Engineering Economics Pick up the correct reason for making conceptual (or preliminary) estimate from the following: All of these To have a check on a definitive cost estimate To check quotations from contractors and/or sub-contractors To compute target estimate for the owner while drawing and specifications are in initial stage All of these To have a check on a definitive cost estimate To check quotations from contractors and/or sub-contractors To compute target estimate for the owner while drawing and specifications are in initial stage ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is the main reason why the sinking fund method of computing depreciation is seldom used in the industry? Unstable economy Rate of interest cannot be exactly determined The initial depreciation is low The initial deprecation is high Unstable economy Rate of interest cannot be exactly determined The initial depreciation is low The initial deprecation is high ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics The ability to meet debts as they become due is known as ______. Solvency Liquidity Insolvency Leverage Solvency Liquidity Insolvency Leverage ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics All are classified under direct labor expenses EXCEPT one. Which one? Supervision cost Assembly cost Inspection cost Testing cost Supervision cost Assembly cost Inspection cost Testing cost ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics The construction estimate of a project is used by: The contractor of the project The owner of the facility All of these The consulting architect/engineer The contractor of the project The owner of the facility All of these The consulting architect/engineer ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Aside from many sellers and many buyers, which one is a characteristic of perfect competition? Free market entry and exit Perfect information and absence of all economic friction All of these Homogeneous product Free market entry and exit Perfect information and absence of all economic friction All of these Homogeneous product ANSWER DOWNLOAD EXAMIANS APP
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