ENGINEERING ECONOMICS QUIZ

Under ordinary simple interest, how many days in one year?

365

366

360

300

TRUE ANSWER : ?
YOUR ANSWER : ?

Which one of the following is not a construction estimate?

Definite estimate

Conceptual preliminary budget

Initial feasibility estimate

None of these

TRUE ANSWER : ?
YOUR ANSWER : ?

A project construction cost estimate includes:

The labour and material cost

The equipment and over head cost

All of these

The profit of the contractor

TRUE ANSWER : ?
YOUR ANSWER : ?

What is a market situation whereby there is only one buyer of an item for which there is no goods substitute?

Monopsony

Oligopoly

Oligopsony

Monopoly

TRUE ANSWER : ?
YOUR ANSWER : ?

An association of two or more persons for the purpose of engaging into a business for profit is called ______.

Corporation

Partnership

Entrepreneurship

Proprietorship

TRUE ANSWER : ?
YOUR ANSWER : ?

The owner of the construction company makes use of the estimate:

To determine the capital investment costs

To assist in financial arrangements

All of these

To determine economic feasibility of the project

TRUE ANSWER : ?
YOUR ANSWER : ?

A P 1, 000, 6% bond pays dividend semiannually and will be redeemed at 110% on June 21, 204. It is bought on June 21, 2001 to yield 4% interest. Find the price of the bond.

P 1,155.06

P 1,133.78

P 1,122.70

P 1,144.81

TRUE ANSWER : ?
YOUR ANSWER : ?

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.

$ 5,025,000.00

$ 5,000,000.00

$ 5,050,000.00

$ 5,010,000.00

TRUE ANSWER : ?
YOUR ANSWER : ?

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

None of these

To keep the project cost equal to subsequent construction budget

TRUE ANSWER : ?
YOUR ANSWER : ?

A machine costs of P 8,000 and an estimated life of 10 years with a salvage value of P 500. What is its book value after 8 years using straight line method?

P 2,100.00

P 2,200.00

P 2,000.00

P 2,300.00

TRUE ANSWER : ?
YOUR ANSWER : ?