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:

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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:

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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:

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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:

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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:

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