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Q: Which of the following includes the cost of hire charges for the vehicle for an 8-hour working period in a day with the cost of the driver?
  • A. Loading of the vehicle
  • B. Labour cost
  • C. Cost of owing
  • D. Miscellaneous
Correct Answer: Option C - Cost of owing–Owing cost means cost of purchasing the construction equipment whether its new or used one. • Cost of hire charges for the vehicle for an 8 hours working period in a day with the cost of the driver is called cost of owing.
C. Cost of owing–Owing cost means cost of purchasing the construction equipment whether its new or used one. • Cost of hire charges for the vehicle for an 8 hours working period in a day with the cost of the driver is called cost of owing.

Explanations:

Cost of owing–Owing cost means cost of purchasing the construction equipment whether its new or used one. • Cost of hire charges for the vehicle for an 8 hours working period in a day with the cost of the driver is called cost of owing.