COST DATA
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10 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What is the definition of COST ?
the amount of money PAID to PRODUCE a product or service
the amount of money PAID to GAIN a product or service
the amount of money RECEIVED to PRODUCE a product or service
the amount of money RECEIVED to GAIN a product or service
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What is the definition of COST ?
the amount of money PAID to PRODUCE a product or service
the amount of money PAID to GAIN a product or service
the amount of money RECEIVED to PRODUCE a product or service
the amount of money RECEIVED to GAIN a product or service
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
The below is included in the building cost EXCEPT
Material Cost
Labour Cost
Plant and Equipment Cost
Overhead Cost
Consultation Cost
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Formula of Index Number
Proposed rate = current rate x original index
Original index
Proposed rate = original rate x current index
Current index
Proposed rate = original index x current index
Original rate
Proposed rate = original rate x current index
Original index
5.
DRAG AND DROP QUESTION
45 sec • 1 pt
Price is defined as (a) whereas COST is defined as
(b)
the amount of money RECEIVED to PRODUCE a product or service
the amount of money RECEIVED to GAIN a product or service
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
There are a few types of Index Number. However, as a QS, we frequently used 2 types of Index Number which are
Consumer Price Index and Tender Price Index
Tender Price Index and Building Cost Index
Building Cost Index and Market Price Index
Tender Price Index and Market Price Index
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What does the location index measure?
Changes in weather patterns
Changes in population density
Changes due to different time periods
Changes due to different locations
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