Engineering Economics
In case of bankruptcy of a partnership,

The partners personal assets are attached to the debt of the partnership
The partnership assets (excluding the partners personal assets) only will be used to pay the liabilities
The partners are not liable for the liabilities of the partnership
The partners nay sell stock to generate additional capital

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

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

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Engineering Economics
Pick up the correct reason for making conceptual (or preliminary) estimate from the following:

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

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