Practice Module 1 - Planning Process Of The Equipment (2) - Construction Methods and Equipment Management

Practice: Module 1 - Planning Process of the Equipment

Lesson 2Construction Methods and Equipment Management

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9 questions

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5 cards from this section. Quick, good the night before a test.
Exercise
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Quiz
3 questions · about 2 min · pass mark 70%. Hints available.
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6 sample questions

Question 1.
What are the two main categories of equipment costs?
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Think about the costs associated with maintaining equipment as opposed to the purchase costs.
Question 2.
What is the economic life of equipment?
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Consider when costs are minimized.
3Question 3.
What are the two main categories of costs related to construction equipment?
- Owning and operating
- Fixed and variable
- Direct and indirect
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Remember to consider both the purchase and usage of equipment.
4Question 4.
True or False: The economic life of equipment is the time frame when it starts to incur higher costs.
- True
- False
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Reflect on why we focus on this concept in equipment management.
Question 5.
You are tasked with estimating the total costs associated with a new excavator over its lifetime. What factors will you include in your calculation, and why?
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Think about what costs arise regularly versus one-time costs.
Question 6.
Analyze a case where a company continues using outdated machinery due to perceived savings. What could be the long-term financial impacts?
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Consider the financial repercussions of downtime against maintaining old equipment.

5 more questions in this section. Enroll free to practise them all.