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
Fair value
Market value
Franchise value

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Engineering Economics
Which one of the following questions is relevant to the construction estimates?

All of these
Did the estimators use short cut methods which may be unrealistic in their situation
Did the estimators precisely evaluate site conditions
How much money will the contractor's risk, loosing if he were to submit bid on the raw estimate of cost

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Engineering Economics
The financial analysis:

All of these
Helps a share holder to compare the expected return on his investment in the firm against the expected return from other alternative investment
Helps to judge the success of the firm's financial plans
Helps a bank to know the financial position of the firm for granting a loan to the firm

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