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

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Engineering Economics
A construction estimate is used

To judge tentatively or approximate value of the project
To produce a statement of the approximate cost
To decide an approximation of the value of the project and not the exact cost
None of these

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Engineering Economics
A leading shoe manufacturer produces a pair of Lebron James signature shoes at a labor cost of P 900.00 a pair and a material cost of P 800.00 a pair. The fixed charges on the business are P 5,000,000 a month and the variable costs are P 400.00 a pair. Royalty to Lebron James is P 1,000 per pair of shoes sold. If the shoes sell at P 5,000 a pair, how many pairs must be produced each month for the manufacturer to break-even?

2.59
2712
2632
2890

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Engineering Economics
Which is NOT an essential element of an ordinary annuity?

The first payment is made at the beginning of the first period.
Compound interest is paid on all amounts in the annuity.
The payments are made at equal interval of time.
The amounts of all payments are equal.

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