Engineering Economics A construction estimate is used To judge tentatively or approximate value of the project To produce a statement of the approximate cost To decide an approximation of the value of the project and not the exact cost None of these To judge tentatively or approximate value of the project To produce a statement of the approximate cost To decide an approximation of the value of the project and not the exact cost None of these ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is the term for an annuity with a fixed time span? Ordinary annuity Perpetuity Annuity certain Annuity due Ordinary annuity Perpetuity Annuity certain Annuity due ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What are the common methods of computing depletion charge? Unit method and percentage method Discrete method and depletion allowance method Conservative method and conventional method Rational method and irrational method Unit method and percentage method Discrete method and depletion allowance method Conservative method and conventional method Rational method and irrational method ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics “When one of the factors of production is fixed in quantity or is difficult to increase, increasing the other factors of production will result in a less than proportionate increase in output”. This statement is known as the: Law of demand Law of diminishing return Law of supply and demand Law of supply Law of demand Law of diminishing return Law of supply and demand Law of supply ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics A project construction cost estimate includes: The equipment and over head cost All of these The profit of the contractor The labour and material cost The equipment and over head cost All of these The profit of the contractor The labour and material cost ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What refers to the ratio of the interest payment to the principal for a given unit of time and usually expressed as a percentage of the principal? Return of investment Interest rate Rate of return Yield Return of investment Interest rate Rate of return Yield ANSWER DOWNLOAD EXAMIANS APP
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