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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
What does 'economic useful life' refer to?
💡 Hint: Think about the balance of costs and revenues.
Question 2
Easy
What terminology is used for the currently installed machine?
💡 Hint: Consider which machine is in use.
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 is economic useful life related to?
- Minimizing costs
- Maximizing profits
- Both
💡 Hint: Think about both sides of cost and profit.
Question 2
True or False: The defender is always the most productive unit in use.
- True
- False
💡 Hint: Consider the context of competition.
Solve 2 more questions and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
A construction company has an excavator that costs $10,000 a year to maintain. However, new models can operate at a profit of 20% more due to efficiency and reduced operational costs. How might the company assess when to replace the excavator?
💡 Hint: Consider future operational efficiency and current maintenance burdens.
Question 2
An aging bulldozer frequently breaks down but can still perform some tasks with a low productivity rate. Discuss how the contractor might decide whether to invest in repairs or a new machine.
💡 Hint: Think about profit versus cost in decision-making.
Challenge and get performance evaluation