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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
What is equipment life?
💡 Hint: Think about the process from buying to the end of usage.
Question 2
Easy
Define obsolescence.
💡 Hint: Consider new models in the market.
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 the primary purpose of analyzing economic life?
- To increase downtime
- To maximize profitability
- To reduce purchase costs
💡 Hint: Think about how money is impacted by maintaining old machines.
Question 2
True or False: Obsolescence only occurs when equipment is physically broken.
- True
- False
💡 Hint: Consider what happens as new models are released.
Solve and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
A contractor has two excavators: one is 15 years old with high maintenance costs, and one is newly purchased. What factors should the contractor consider before deciding on replacement?
💡 Hint: List down both economic and obsolescence factors.
Question 2
Analyze how the replacement of machinery can lead to increased project profitability using real data from a construction project.
💡 Hint: Consider past performance metrics and compare them with expected outcomes from new machinery.
Challenge and get performance evaluation