WMGT 101 Exam 2 Quiz Questions and answers verified to pass 2024/2025
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WMGT 101 Exam 2 Quiz Questions and answers verified to pass 2024/2025 WMGT 101 Exam 2 Quiz Questions
Econ:
Who in the Civil Engineer Squadron is responsible for evaluating investment decisions based on life-cycle costs? (That is, who is involved in engineering economics?) - correct answer ...
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WMGT 101 Exam 2 Quiz Questions
Econ:
Who in the Civil Engineer Squadron is responsible for evaluating investment
decisions based on life-cycle costs? (That is, who is involved in engineering
economics?) - correct answer ✔Everyone with a role in supporting or making
investment decisions.
Econ:
The concept of "Time Value of Money" means what?
(absent any spikes in the economy) - correct answer ✔A thousand dollars
will buy less in the future than it does today.
Econ:
You are considering alternatives to building a new office building. One of the
alternatives is to build an addition to the existing office building on the north
side. Another alternative is to build an addition to the existing office building
on the west side.
These two alternatives fail the standards for alternatives based on which
criterion? - correct answer ✔Distinguishable
Econ:
You are considering a Direct Digital Control system for a building to replace
the current pneumatic system. The life span of the control system is 15 years.
, You also estimate you can continue to keep the existing pneumatic system
functional for 15 years. There are costs occurring throughout the life of the
systems to include year 5, year 10, and year 14.
For the purpose of the Engineering Economics life-cycle cost analysis, what is
the appropriate term of analysis? - correct answer ✔15 years
Econ:
Which of the following situations would require an economic analysis?
[NOTE: Replacement Values given are the calculated cost to replace a facility,
not the Plant Replacement Values. Use the values as given and do not adjust
them!]
A. Replace roof on a pole barn (repair project) at $500,000 (facility
replacement value: $600,000)
B. Construct a new compressed gas storage facility (Construction) at
$1,850,000 (no replacement value)
C. Renovate with headquarters (repair) at $7,800,000 (facility replacement
value of $15,000,000)
D. Install a temporary relocatable sprung shelter to house the gym functions
while the gym is renovated ($750,000 equipment costs, $250,000 construction
costs - no facility replacement value)
E. All of the Above
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