Practice - Using Literature for Estimates
Enroll to start learning
You’ve not yet enrolled in this course. Please enroll for free to listen to audio lessons, classroom podcasts and take practice test.
Practice Questions
Test your understanding with targeted questions
What are operating costs?
💡 Hint: Think about when costs apply.
Name a component of operating costs.
💡 Hint: Consider what is used during operation.
4 more questions available
Interactive Quizzes
Quick quizzes to reinforce your learning
What are operating costs?
💡 Hint: Think about costs when machines are actually working.
True or False: Ownership costs are fixed, regardless of equipment use.
💡 Hint: Consider what it means to own equipment.
2 more questions available
Challenge Problems
Push your limits with advanced challenges
Estimate the operating costs for a project using both the Caterpillar and Peurifoy methods given a consistent usage pattern.
💡 Hint: Look for consistency in your estimates.
Discuss how changing job conditions can alter estimations of operating costs and provide examples.
💡 Hint: Compare different scenarios to illustrate your points.
Get performance evaluation
Reference links
Supplementary resources to enhance your learning experience.