Engineering Economics
Is an artificial being created by operation of law, having the right of succession and the process, attributes and properties expressly authorized by the law or incident to its existence.

Property
Partnership
Organization
Corporation

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Engineering Economics
Which is true about corporation?

The stock holders of the corporation are only liable to the extent of their investments.
The minimum number of incorporators to start a corporation is three.
It is worse type of business organization.
Its life is dependent on the lives of the incorporators.

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Engineering Economics
A construction estimate is used

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

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