Construction Management (2180611) MCQs

MCQs of Construction project cost and cost and value managements

Showing 11 to 16 out of 16 Questions
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11.
By adopting value engineering for large construction process upto ________ % of saving can be done.
(a) 10%
(b) 20%
(c) 2%
(d) 5%
Answer:

Option (b)

12.
As per value engineering worth is __________
(a) Total amount of money required
(b) Ration of value and cost
(c) Maximum cost required
(d) Least cost required
Answer:

Option (d)

13.
As per value engineering cost is ________
(a) Total amount of money required
(b) Relation of value and worth
(c) Maximum worth required
(d) Least value delivered
Answer:

Option (a)

14.
Value index = ________
(a) CostWorth
(b) TimeCost
(c) WorthCost
(d) CostUtility
Answer:

Option (c)

15.
Value index can be improved by ________
(a) Improving the utility with no change in cost
(b) Retaining the same utility for less cost
(c) Combining improved utility and less cost
(d) All of the above
Answer:

Option (d)

16.
Relationship of worth and cost can be termed as ________.
(a) Price
(b) Value
(c) Expense
(d) Income
Answer:

Option (b)

Showing 11 to 16 out of 16 Questions
1 2