Engineering Economics The construction estimate of a project is used by: The consulting architect/engineer All of these The contractor of the project The owner of the facility The consulting architect/engineer All of these The contractor of the project The owner of the facility ANSWER DOWNLOAD EXAMIANS APP
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 Big income Goodwill Status company Known owners Big income Goodwill Status company ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics The unrecovered depreciation which results due to poor estimates as to the life of the equipment is called ______. In-place value Economic life Annuity Sunk cost In-place value Economic life Annuity Sunk cost ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Pick up the correct reason for making conceptual (or preliminary) estimate from the following: All of these To compute target estimate for the owner while drawing and specifications are in initial stage To have a check on a definitive cost estimate To check quotations from contractors and/or sub-contractors All of these To compute target estimate for the owner while drawing and specifications are in initial stage To have a check on a definitive cost estimate To check quotations from contractors and/or sub-contractors ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What refers to the goods and services that are desired by human and will be acquired only after all the needs have been satisfied? Producer products Consumer products Luxury Necessity Producer products Consumer products Luxury Necessity ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics If interest is paid more than once in a year, ‘i’ is the rate of interest per year, ‘n’ is the number of periods in years and ‘m’ is a number of periods per years, compound amount factor (CAF) is: (1 + i/m)1/n (1 + i/n)m (1 + i/m)n (1 + i/n)1/m (1 + i/m)1/n (1 + i/n)m (1 + i/m)n (1 + i/n)1/m ANSWER DOWNLOAD EXAMIANS APP
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