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ENGINEERING ECONOMICS

Engineering Economics
All are classified under direct labor expenses EXCEPT one. Which one?

Assembly cost
Inspection cost
Supervision cost
Testing cost

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Engineering Economics
One banker’s year is equivalent to ______ days.

366
300
365
360

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Engineering Economics
The construction manager uses the estimate of the project

To tell the owner of the project to take his/her financial decision
To control the project during its construction
To develop bids on the project
All of these

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Engineering Economics
What refers to an imaginary cost representing what will not be received if a particular strategy is rejected?

Null cost
Opportunity cost
Ghost cost
Horizon cost

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Engineering Economics
If ‘P’ is principal amount, ‘i’ is the rate of interest and ‘n’ is the number of periods in years, then the interest factor is:

None of these
(1 + ni)
(ni - 1)
ni

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