You Have Been Asked to Estimate the Costs for a Project

question 1

Multiple Choice

You have been asked to estimate the costs for a project to build an industrial power plant.Based on historical data,the steam turbine accounts for 30 percent of the total costs for the plant.If the steam turbine costs $300,000,the expected top-down estimated cost for this project would be __________.

• A)$10,000
• B)$100,000
• C)$900,000
• D)$1,000,000

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Definitions:

Constitution

The foundational document setting forth the principles, structures, and processes of a government.

Civic Virtue

The cultivation of habits important for the success of the community. Emphasizes actions that support the collective well-being.

Self-interest

The motivation by individuals to pursue actions or goals that are beneficial to themselves.

Common Good

A concept that refers to either policies or actions that benefit all members of a given community or society.