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- Question
Pick up the correct statement from the following:
Options- A.
- B. Over head cost per unit = Overhead ratio x direct labour cost/unit
- C. both (a) and (b)
- D. neither (a) nor (6)
- Correct Answer
- both (a) and (b)
- 1. Probabilistic estimating of a construction project includes:
Options- A. Labour
- B. Productivity
- C. wage scale
- D. All of these Discuss
- 2. The key to profitable operation for project cost control, is :
Options- A. To keep the project cost equal to original cost estimate.
- B. To keep the project cost equal to subsequent construction budget.
- C. To keep the project cost within the cost budget and knowing when and where job costs are deviating.
- D. None of these Discuss
- 3. Pick up the correct statement from the following:
Options- 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. Discuss
- 4. If P is principal amount, i is the rate of interest and n is the number of periods in years, then the interest factor is :
Options- A. (1 + ni)
- B. (ni - 1)
- C. ni
- D. None of these Discuss
- 5. 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 Discuss
- 6. Current ratio is :
Options- A.
- B.
- C.
- D. None of these. Discuss
- 7. The estimate based on a detailed quantity survey and furnishes the most accurate and reliable estimate possible is known as
Options- A. Conceptual estimate
- B. Definitive estimate
- C. Probabilistic estimate
- D. None of these Discuss
- 8. Pick up the ratio which gives us sufficient information by which to judge the financial condition and performance of the firm, from the following:
Options- A. Liquidity ratio
- B. Financial leverage ratio
- C. Activity ratio
- D. Portability
- E. None of these Discuss
- 9. The estimator for definitive estimates must be able :
Options- A. and an all-around construction expert.
- B. to read the plans and specifications to determine accurate quantities of permanent materials and installed Equipment.
- C. to express the job material requirements in dimensions suitable for costing and construction supplies. Discuss
- 10. The ratio obtained by dividing 'quick assests' by current liabilities is called
Options- A. Turnover ratio
- B. Acid test ratio
- C. Solvency ratio
- D. None of these. Discuss
Engineering Economy problems
Search Results
Correct Answer: All of these
Correct Answer: To keep the project cost within the cost budget and knowing when and where job costs are deviating.
Correct Answer: All the above.
Correct Answer: (1 + ni)
Correct Answer: All of these
Correct Answer:
Correct Answer: Definitive estimate
Correct Answer: None of these
Correct Answer: to express the job material requirements in dimensions suitable for costing and construction supplies.
Correct Answer: Acid test ratio
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