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1st Assignment of 3rd Year 6th Semester 2023 EEPM

This document contains an engineering economics and project management assignment with multiple choice questions and long answer questions. The multiple choice questions cover topics like the definition of engineering economy, financial ratios, sunk costs, annuities, earnings per share, capital budgeting methods, equilibrium price, overhead costs, project management process groups, project characteristics, and key project documents. The long answer questions ask about the relationship between engineering and economics, opportunity cost and rationality costs, the definition and classification of projects, the definition and importance of project management, environmental impacts of projects, and the features and stages of a project life cycle.

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SUBRATA MODAK
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66 views2 pages

1st Assignment of 3rd Year 6th Semester 2023 EEPM

This document contains an engineering economics and project management assignment with multiple choice questions and long answer questions. The multiple choice questions cover topics like the definition of engineering economy, financial ratios, sunk costs, annuities, earnings per share, capital budgeting methods, equilibrium price, overhead costs, project management process groups, project characteristics, and key project documents. The long answer questions ask about the relationship between engineering and economics, opportunity cost and rationality costs, the definition and classification of projects, the definition and importance of project management, environmental impacts of projects, and the features and stages of a project life cycle.

Uploaded by

SUBRATA MODAK
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Engineering Economics & Project Management 1st Assignment

MCQ – Choose the correct alternative.


i) Pick up the correct statement from the following-
(a) Engineering economy is a collection of mathematical techniques which simplify economic
comparisons (b) Engineering economy is a decision assistance tool by which one method will be
chosen as the most economically one (c) For understanding the engineering economy, one should be
able to classify the basic terminology and fundamental concepts of economy (d) All of these.
ii) The ratio obtained by dividing 'quick assets' by current liabilities is called-
(a) Turnover ratio (b) Acid test ratio (c) Ratio (d) None of these.
iii) The ratio of current assets to current liabilities is known as-
(a) Liquidity ratio (b) Acid-Test (or Quick) ratio (c) Current ratio (d) Debts ratio.
iv) Which one of the following is included in financial ratios of the firm?
(a) Profitability ratio (b) Liquidity ratio (c)Turnover ratio (d) All of these.
v) The sunk costs include-
(a) A past expenditure (b) Unrecovered balance
(c) An invested capital that cannot be retrieved (d) All of these.
vi) Annuities involve-
(a) A series of payments (b) Payment at equal time intervals
(c) payments at the end of periods (d) All of these.
vii) Earnings per share is the most important ratio for-
(a) Shareholders (b) Banks (c) Company's management (d) All of these.
viii) Pick up the method used for project evaluation and selection in capital budgeting from the
following-
(a) Payback period (b) Internal ratio of return (c) Net present worth (d) All of these.
ix) The price at which Quantity Demanded = Quantity Supplied is-
(a) Market price (b) Equilibrium price (c) Consumer’s price (d) Supply price.
x) The wages of supervisors and material handlers are charged as-
(a) Overhead (b) Direct labour cost (c) Indirect labour cost (d) None of these.
xi) In Project management when does planning take place?
(a) Before the project (b) During the project execution
(c) At the start of the project (d) After the project.
xii) The project management process groups are-
(a) Initiating, planning, expediting and control (b) Plan, organize, develop and control
(c) Plan, do, observe and commit (d) Initiating, planning, executing, monitoring, controlling and
closing.
xiii) Which process recognizes that a project or phase should begin and commits the organization to
do so-
(a) Initiating process (b) Solicitation process (c) Scoping process (d) Planning process.
xiv) In which of the following project management process groups, most of the time and money are
typically spent?
(a) Initiating (b) Planning (c) Executing (d) Closing.
xv) Which of the following are characteristics of a project?
(a) Temporary (b) Definite beginning and end (c) Interrelated activities (d) All of these.
xvi) The document that officially sanctions the project is the-
(a) Project charter (b) Project plan (c) Feasibility study (d) Cost-benefit analysis.
xvii) An activity which consumes no resources is called-
(a) Start Activity (b) Critical Activity (c) Dummy Activity (d) End Activity.
xviii) Which of the following represents the estimated value of the work actually accomplished?
(a) Earned value (EV) (b) Planned value (PV) (c) Actual cost (AC) (d) Cost variance (CV).

Large answer type question.


1. a) State the relationship between Engineering and Economics.
b) Write short notes on the followings (i) Opportunity cost (ii) rationality costs.
2. a) Define ‘Project’.
b) Explain the classification of projects on various bases.
3. a) What is project management?
b) Explain the importance of project management.
4. a) What is the adverse impact of the project on the environment?
b) Summarize the Features of Perfectly Competitive Market.
5. a) What is project life cycle?
b) Explain the stages in project life cycle.

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