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ENGINEERING ECONOMICS QUIZ

Probabilistic estimating of a construction project includes:

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Gross margin is the ratio of the gross profit to ______.

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The Saudi Arabian Oil Refinery developed an oil well which is estimated to contain 5,000,000 barrels of oil at an initial cost of $ 50,000,000. What is the depletion charge during the year where it produces half million barrels of oil? Use Unit or Factor method in computing depletion.

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As applied to capitalized asset, the distribution of the initial cost by a periodic changes to operation as in depreciation or the reduction of a debt by either periodic or irregular prearranged programs is called ______.

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What are the common methods of computing depletion charge?

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What is another term for “unit method” for computing depletion?

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Both architect and engineer make use of the cost estimate of the project:

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Present worth Annuity (PWA) is generally known as

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The product of CAF (S P) and PWF (S P) is:

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Capitalized cost of a project is also known as ______.

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