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ENGINEERING ECONOMICS

Engineering Economics
All are classified under direct labor expenses EXCEPT one. Which one?

Assembly cost
Supervision cost
Testing cost
Inspection cost

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Engineering Economics
One banker’s year is equivalent to ______ days.

366
365
360
300

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Engineering Economics
The construction manager uses the estimate of the project

All of these
To tell the owner of the project to take his/her financial decision
To develop bids on the project
To control the project during its construction

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Engineering Economics
What refers to an imaginary cost representing what will not be received if a particular strategy is rejected?

Ghost cost
Null cost
Horizon cost
Opportunity cost

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Engineering Economics
If ‘P’ is principal amount, ‘i’ is the rate of interest and ‘n’ is the number of periods in years, then the interest factor is:

ni
(1 + ni)
None of these
(ni - 1)

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