Cost Estimating Theory

Cost Estimating Theory

12th Grade - University

16 Qs

quiz-placeholder

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Cost Estimating Theory

Cost Estimating Theory

Assessment

Quiz

Other, Education, Architecture

12th Grade - University

Medium

Created by

Nor Syamina

Used 52+ times

FREE Resource

16 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

An estimate is

a calculation of the quantities of various items of work and the expenses

is journal which is not usable for any project especially expenses of any project

indicating a project will 100% work based on it without any error

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Costing is

sistematic procedure for keeping your money save

sistematic procedure for calculating an actual cost

sistematic procedure to keep track of your daily coffee expenses.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Estimation of a project is

a forecast of its probable cost

a forecast of money

4.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

The purpose of cost estimating is to......

Choose all the correct answer below.

find the cost of the manufacturing

find the cost of operations involve

assist in setting the price for the project

find the cost irrelevant items

5.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Cost estimating is importance to:-

know the quantities of various materials

decide the proposal cost

matching cost with budget

invite client's quotation

make the meeting interesting

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

"Obtain the administrative and technical approval of estimate from the competence authorities to release the funds for construction."


The statement above explains about ....

the importance of cost estimating

the definition of cost estimating

the side-effect of cost estimating

7.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Aims of Cost estimation.


Choose all correct answers

to establish world's currency

to determine the most economical process

to make decision

to prepare production budget

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