- 1 Marks
Question
Which of the following is NOT a problem associated with site and contract works?
A. Pilferage of materials, tools, etc
B. Unauthorised use of equipment and vehicles
C. Simple quantity budget for materials usage
D. Incorrect labour bookings
E. General difficulties of recording and paperwork
Answer
C. Simple quantity budget for materials usage
Explanation:
The correct answer is option C, “Simple quantity budget for materials usage.”
Explanation: Problems in site and contract works typically include issues such as pilferage, unauthorised use of equipment, incorrect labour bookings, and paperwork difficulties. Simple quantity budgeting is not generally considered a problem but a necessary practice for managing resources effectively.
- Tags: Contract Costing, Cost Management, Site Works
- Level: Level 1
- Topic: Costing Methods
- Series: MAR/JULY 2020
- Uploader: Theophilus