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Civil Engineering Objective Questions { Engineering Economics }

29. Pick up the correct statement from the following :
A. Ratio analysis is the procedure of determining and interpreting numerical relationship of various items of the financial statement.

30. Which one of the following is not a construction estimate?
A. Initial feasibility estimate
B. Conceptual preliminary budget
C. Definite estimate
D. None of these

31. 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

32. Probabilistic estimating of a construction project includes :
A. Labour
B. Productivity
C. wage scale
D. All of these

33. Which one of the following questions is relevant to the construction estimates :
A. Did the estimators precisely evaluate site conditions ?
B. Did the estimators use short cut methods which may be unrealistic in their situation ?
C. how much money will be contractor's is, loosing if he were to submit bid on the raw estimate of cost.
D. All of these

34. Pick up the correct reason for making conceptual (or preliminary) estimate from the following :
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,

35. Pick up the correct method adopted for developing the approximate or conceptual estimates from the following :
A. Based unit method
B. Cost per function method
C. Cost per square metre
D. All of these

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