Construction Economics Quiz
Authored by Syamim .
Architecture
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15 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the purpose of cost benefit analysis for construction projects?
To determine the number of workers needed for a construction project
To estimate the duration of a construction project
To calculate the total cost of a construction project
To compare the costs and benefits of a project or programme
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the formula for Return on Investment (ROI)?
ROI (%) = Gain from investment / Cost of investment
ROI (%) = Gain from investment - Cost of investment x 100
ROI (%) = Gain from investment - Cost of investment
ROI (%) = Gain from investment * Cost of investment
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What are some social benefits of construction projects?
Reduced employment opportunities
Growth of the local and national economies
Decreased food supply at higher costs
Increased traffic congestion
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What are some social costs of construction projects?
Increased tax revenue
Traffic impact
Sustainable irrigated agriculture
Fisheries development
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the notion of optimality in construction projects?
To create losses for many in a society, even if it causes gains for some
To create gains for all in a society without causing any losses
To create gains for many in a society, even if it causes losses for some
To create gains for some in a society without causing any losses
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the measure that investigates the amount of additional profits produced due to a certain investment?
Return on Investment
Social benefits of construction projects
Cost Benefit Analysis
Pareto optimality
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What are some environmental costs of construction projects?
Traffic congestion
Fisheries development
Property damage
Leading environmental concerns/pollution
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