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ENGINEERING ECONOMICS

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

Supervision cost
Inspection cost
Assembly cost
Testing cost

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

360
300
365
366

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Engineering Economics
The construction manager uses the estimate of the project

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

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

Horizon cost
Opportunity cost
Ghost cost
Null 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:

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

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