Engineering Economics and Management, Laws and Ethics Mock Examination

mock ecam sa arilaws and econ

Php 2,090.00

Find the simple interest on Php 8,000 at 5.5 % simple interest for 4 years and 9 months.

Php 2,400.00

A housewife bought a brand new washing machine costing Php 12,000 if paid in cash. However, she can purchase it on installment basis to be paid within 5 years. If money is worth 8% compounded annually, what is her yearly amortization if all payments are to be made at the beginning of each year?

Php 2,160.00

A deposit of Php 1,000 is made in a bank account that pays 8% interest compounded annually. Approximately how much money will be in the account after 10 years?

0.1889

A unit of welding machine cost Php 45,000 with an estimated life of 5 years. Its salvage value is Php 2,500. Find its depreciation rate by Straight Line Method. 

0.19

A man borrowed Php 20,000 from a local commercial bank which has a simple interest of 16% but the interest is to be deducted from the loan at the time tha00t the money was borrowed and the loan is payable at the end of one year. How much is the actual rate of interest?

0.1628

It is the practice of almost all banks in the Philippines that when they grant a loan, the interest for one year is automatically deducted from the principal amount upon release of money to a borrower. Let us therefore assume that you applied for a loan with a bank and therefore assume that you applied for a loan with a bank and the P80,000 was approved at an interest rate of 14% of which P11,200 was deducted and you were given a check of P68,800. Since you have to pay the amount of P80,000 one year after, what then will be the effective interest rate?

0.1255

A man borrowed Php 100,000 at the interest rate of 12% per annum, compounded quarterly. What is the effective rate?

Php 1,101.08

A man purchased on monthly installment a Php 100,000 worth of land. The interest rate is 12% and payable in 20 years. What is the monthly amortization? 

Php 6,040.20

If Php 5,000.00 shall accumulate for 10 years at 8% compounded quarterly, find the compounded interest at the end of 10 years.

Php 621,170

Php 200,000 was deposited on January 1 1988 at an interest rate of 24% compounded semi-annually. How much would be the sum on January 1 1993?

Php 143,999.08

A person buys a piece of lot for Php 100,000 DP and 10 deferred semi-annual payments of Php 8,000 each, starting three years from now. What is the present value of the investment if the rate of interest is 12% compounded semi-annually?

Php 5,500

On his 6th birthday a boy is left an inheritance. The inheritance will be paid in a lumpsum of Php 10,000 on his 21st birthday. What is the present value of the inheritance as of the boy?s 6th birthday, if the interest is compounded annually? Assume i= 4%.

Php 857.00

A company purchases an asset for Php 10,000 and plans to keep it for 20 years. If the salvage value is zero at the end of 20th year, what is the depreciation in the third year? Use SYD method. 

0.3225

A machine costing Php 45,000 is estimated to have a book value of Php 4,350 when retired at the end of 6 years. Depreciation cost is computed using a constant percentage of the declining book value. What is the annual rate of depreciation in %?

Oligopsony

What do you call the market situation categorized of having few buyers and many sellers?

Demand

The quantity of a certain commodity that is bought at a certain price at a given time and place is known as __________.

Bookkeeping System

What is used to record historical financial transactions?

Book Value

The worth of a depreciable property as shown on the accounting records of a company. 

Declining Balance

Methods of depreciation that is not applicable if the salvage value of the equipment is zero.

3.8

For normal category aircraft, positive limit maneuvering load factor must not exceed

Accountable Manager

The manager who has corporate authority for ensuring that all maintenance, preventive maintenance and modification required by the aircraft owner/operator can be financed and carried out to the standard required by the Authority?

State of Manufacture

The State having jurisdiction over the organization responsible for the final assembly of the aircraft

Pier

An airport terminal design that uses a small, narrow building with aircraft parked on both sides.

Airworthiness Directives

It is a notification to owners and operators of certified aircraft that a known safety deficiency with a particular model of aircraft, engine, avionics or other system exists and must be corrected?

Primary Airports

These are Commercial Service Airports that have more than 10,000 passengers boarding each year.

Shall

It indicates a mandatory requirement.

Cat. A, B1, B2, and C

What are the categories according to JAR-66?

Proof of Reciprocity

What document must a foreigner submit to qualify to take the written examination prior to registration for the practice of Aeronautical Engineering?

14 CFR Part 43

Each person performing an annual or 100-hour inspection shall use a checklist that contains at least those items in the appendix of _____.

3

The Board of Aeronautical Engineering under the Professional Regulation Commission is composed of how many members?

1

Which EASA Form states that a product, a part, or a component was manufactured in accordance with an approved design data.

Maintenance Procedures Manual

Per PCAR Part 6, it specifies the scope of work required of the AMO in order to satisfy the relevant requirements needed for an approval of an aircraft or aeronautical product for return to service.

3

Bombardier Q400 can carry 90 passengers. How many portable fire extinguishers should be present in the airplane?

operator

Safe operation of the aircraft is the responsibility of the _____.

Satellite

This airport terminal has a building detached from other airport buildings, so that aircraft can park around its entire circumference.

Shockwaves

The _____ in the seal of an Aeronautical Engineer symbolizes that aeronautical engineering is a dynamic and progressive profession?

Rome Convention

Which convention deals with the unification of rules related to damage caused by aircraft to third parties on the surface?

21

14 CFR Part _____ prescribes the certification process of products and parts?

VMC

Which denotes the calibrated airspeed at which, when the critical engine is suddenly made inoperative, it is possible to maintain control of the airplane?

Supplemental Type Certificate

It defines the product design change, states how the modification affects the existing type design, and lists serial number effectivity.

ATA 23

ATA Chapter for Communications is

Planning

This is a function where the management identifies its objectives, achievements, and alternatives.

Acrobatic

Per 14 CFR 23, airplanes that fall under the _____ category are intended for use without restrictions.

Green

For night landing, the thresholds are lighted _____.

72 hours

In cases of an accident/incident involving dangerous goods, within how many hours should it be reported to the Civil Aviation Authority of the Philippines?

VTOSS

It is the minimum speed at which climb shall be achieved with the critical power-unit inoperative, the remaining power-units operating within approved operating limits.

stand alone cabotage

The right of an airline from a particular country to originate a flight from foreign country and carry passengers from one point to another within that foreign country. This occurrence is also known as _____.

Continuing Airworthiness

What is Part M all about? 

Aerodrome

A defined area on land or water intended to be used either wholly or in part for the arrival, departure, and movement of aircraft is called _____.

Civil Aeronautics Board

The power to regulate the economic aspect of air transportation and general supervision and regulation of air carriers, general sales agents, cargo sales agents, and airfreight forwarders as well as their property, property rights, equipment, facilities, and franchise rest on the _____.