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.

Partnership
Sole proprietorship
Entrepreneurship
Corporation

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Engineering Economics
Pick up the correct statement regarding financial statement analysis from the following.

Final analysis always involves the use of various financial statements i.e., balance sheet and income statement
The income statement is the summary of revenues and expenses of a firm over a particular period of time
The balance sheet is the summary of assets, liabilities and owner's equity of business at a point in time
All listed here

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Engineering Economics
A construction estimate is used

To decide an approximation of the value of the project and not the exact cost
None of these
To produce a statement of the approximate cost
To judge tentatively or approximate value of the project

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