in a year or some other time period
20. A person leaves India permanently on 15-11-2008.The assessment year for income earned till 15-11-2008 in this case shall be:
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. An organisation's plans are usually most specific at what level?
23. Constant (real) dollars reflect constant purchasing power independent of the passage of time
24. An investment project costs P. It is expected to have an annual net cash flow of 0.125P for 20 years. What is the project’s payback period?
25. If the Plant & Machinery is used for less than 180 days in the year of its acquisition, then, at what rate the depreciation on that asset should be provided under section 32?

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