Civil Engineering - Engineering Economy
Exercise :: Engineering Economy - Section 2
| 16. |
Pick up the correct statement from the following: |
| A. |
The capital required to get a project started is the first cost. | | B. |
The first cost is a single cash flow or a series of cash flows that are made in the beginning of the activity's life span | | C. |
The first cost of purchasing a car is the sum of the down payment, taxes and dealers charges. | | D. |
All of these |
Answer: Option D
Explanation:
|
| 17. |
Pick up the correct statement from the following: |
| A. |
Engineering economy is a collection of mathematical techniques which simplify economic comparisons | | B. |
Engineering economy is a decision assistance tool by which one method will be chosen as the most economically one. | | C. |
For understanding the engineering economy, one should be able to classify the basic terminology and fundamental concepts of economy. | | D. |
All of these. |
Answer: Option D
Explanation:
|
| 18. |
Keeping in view, the feasibility order of magnitude, the preliminary, conceptual or budget estimates, are prepared by : |
| A. |
architect/engineer | | B. |
construction manager | | C. |
owner himself/herself | | D. |
construction manager | | E. |
None of these |
Answer: Option C
Explanation:
|
| 19. |
The construction manager uses the estimate of the project |
| A. |
to tell the owner of the project to take his/her financial decision. | | B. |
to advise the architect/engineer regarding design cost parameter especially in value engineering analysis. | | C. |
to develop bids on the project. | | D. |
to control the project during its construction. | | E. |
All of these |
Answer: Option E
Explanation:
|
| 20. |
If P is principal amount, i is the rate of interest per annum and n is the number of periods in years, the compound amount factor (CAF) is : |
| A. |
(1 + i)n | | B. |
(1 + i)(1/2n) | | C. |
(n + i) | | D. |
None of these |
Answer: Option A
Explanation:
|
