Engineering Economy problems
- 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 Discuss
Correct Answer: All of these
- 2. 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. Discuss
Correct Answer: All of these.
- 3. Current assests less inventories divided by current liabilities is known as
Options- A. Liquidity ratio
- B. Current ratio
- C. Acid-Test (or Quick) ratio
- D. Debts ratio Discuss
Correct Answer: Acid-Test (or Quick) ratio
- 4. The financial analysis helps to judge:
Options- A. The operational efficiency of the firm
- B. The financial position of the firm.
- C. Both (a) and (b)
- D. Neither (a) nor (b) Discuss
Correct Answer: Both (a) and (b)
- 5. Pick up the element of the cost from the following:
Options- A. direct material
- B. direct labour
- C. Over head
- D. All of these Discuss
Correct Answer: All of these
- 6. 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 Discuss
Correct Answer: Rs 25000 per year
- 7. 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
Correct Answer: All of these
- 8. 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
Correct Answer: (1 + ni)
- 9. 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
Correct Answer: All the above.
- 10. 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
Correct Answer: To keep the project cost within the cost budget and knowing when and where job costs are deviating.
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