Questions based on chapter 12 of METS-3 (The Engineer, User of Information and communication systems 14. Read the following three statements: a) Organisations that adapt methods of experimenting and learning call themselves learning organisations. b) Information and communication technologies can be used to streamline the business value chain c) Unlike biotechnology and nanotechnology, ICTs are used by all organisations. Which statement/s is/are correct? [1] band c [2] a and b [3] a, b and [4]b [5] None of the options (1, 2, 3 or 4) is correct. Questions based on chapter 16 of METS-3 (Introduction to time value of money and project selection) 15. Read the following three statements: a) Engineering economics is concerned with macro-economic issues such as the monetary policy of a country. b) Due to limited resources, the implementation of one project may prevent a company from implementing other projects as well. c) Money that is paid by companies to ordinary shareholders is called interest. Which statement/s is/are correct? [1] a, b and [2] band [3] a and b [4] [5] None of the options (1, 2, 3 or 4) is correct. b