Engineering Economics
Which is true about corporation?

The stock holders of the corporation are only liable to the extent of their investments.
It is worse type of business organization.
The minimum number of incorporators to start a corporation is three.
Its life is dependent on the lives of the incorporators.

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

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