Pick up the correct reason for making conceptual (or preliminary) estimate from

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Question
Pick up the correct reason for making conceptual (or preliminary) estimate from the following:
Options
A. To have a check on a definitive cost estimate.
B. To check qoutations from contractors and/or sub contractors.
C. To compute target estimate for the owner while drawings and specifications are in initial stage.
D. All of these.

Correct Answer

All of these.

Engineering Economy problems

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1. The project contractor relies on the cost of the estimate :
Options
A. for submission of a competitive bid for a lumpsum contract
B. for a unit price contract
C. for preparation of a definitive estimate to help negotiate contract.
D. All of these

3. Pick up the correct statement from the following:
Options
A. The change in the amount of money over a given time period is called 'time value' of money, a most important concept in engineering economy.
B. The manifestation of the time value of money is termed as interest.
C. Interest on borrowing = present amount owed - original loan
D. The original investment (or loan) is referred to as principal.
E. All of these.

4. The annuity which refers to a debt payment for recovering the initial amount or capital in equal periodical payments, is known as;
Options
A. Present Worth Annuity
B. Sinking fund annuity
C. Compound annuity
D. Capital recovery annuity

5. In the cash-flow diagram shown in the given figure
Options
A. Equal deposits of Rs 3000 per year (A) are made, starting now.
B. The rate of interest is 10% per yearaccount
C. The amount accumulated after the seventh deposit is to be computed
D. All of these

9. Refer to the cash flow diagram of uniform gradient in a cash flow (in the given figure), the gradient is :
Options
A. Rs 10000 per year
B. Rs 15000 per year
C. Rs 20000 per year
D. Rs 25000 per year

10. Pick up the correct statement from the following:
Options
A. The ability of a company to meet obligations which are likely to mature in short term, is called liquidity.
B. The liquidity ratio may be defined as a relationship of current liabilities and current assests and advances.
C. The liquidity ratios are used to indicate the financial position of the firm.
D. All of these

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