Engineering Economics
An association of two or more persons for the purpose of engaging into a business for profit is called ______.

Entrepreneurship
Corporation
Proprietorship
Partnership

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Engineering Economics
A construction estimate is used

None of these
To produce a statement of the approximate cost
To decide an approximation of the value of the project and not the exact cost
To judge tentatively or approximate value of the project

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Engineering Economics
Which one of the following questions is relevant to the construction estimates?

Did the estimators precisely evaluate site conditions
Did the estimators use short cut methods which may be unrealistic in their situation
How much money will the contractor's risk, loosing if he were to submit bid on the raw estimate of cost
All of these

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