Q: major tools used for industrial analysis?
A: Industry analysis is a market assessment tool used by businesses and analysts to understand the…
Q: Give one example on how time value of money is applied in decision making.
A: The time value of money (TVM) is a useful tool in helping you understand the worth of money in…
Q: What are the positive and negative effect of economic factors to the operation system?
A: An economic factor is anything that might potentially change or affect a person's financial…
Q: How do personal issues affect an entrepreneur's business?
A: basically an entrepreneur is a person who is the sole leader of any enterprise. it is because of…
Q: why is measuring quality of life an important consideration when engaged in business ethics?
A: When it comes to health and well-being, World Health Organization defines the quality of life (QOL)…
Q: Solve in 30 minutes please
A: Given MARR = 12 % In incremental IRR analysis we take the project from lower value to higher value…
Q: Why are the economic engineers required to consider whether a company should buy equipment to…
A: For a firm, one of the decisions that it needs to take at some points is whether a company should…
Q: Discuss what you learned from the trip and how this experience impacts you. (100-150 words).
A: The list tabulated above gives an idea about the store visit that seems more likely to be…
Q: True or false? Explain your reasoning
A: Since the question you have posted consists of multiple parts, we will answer the first three parts…
Q: Engineers are called upon to participate in a variety of decision-making processes. What are they?
A: Decision making is a cognitive process of choosing a course of action, a tangible item for…
Q: Explain Types of Strategic Engineering Economic Decisions?
A: According to the engineering economic decision, all the investment decisions are related to…
Q: What is the role of an Engineer in Business?
A: In the market, people are working to earn wages and salaries by putting their efforts into the…
Q: Applying the concept of marginal costs, how would you, as a business owner, decide how much to…
A: There are basically two types of costs- fixed costs and variable costs. The variable cost refers to…
Q: What are the steps involved in the process for capital decision-making?
A: Capital decision-making:- A company's allocation of funds for the purchase of long-lived (long-term…
Q: What is a disadvantage to having a Command economy?
A: A command economy is an economic system where the government determines all economic decisions like…
Q: Explain the phrase - "Man must fit his technology with ecology."
A: Technology is widely acknowledged as the primary driver of economic growth in countries, regions,…
Q: How do economic engineers make Capital-Expenditure Decisions?
A: Capital-Expenditure Decisions are the decisions that are made regarding long term planned…
Q: Classify the Costs for Manufacturing Environments?
A: The classification cost for manufacturing environments is categorized with respect to nature is…
Q: What are the different types of costs?
A: Cost is the amount that has to spend for obtaining something. There are different types of costs;…
Q: What are the different types of Strategic Engineering Economic Decisions?
A: The business world is full of uncertainty which requires an investment and understanding of cost and…
Q: Economics How does research provide you with the knowledge and skills you need to solve management…
A: Research is the quest for knowledge, it provides the solutions for an inquiry that is strategically…
Q: Steve collects old synthesizers. One he bought a few years back for $3000 he's decided to sell. Over…
A: If Steve doesn't repair, he gets 3250 If Steve repairs before selling, he gets 3800. So, marginal…
Q: Show clear and detailed solutions
A: Inflation means the rise in the price level of goods and services over a period of time. It is the…
Q: How would society/world be impacted by lethal autonomous weapon systems?
A: Lethal autonomous weapons are a form of autonomous defence force that can find and engage targets on…
Q: Would this be a current example?
A: Homesteading is a situation when a person does not want to use money and thus, use barter system for…
Q: discuss gains can a general contractor in the building business get from web collaboration?
A: In the workplace web collaboration refers to the employment of internet-based technology to…
Q: Write the types of Strategic Engineering Economic Decisions?
A: According to the engineering economic decision, all the investment decisions are related to…
Q: recycler to open up a plant in town. How many days per week should the county open each center to…
A: The equations are as follows: min C = 40x+50ySubject to constraints:140x+100y≥1540or…
Q: What are the Different Techniques to compare multiple alternatives?
A: There are many techniques to compare multiple alternative. The best alternative is one which…
Q: 1.Quantity 2. Pnce 3. TR 4. Cost per unit 5 TC
A: The profit of a firm equals the total cost, which is the total cost incurred by the firm, subtracted…
Q: As a farmer, you must decide how many times during the year you will plant a new crop. Also, you…
A: The law of diminishing marginal returns states that the total output will increase with the increase…
Q: If a design will will it be perfect for everyone 
A: Frequently, we design items to suit our requirements, age grades, foundation, capacities,…
Q: How do you figure out opertunity cost?
A: Opportunity cost refers to the cost of the next best alternative that is foregone.
Q: Why should managers consider ethical relativism when doing business in a foreign country?
A: Business ethics alludes to executing appropriate business plans and practices as to putatively…
Q: Why do you need to learn engineering economy?
A: Engineering economics is a part of economics that is applied in various engineering projects. It is…
Q: Discuss the ethical principles in business.
A: The ethics in business implies general ideas of ethics to the behavior of the business. The ethics…
Q: How does a successful engineering project affect a firm's market value?
A: A successful engineering project result in an increase in the revenue and profit of the firm. Rise…
Q: What are the factors that influence a company’s cost ofcapital?
A: Cost of capital- It is the cost of the funds of a company or, from the point of view of an investor,…
Q: Why we need to learn engineering economy?
A: Engineering economics helps in learning the importance o mathematical tools in decision making. It…
Q: How might corporation's incorporate sustainability business practices into their business ?
A: Today's organisations understand the value of incorporating social, environmental, and governance…
Q: Why Do We Need to Use Cash Flows in Economic Analysis?
A: Cash flow is the movement (inflow and out flow) of cash or amount of cash that received or spend…
Q: what tools and techniques are available for economic engineers to improve a firm's profits?
A: There are many tools and techniques available which is used by the engineers to improve firm's…
Q: Why being an OFW considered a choice and not an option?
A: There are many reasons that we can consider while considering the workers of the Philippines to work…
Q: Describe the Trial and Error Process?
A: Answer - Trial and Error Process - This is problem solving method under this individual use multiple…
Q: Why underground economy is bad?
A: An underground economy signifies the economic transactions not gauged by government statistics. It…
How do economic engineers make typical personal decisions?
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