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 ______. First cost In-place value Material cost Fixed cost First cost In-place value Material cost Fixed cost ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is defined as the reduction of the value of certain natural resources such as mines, oil, timber, quarries, etc. due to the gradual extraction of its contents? Inflation Deflation Depletion Depreciation Inflation Deflation Depletion Depreciation ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Pick up the element of the cost from the following: All of these Direct labour Direct material Over head All of these Direct labour Direct material Over head ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics The owner of the construction company makes use of the estimate: All of these To determine the capital investment costs To determine economic feasibility of the project To assist in financial arrangements All of these To determine the capital investment costs To determine economic feasibility of the project To assist in financial arrangements ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics The ratio of current assets to current liabilities is known as Current ratio Liquidity ratio Acid-Test (or Quick) ratio Debts ratio Current ratio Liquidity ratio Acid-Test (or Quick) ratio Debts ratio ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics The key to profitable operation for project cost control, is: None of these To keep the project cost equal to original cost estimate To keep the project cost within the cost budget and knowing when and where job costs are deviating To keep the project cost equal to subsequent construction budget None of these To keep the project cost equal to original cost estimate To keep the project cost within the cost budget and knowing when and where job costs are deviating To keep the project cost equal to subsequent construction budget ANSWER DOWNLOAD EXAMIANS APP
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