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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
What is investment cost?
💡 Hint: Think of loans or opportunity cost.
Question 2
Easy
How is insurance cost usually calculated?
💡 Hint: Consider the type of equipment!
Practice 4 more questions and get performance evaluation
Interactive Quizzes
Engage in quick quizzes to reinforce what you've learned and check your comprehension.
Question 1
What does the insurance cost usually range for construction equipment?
- 1-3%
- 5-10%
- 2-4%
💡 Hint: Think about the necessary protection!
Question 2
True or False: Storage costs include wages for security guards.
- True
- False
💡 Hint: Consider all expenses incurred for equipment parking.
Solve 1 more question and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
A company invests in a piece of equipment costing $150,000 with an interest rate of 5% and an insurance cost of 3%. Calculate the overall ownership investment cost including taxes (2%) and storage (1.5%).
💡 Hint: Calculate each cost separately before summing up.
Question 2
Calculate the total ownership cost for machinery valued at $200,000, with investment cost of 8%, insurance cost of 3%, property tax of 4% and storage of 1%.
💡 Hint: Add each component cost step by step.
Challenge and get performance evaluation