Construction Planning and Management
The salient feature of functional organization is

All listed here
Separation of planning and design part
Strict adherence to specifications
Each individual maintains functional efficiency

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Construction Planning and Management
If the optimistic time, most likely time and pessimistic time for activity A are 4, 6 and 8 respectively and for activity B are 5, 5.5 and 9 respectively, then

None of these
expected time of activity A is greater than the expected time of activity B
expected time of activity B is greater than the expected time of activity A
expected time of both activities A and B are same

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Construction Planning and Management
Sinking fund is

The fund for rebuilding a structure when its economic life is over
The total sum to be paid to the municipal authorities by the tenants
Raised to meet maintenance costs
A part of the money kept in reserve for providing additional structures and structural modifications

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Construction Planning and Management
In time-cost optimization of a project, crashing is done.

On all the activities
On all the activities lying on the critical path
On original critical activities and those that become critical at any stage of crashing in the order of ascending cost slope
Only on activities lying on the original critical path and having flatter cost slopes

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Construction Planning and Management
A contractor has two options;(l) : Invest his money in project A or (II) : Invest his money in project B. If he decides to invest in A, for every rupee invested, he is assured of doubling his money in ten years. If he decides to invest in B, he is assured of making his money 1.5 times in 5 years. If the contractor values his money at 10% interest rate, he

should invest in project B
should invest in neither of the two projects
should invest in project A
could invest in either of the two projects

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