ENGINEERING ECONOMICS QUIZ

To keep the project cost within the cost budget and knowing when and where job costs are deviating

To keep the project cost equal to original cost estimate

To keep the project cost equal to subsequent construction budget

None of these

Construction manager

Owner himself/herself

Architect/engineer

Construction manager

Work book

Ledger

Account book

Journal

Opportunity cost

Horizon cost

Ghost cost

Null cost

For preparation of a definitive estimate to help negotiate contract

For submission of a competitive bid for a lump-sum contract

For a unit price contract

All of these

Junk value

Going value

Second-hand value

Scrap value

It is worse type of business organization.

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.

Its life is dependent on the lives of the incorporators.

Depreciation

Amortization

Bond

Annuity

First cost + salvage value

First cost + interest of first cost

First cost + cost of perpetual maintenance

Annual cost – interest of first cost

Demand

Supply

Good

Product