Construction Economics Quiz

What is the purpose of cost benefit analysis for construction projects?

• To determine the number of workers needed for a construction project

• To estimate the duration of a construction project

• To calculate the total cost of a construction project

• To compare the costs and benefits of a project or programme

What is the formula for Return on Investment (ROI)?

• ROI (%) = Gain from investment / Cost of investment

• ROI (%) = Gain from investment - Cost of investment x 100

• ROI (%) = Gain from investment - Cost of investment

• ROI (%) = Gain from investment * Cost of investment

What are some social benefits of construction projects?

• Reduced employment opportunities

• Growth of the local and national economies

• Decreased food supply at higher costs

• Increased traffic congestion

What are some social costs of construction projects?

• Increased tax revenue

• Traffic impact

• Sustainable irrigated agriculture

• Fisheries development

What is the notion of optimality in construction projects?

• To create losses for many in a society, even if it causes gains for some

• To create gains for all in a society without causing any losses

• To create gains for many in a society, even if it causes losses for some

• To create gains for some in a society without causing any losses

What is the measure that investigates the amount of additional profits produced due to a certain investment?

• Return on Investment

• Social benefits of construction projects

• Cost Benefit Analysis

• Pareto optimality

What are some environmental costs of construction projects?

• Traffic congestion

• Fisheries development

• Property damage

• Leading environmental concerns/pollution

What is the purpose of Return on Investment (ROI) calculation?

• To compare different scenarios for investments

• To calculate the total cost of a construction project

• To estimate the duration of a construction project

• To determine the number of workers needed for a construction project

What are some benefits of a dam construction project?

• Traffic impact

• Drought control

• Economic/business impact

• Productivity reduction

What are some social impacts of construction projects?

• Reduction in tax revenue

• Changes to the shape of the neighborhood

• Disposals of wastage during construction and operation of the project

• Increased food supply at cheaper costs