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Engineering Economics

Engineering Economics
Pick up the element of the cost from the following:

Over head
Direct material
Direct labour
All of these

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Engineering Economics
Which one of the following is not a construction estimate?

None of these
Definite estimate
Conceptual preliminary budget
Initial feasibility estimate

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Engineering Economics
“Under conditions of perfect competition, the price at which any given product will be supplied and purchased is the price that will result in the supply and the demand being equal.” This statement is known as the:

Law of demand
Law of supply
Law of diminishing return
Law of supply and demand

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Engineering Economics
What is defined as a financial security note issued by business or corporation and by the government as a means of borrowing long-term fund?

Bond
Securities
T-bills
Bank notes

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Engineering Economics
The wages of supervisors and material handlers are charged as:

Over head
Direct labour cost
None of these
Indirect labour cost

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Engineering Economics
The sunk costs include:

All of these
A past expenditure
An invested capital that cannot be retrieved
An unrecovered balance

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