Engineering Economics
______ is the element of value which a business has earned through the favorable consideration and patronage of its costumers arising from its well known and well conducted policies and operations.

Known owners
Goodwill
Status company
Big income

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Engineering Economics
Which one of the following questions is relevant to the construction estimates?

All of these
Did the estimators use short cut methods which may be unrealistic in their situation
Did the estimators precisely evaluate site conditions
How much money will the contractor's risk, loosing if he were to submit bid on the raw estimate of cost

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