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ENGINEERING ECONOMICS

Engineering Economics
Pick up the main purpose of project cost control from the following:

To promote cost consciousness
To provide a feed back to the estimator
To signal immediate warning of uneconomic operations
All of these

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Engineering Economics
Which method is adopted to develop an approximate or conceptual estimate for perimeter works for buildings from the following?

Base unit method
Cost per square metre method
Cost per function method
Cost per linear metre method

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Engineering Economics
If there are many sellers and few buyers, the market situation is _________ .

Monopoly
Oligopsony
Oligopoly
Duopsony

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Engineering Economics
What is defined as any tangible economic product that contributes directly or indirectly to the satisfaction of human want?

Goods or commodities
Services
Goods
Commodities

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Engineering Economics
What is defined as any tangible economic activity that contributes directly or indirectly to the satisfaction of human want?

Goods or commodities
Commodities
Services
Goods

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