The key to profitable operation for project cost control, is: 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 TRUE ANSWER : ? YOUR ANSWER : ?
Keeping in view, the feasibility order of magnitude, the preliminary, conceptual or budget estimates, are prepared by: Construction manager Owner himself/herself Architect/engineer Construction manager TRUE ANSWER : ? YOUR ANSWER : ?
The original record of a business transaction is recorded in this book. Work book Ledger Account book Journal TRUE ANSWER : ? YOUR ANSWER : ?
What refers to an imaginary cost representing what will not be received if a particular strategy is rejected? Opportunity cost Horizon cost Ghost cost Null cost TRUE ANSWER : ? YOUR ANSWER : ?
The project contractor relies on the cost of the estimate: 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 TRUE ANSWER : ? YOUR ANSWER : ?
Salvage value is sometimes known as ______. Junk value Going value Second-hand value Scrap value TRUE ANSWER : ? YOUR ANSWER : ?
Which is true about corporation? 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. TRUE ANSWER : ? YOUR ANSWER : ?
A uniform series of payment occurring at equal interval of time is called ______. Depreciation Amortization Bond Annuity TRUE ANSWER : ? YOUR ANSWER : ?
Capitalized cost of any structure or property is computed by which formula? First cost + salvage value First cost + interest of first cost First cost + cost of perpetual maintenance Annual cost – interest of first cost TRUE ANSWER : ? YOUR ANSWER : ?
What refers to the amount of a product made available for sale? Demand Supply Good Product TRUE ANSWER : ? YOUR ANSWER : ?