Engineering Economics
Each financial ratio is generally compared by

A ratio developed by using the projected financial statement of the firm
A past ratio calculated from the past financial standard of the firm
All of these
A ratio of some selected firms most progressive and successful at the point of consideration

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Engineering Economics
Pick up the correct reason for making conceptual (or preliminary) estimate from the following:

To have a check on a definitive cost estimate
To check quotations from contractors and/or sub-contractors
All of these
To compute target estimate for the owner while drawing and specifications are in initial stage

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