Engineering Economics Pick up the correct reason for making conceptual (or preliminary) estimate from the following: To check quotations from contractors and/or sub-contractors 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 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 ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What refers to the ratio of the interest payment to the principal for a given unit of time and usually expressed as a percentage of the principal? Yield Rate of return Return of investment Interest rate Yield Rate of return Return of investment Interest rate ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is defined as the investment of loan or principal which is based not only on the original amount of the loan or principal but the amount of loaned or principal plus the previous accumulated interest? Nominal rate of interest Simple interest Compound interest Effective rate of interest Nominal rate of interest Simple interest Compound interest Effective rate of interest ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics The sunk costs include: An invested capital that cannot be retrieved A past expenditure All of these An unrecovered balance An invested capital that cannot be retrieved A past expenditure All of these An unrecovered balance ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics The first cost to be incurred if the piece of equipment now in place had been bought for a second hand dealer or some other business is called ______. Material cost In-place value Fixed cost First cost Material cost In-place value Fixed cost First cost ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Under ordinary simple interest, how many days in one year? 300 365 366 360 300 365 366 360 ANSWER DOWNLOAD EXAMIANS APP
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