State whether True or False:

a. The choice of construction equipment defines the construction method, which in a way leads to the determination of time and cost for the project.

b. Construction equipment can be classified on the basis of functional aspects, operational aspects, and purpose (general or special).

c. The two broadly important factors for selection of construction equipment are hard factors and soft factors.

d. Hard factors for equipment selection are intangible in nature, whereas soft factors are tangible and quantifiable in nature.

e. Some of the decision variables affecting selection of construction equipment are—economic considerations, company-specific, site-specific, equipment-specific, client- and project-specific, manufacturer-specific and labour-specific.

f. Straight-line method, sum of years digit method, and declining balance method are the methods to select construction equipment.

g. Replacement of an existing productive asset becomes necessary due to physical or mechanical impairment, technological obsolescence, uneconomic increasing maintenance cost, and functional inadequacy.

h. Sensitivity analysis is a non-probabilistic technique and it is aimed at identifying the sensitivity of a particular variable.

i. Breakeven analysis is equivalent to cost-volume-profit analysis.

j. (Price - direct cost) is known as contribution per unit.

k. Breakeven point 5 indirect cost/contribution.

l. Companies try to lower breakeven point by decreasing sales price, increasing total cost of production, or decreasing quantity of production.