Engineering Economics What refers to an imaginary cost representing what will not be received if a particular strategy is rejected? Null cost Horizon cost Ghost cost Opportunity cost Null cost Horizon cost Ghost cost Opportunity cost ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is defined as an entity which makes product, good or services available to buyer or consumer in exchange of monetary consideration? Seller Buyer or consumer Producer Manufacturer Seller Buyer or consumer Producer Manufacturer ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What refers to the value of an asset which a disinterested third party, different from the buyer and seller, will determine in order to establish a price acceptable to both parties? Book value Franchise value Fair value Market value Book value Franchise value Fair value Market value ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics What is defined as any tangible economic activity that contributes directly or indirectly to the satisfaction of human want? Services Commodities Goods or commodities Goods Services Commodities Goods or commodities Goods ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Which method is adopted to develop an approximate or conceptual estimate for perimeter works for buildings from the following? Cost per linear metre method Base unit method Cost per square metre method Cost per function method Cost per linear metre method Base unit method Cost per square metre method Cost per function method ANSWER DOWNLOAD EXAMIANS APP
Engineering Economics Probabilistic estimating of a construction project includes: Labour Wage scale All of these Productivity Labour Wage scale All of these Productivity ANSWER DOWNLOAD EXAMIANS APP
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