Chapter 3 - Plant Economy

Question 1 of 34

1

Fill the blank space to complete the text.

The of the industrial plant is that portion of the manufacturing returns which cost accounting indicates as the portion of the production costs assignable to the power used.

Explanation

Question 2 of 34

1

Fill the blank space to complete the text.

The of the public service plant are derived directly from the customers it serves.

Explanation

Question 3 of 34

1

Fill the blank space to complete the text.

A is an exclusive right to provide the specific product or service in a stated region.

Explanation

Question 4 of 34

1

Fill the blank space to complete the text.

The electric service industry operates under conditions by reason of the long-term franchises granted to the individual companies.

Explanation

Question 5 of 34

1

Fill the blank space to complete the text.

Of all methods of taxation, that method which will receive least public opposition is the one whereby the payment methods are spread out in and attached to the purchase price of some inexpensive, widely used commodity.

Explanation

Question 6 of 34

1

Fill the blank space to complete the text.

Only by considering the elements entering into the cost of power will a fair, economic comparison be made.

Explanation

Question 7 of 34

1

That an industry will install its own power plant if the utility rates are favorable is a competitive aspect always present in the supply of power by a utility company to an industry.

Select one of the following:

True
False

Explanation

Question 8 of 34

1

Fill the blank spaces to complete the text.

The rate of charge for electrical energy should satisfy the following conditions:
, , and

Explanation

Question 9 of 34

1

the rate should distribute the costs where they rightfully belong, taking full account of the variable conditions of the customer's demands.

Select one of the following:

True
False

Explanation

Question 10 of 34

1

The rate should not be so complicated as to cause opposition or antagonism from a public which is frequently distrustful of "new fangled ideas".

Select one of the following:

True
False

Explanation

Question 11 of 34

1

The financial outlay in meters and cost accounting systems by the electric company should not be so heavy as to increase costs to more than can be saved by their installation.

Select one of the following:

True
False

Explanation

Question 12 of 34

1

Fill the blank space to complete the text.

comprising the capital cost of power plant will include preliminary costs, real estate, buildings and equipment, engineering fees, among others.

Explanation

Question 13 of 34

1

A certain amount of power plant maintenance is required whether any energy is produced or not.

Select one of the following:

True
False

Explanation

Question 14 of 34

1

Fill the blank space to complete the text.

The , sometimes called operationing cost to distinguish it from the fixed costs of the investment element, is based on the energy output measure in kWh.

Explanation

Question 15 of 34

1

Labor is a large part of the cost of a kWh.

Select one of the following:

True
False

Explanation

Question 16 of 34

1

Fill the blank spaces to complete the text.

At present, the labor requirement of the average steam central station larger than 10,000 kW is about employee for each installed capacity.

Explanation

Question 17 of 34

1

Fill the blank space to complete the text.

The carried is largely dependent upon the interconnections of the system and upon the policies of the management of those responsible for the system operation.

Explanation

Question 18 of 34

1

Fill the blank space to complete the text.

To be "" is a state required of the public service plant and of some industrial plants.

Explanation

Question 19 of 34

1

The extent and, therefore, the cost of the secondary distribution system are proportional to the number of customers it serves.

Select one of the following:

True
False

Explanation

Question 20 of 34

1

The franchise cost depends less on the time and circumstances surrounding the granting of the franchise than on the actual value of the franchise itself.

Select one of the following:

True
False

Explanation

Question 21 of 34

1

Fill the blank space to complete the text.

The is based on the assumption that depreciation occurs according to the a straight line law.

Explanation

Question 22 of 34

1

The largest component of the fixed charge is the amount to be collected and set aside in a fund which, through the useful life of the plant, will accumulate a sum equivalent to the money borrowed for investment.

Select one of the following:

True
False

Explanation

Question 23 of 34

1

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The is caused by age of service, wear and tear of machinery, among others.

Explanation

Question 24 of 34

1

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In the , a fixed predetermined sum is set aside each year and interest compounded on it periodically. The fixed sum must be such that the total annual installments plus the interest accumulations will equal the total depreciation.

Explanation

Question 25 of 34

1

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The becomes the sum to replace the worn article.

Explanation

Question 26 of 34

1

In depreciation accounting, the accounting for depreciation is always a representation of the actual depreciation itself.

Select one of the following:

True
False

Explanation

Question 27 of 34

1

Rate schedule should be simple.

Select one of the following:

True
False

Explanation

Question 28 of 34

1

Rate schedule should be uniform over small territorial areas.

Select one of the following:

True
False

Explanation

Question 29 of 34

1

Distribution of cost in such a way that persons creating a desirable and relatively inexpensive type of load may enjoy the full use and benefit of electrical appliance.

Select one of the following:

True
False

Explanation

Question 30 of 34

1

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. The term straight line indicates that the price charged per unit is constant, that is, does not vary on account of an increase or decrease o the number of units. it is the simplest of all rates.

Explanation

Question 31 of 34

1

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. The term block indicates that a certain specified price per unit is charges for all or any part of the a block of such units, and reduced prices per unit are charged for all or any part of the succeeding units thereof. Its principal defect is that it lacks a measure of customers demands.

Explanation

Question 32 of 34

1

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The term applies to a charge of electric service based upon customer's installation of energy consuming devices.

Explanation

Question 33 of 34

1

	Created by Kyllie Kylle almost 10 years ago

Quiz on Untitled, created by Kyllie Kylle on 27/07/2016.

Chapter 3 - Plant Economy

Question 1 of 34

Fill the blank space to complete the text.

The of the industrial plant is that portion of the manufacturing returns which cost accounting indicates as the portion of the production costs assignable to the power used.

Explanation

Question 2 of 34

Fill the blank space to complete the text.

The of the public service plant are derived directly from the customers it serves.

Explanation

Question 3 of 34

Fill the blank space to complete the text.

A is an exclusive right to provide the specific product or service in a stated region.

Explanation

Question 4 of 34

Fill the blank space to complete the text.

The electric service industry operates under conditions by reason of the long-term franchises granted to the individual companies.

Explanation

Question 5 of 34

Fill the blank space to complete the text.

Of all methods of taxation, that method which will receive least public opposition is the one whereby the payment methods are spread out in and attached to the purchase price of some inexpensive, widely used commodity.

Explanation

Question 6 of 34

Fill the blank space to complete the text.

Only by considering the elements entering into the cost of power will a fair, economic comparison be made.

Explanation

Question 7 of 34

That an industry will install its own power plant if the utility rates are favorable is a competitive aspect always present in the supply of power by a utility company to an industry.

Select one of the following:

Explanation

Question 8 of 34

Fill the blank spaces to complete the text.

The rate of charge for electrical energy should satisfy the following conditions: , , and

Explanation

Question 9 of 34

the rate should distribute the costs where they rightfully belong, taking full account of the variable conditions of the customer's demands.

Select one of the following:

Explanation

Question 10 of 34

The rate should not be so complicated as to cause opposition or antagonism from a public which is frequently distrustful of "new fangled ideas".

Select one of the following:

Explanation

Question 11 of 34

The financial outlay in meters and cost accounting systems by the electric company should not be so heavy as to increase costs to more than can be saved by their installation.

Select one of the following:

Explanation

Question 12 of 34

Fill the blank space to complete the text.

comprising the capital cost of power plant will include preliminary costs, real estate, buildings and equipment, engineering fees, among others.

Explanation

Question 13 of 34

A certain amount of power plant maintenance is required whether any energy is produced or not.

Select one of the following:

Explanation

Question 14 of 34

Fill the blank space to complete the text.

The , sometimes called operationing cost to distinguish it from the fixed costs of the investment element, is based on the energy output measure in kWh.

Explanation

Question 15 of 34

Labor is a large part of the cost of a kWh.

Select one of the following:

Explanation

Question 16 of 34

Fill the blank spaces to complete the text.

At present, the labor requirement of the average steam central station larger than 10,000 kW is about employee for each installed capacity.

Explanation

Question 17 of 34

Fill the blank space to complete the text.

The carried is largely dependent upon the interconnections of the system and upon the policies of the management of those responsible for the system operation.

Explanation

Question 18 of 34

Fill the blank space to complete the text.

To be "" is a state required of the public service plant and of some industrial plants.

Explanation

Question 19 of 34

The extent and, therefore, the cost of the secondary distribution system are proportional to the number of customers it serves.

Select one of the following:

Explanation

Question 20 of 34

The franchise cost depends less on the time and circumstances surrounding the granting of the franchise than on the actual value of the franchise itself.

The rate of charge for electrical energy should satisfy the following conditions:
, , and