Professional Courses
Industry-relevant training in Business, Technology, and Design to help professionals and graduates upskill for real-world careers.
Categories
Interactive Games
Fun, engaging games to boost memory, math fluency, typing speed, and English skills—perfect for learners of all ages.
Typing
Memory
Math
English Adventures
Knowledge
Enroll to start learning
You’ve not yet enrolled in this course. Please enroll for free to listen to audio lessons, classroom podcasts and take practice test.
Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
Define inflation.
💡 Hint: Think about how prices change over the years.
Question 2
Easy
What is economic life in equipment management?
💡 Hint: Consider the timeframe when repairs are most cost-effective.
Practice 4 more questions and get performance evaluation
Interactive Quizzes
Engage in quick quizzes to reinforce what you've learned and check your comprehension.
Question 1
What is inflation?
- A decrease in purchasing power
- A constant price level
- A fixed asset valuation
💡 Hint: Think about how many goods you can buy with money today compared to the past.
Question 2
In equipment management, why is the economic life critical?
💡 Hint: It reveals the optimal replacement time for machines.
Solve 1 more question and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
Analyze the implications of inflation on your project's budget if you intend to hold machinery for an additional five years beyond the economic life.
💡 Hint: Think about how maintenance costs might rise along with inflation.
Question 2
Develop a strategy for a construction company to manage the inflation risks in equipment acquisition.
💡 Hint: Explore how forward contracts could mitigate risk.
Challenge and get performance evaluation