1 - Construction Methods and Equipment Management
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Practice Questions
Test your understanding with targeted questions
Define the term 'sunk cost'.
💡 Hint: Think about costs that you can't get back once spent.
What does EAC stand for?
💡 Hint: It's something annual that helps analyze costs.
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Interactive Quizzes
Quick quizzes to reinforce your learning
What does EAC stand for?
💡 Hint: Think of what EAC influences in decision-making.
Sunk costs are relevant in replacement analysis.
💡 Hint: Recall what defines sunk costs.
3 more questions available
Challenge Problems
Push your limits with advanced challenges
A construction firm plans to replace machinery valued annually at a decline rate of 25%. Assess its economic life modeled until it costs more to run it than to replace it. Develop a cost-benefit chart using EAC.
💡 Hint: Analyze costs thoroughly to spot replacement points effectively.
Given two competing machines, one incurs higher operating costs but has a lower initial investment, while the other has a higher initial cost but lower operational costs. Use EAC to recommend the optimal replacement choice considering a 10-year life span.
💡 Hint: Display findings clearly using comparative visuals.
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