# Civil Engineering - Engineering Economy

### Exercise :: Engineering Economy - Section 1

16.

The ratio of current assests to current liabilities is known as

 A. Liquidity ratio B. Current ratio C. Acid-Test (or Quick) ratio D. Debts ratio

Explanation:

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17.

Pick up the correct statement from the following:

 A. An annuity is a series of equal payments occurring at equal period of time. B. Annuity is called an equal payment or uniform payment series. C. An annuity may have periods of time of any length but should always be of equal length. D. All the above.

Explanation:

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18.

The construction estimate of a project is used by :

 A. the owner of the facility B. the consulting architect/engineer C. the contractor of the project D. All of these

Explanation:

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19.

Both architect and engineer make use of the cost estimate of the project:

 A. for site selection B. for designing of the project C. for choosing alternatives D. All of these

Explanation:

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20.

If a is the base amount expenditure, b is the increase in the operation cost each year over a period of n years, the total cost of maintenance is :

 A. a + (n + 1) b B. a + (n - 1) b C. a x (n - 1) b D. a - (n - 1) b