Engineering Economics
A form of business organization in which a person conducts his business alone and entirely for his own profit, being solely responsible for all its activities and liabilities.

Entrepreneurship
Partnership
Corporation
Sole proprietorship

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

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

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