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Engineering Economy Online Exam Quiz

Important questions about Engineering Economy. Engineering Economy MCQ questions with answers. Engineering Economy exam questions and answers for students and interviews.

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

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.

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

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)

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

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

1. Probabilistic estimating of a construction project includes:

Options

A : Labour

B : Productivity

C : wage scale

D : All of these

4. 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

5. 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

6. 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.

D :

7. 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.

8. Which one of the following is included in financial ratios of the firm?

Options

A : Profitability ratio

B : Liquidity ratio

C : Turnover ratio

D : Ratio of overall performances

9. The alternatives which are standalone solutions for given situations in engineering involve :

Options

A : a purchase cost (first cost)

B : the anticipated life of the assest

C : the yearly costs of maintaining the assest (annual maintenance and operating cost)

D : the anticipated resaleable value (salvage value) and the interest return (rate of return)

1. Which one of the following questions is relevant to the construction estimates :

Options

A : Did the estimators precisely evaluate site conditions ?

B : Did the estimators use short cut methods which may be un realistic in their situation ?

C : How much money will the contractor's risk, loosing if he Were to submit bid on the raw estimate of cost.

D : All of these

2. The wages of supervisors and material handlers are charged as :

Options

A : Over head

B : direct labour cost

C : indirect labour cost

D : None of these

6. The ratio of current assests to current liabilities is known as

Options

A : Liquidity ratio

B : Current ratio

C : Acid-Test (or Quick) ratio

D : Debts ratio

7. The interest calculated on the basis of 365 days a year, is known as :

Options

A : interest

B : ordinary simple interest

C : exact simple interest

D : None of these

10. Both architect and engineer make use of the cost estimate of the project:

Options

A : for site selection

B : for designing of the project

C : for choosing alternatives

D : All of these

1. Ratio analysis of a construction firm is used for analysis by :

Options

A : share holders

B : firm's management

C : Banks of the firm

D : financial analysts

2. If a is the base amount expenditure, b is the increase in the operation cost each year over a period of n years, the total cost of maintenance is :

Options

A : a + ( n + 1) b

B : a + ( n - 1) b

C : a x ( n - 1) b

D : a - ( n - 1) b

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