Consider the following statements regarding quality control:1. It refers to absolute conformity to specifications.2. It may not vouch against overspending.3. It may unknowingly resort to overdesign in the hope of risk minimization.4. It is intended to reduce maintenance costs.Which of the above statement are correct?

Consider the following statements regarding quality control:1. It refe

1.	Consider the following statements regarding quality control:1. It refers to absolute conformity to specifications.2. It may not vouch against overspending.3. It may unknowingly resort to overdesign in the hope of risk minimization.4. It is intended to reduce maintenance costs.Which of the above statement are correct?
A.	1 and 3 only
B.	2 and 3 only
C.	2 and 4 only
D.	1 and 4 only
Answer» E.

Discussion

No Comment Found

Related MCQs

Match the pairs Column A Column Bi.Original cost of property minus the depreciation amount up to the previous year.a.Salvage valueii.Due to fear of war or riot property cannot fetch full market value.b.Distress valueiii.The value of property building at the end of its utility period without being dismantled.c.Book value
An old building has been purchased by a person at cost of Rs. 30,000/- excluding the cost of land. What is the amount of annual sinking fund at 4 % interest assuming the future life of building as 20 years and scrap value of building as 10 % of cost of purchase?
Annual rent is generally fixed at _____ value of building.
Calculate the years purchase for a property of useful life of 30 years and the rate of interest of 5% per annum. The rate of interest for the sinking fund is 3%.
A test facility setup coast Rs. 10,00,000 at the time of installation, and its scrap value is Rs. 50,000 at the end of the useful life in 10 years. Adopting a straight line method for computation of depreciation, estimate the book value of the facility at the end of five years.
Consider the following statements regarding tendering for a civil work:1. Earnest money deposit (EMD) is a prerequisite to tender for a work.2. It is not essential to call for the contractor’s credentials when a tender is invited.Which of the above statements is/are correct?
A construction equipment has an initial cost of Rs. 2,00,000 and salvage value of Rs. 50,000 at the end of an economic life of 5 years. The rate of straight-line depreciation and total depreciation will be
In the straight line method, the expression for depreciation of a machine having purchasing cost C, scrap value S and useful life of the machinery n, is _____.
An owner of a building requires ~ 15,000 to repair his building after 5 years. What sum should the owner have to invest now in order to receive the required amount of money at a rate of compound interest of 8%?
A procedure of actual costing and valuing an item of work on the basis of labourers and materials required is:

Discussion

No Comment Found

Related MCQs

Reply to Comment