Engineering Economics
The institute of Electronics and Communications Engineers of the Philippines (IECEP) is planning to put up its own building. Two proposals being considered are:A. The construction of the building now to cost P 400,000B. The construction of a smaller building now to cost P300,000 and at the end of 5 years, an extension to be added to cost P 200,000.By how much is proposal B more economical than proposal A if interest rate is 20% and depreciation to be neglected?

P 19,518.03
P 19,122.15
P 19,624.49
P 19,423.69

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Engineering Economics
Which is true about corporation?

The stock holders of the corporation are only liable to the extent of their investments.
Its life is dependent on the lives of the incorporators.
It is worse type of business organization.
The minimum number of incorporators to start a corporation is three.

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Engineering Economics
Pick up the correct reason for making conceptual (or preliminary) estimate from the following:

To have a check on a definitive cost estimate
All of these
To check quotations from contractors and/or sub-contractors
To compute target estimate for the owner while drawing and specifications are in initial stage

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