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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
What does the Caterpillar method focus on?
💡 Hint: Think about how businesses track equipment costs over time.
Question 2
Easy
Describe what FOG stands for.
💡 Hint: Remember the components affecting operational expenses.
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 acronym FOG stand for?
- Fuel
- Oil
- and Grease
- Filter
- Oil
- and Grease
- Fix
- Operate
- and Generat
💡 Hint: It relates to operational costs.
Question 2
True or False: The Caterpillar method relies solely on current market rates.
- True
- False
💡 Hint: Think about how this method bases its calculations.
Solve 2 more questions and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
You are estimating costs for an unconventional mining project. Discuss the pros and cons of using the Caterpillar method vs. the Time Value method.
💡 Hint: Weigh the historical data reliability against project uniqueness.
Question 2
Analyze how incorrect FOG factor estimates impact project overall costs. Propose mitigations.
💡 Hint: Consider how ongoing adjustments can help maintain budget accuracy.
Challenge and get performance evaluation