Test Bank for Engineering Economics Financial Decision Making for Engineers Canadian 6th edition

Test Bank for Engineering Economics Financia
F7 F7 F7 F7 F7



l Decision Making for Engineers Canadian 6th
F7 F7 F7 F7 F7 F7 F7



edition

, TEST Bank F7




Engineering Economics
F7



6th Edition
F7




NiallF7M.F7Fraser


ElizabethF7M.F7Jewkes


MehrdadF7Pirnia

,EngineeringF7Economics,F76eF7(Fraser/Pirnia
)F7ChapterF71F 7 EngineeringF7DecisionF7Mak
ing

1.1 MultipleF7ChoiceF7Questions

1) EvaluationF7ofF7anF7engineeringF7projectF7involvesF7theF7followingF7constraints
A) financial,F7environmental,F7socialF7andF7politicalF7constraints.
B) technicalF7andF7financialF7constraints.
C) technologicalF7andF7socialF7constraints.
D) timeF7andF7moneyF7constraints.
E) budgetF7andF7timeF7constrain
ts.F7Answer:F 7 A
Diff:F71 Type:F7MC
PageF7Ref:F73F7Topic:F71.1.F7En
gineeringF7decisionF7makingF7Skill:F 7 Re
call
Type:F 7 Qualitative

2) EngineeringF7economicsF7is
A) aF7bodyF7ofF7knowledgeF7toF7determineF7whichF7ofF7severalF7alternativeF7isF7technicallyF7best.
B) aF7collectionF7ofF7techniquesF7forF7quantitativeF7analysisF7toF7selectF7aF7preferableF7alterna
tiveF7fromF7severalF7technicallyF7viableF7ones.
C) aF7setF7ofF7toolsF7toF7calculateF7anF7engineeringF7project'sF7costs.
D) aF7setF7ofF7rulesF7toF7evaluateF7anF7engineeringF7project.
E) aF7setF7ofF7methodsF7toF7determineF7anF7engineeringF7project'sF7costsF7inF7termsF7ofF7timeF7val
ueF7ofF7money.F7Answer:F 7 B
Diff:F71 Type:F7MC PageF7Ref:F73
Topic:F71.2.F7WhatF7isF7engineeringF7economics
F7Skill:F 7 Recall
Type:F 7 Qualitative

3) FromF7anF7economicF7standpoint,F7anyF7engineeringF7projectF7canF7beF7thoughtF7ofF7inF7termsF7of
A) itsF7costsF7andF7benefitsF7overF7time.
B) itsF7constraints.
C) itsF7receiptsF7andF7disbursements.
D) itsF7revenuesF7andF7profitsF7overF7time.
E) itsF7investmentF7andF7costsF7overF7t
ime.F7Answer:F 7 A
Diff:F71 Type:F7MC PageF7Ref:F73
Topic:F71.2.F7WhatF7isF7engineeringF7economics
F7Skill:F 7 Recall
Type:F 7 Qualitative




1
©F72017F7PearsonF7CanadaF
7Inc.

, 4) InF7theF7contextF7ofF7yourF7textbook,F7abstractionF7means
A) aF7study.
B) aF7method.
C) aF7methodology.
D) aF7model.
E) anF7approach
.
Answer:F 7 D
Diff:F71 Type:F7MC
PageF7Ref:F76F7Topic:F71.4.
F7DealingF7withF7abstractionsF7Skill:F
7 Recall
Type:F 7 Qualitative

5) WhenF7anF7engineerF7preparesF7aF7feasibilityF7study,F7whatF7economicF7informationF7mustF7sheF
7possessF7inF7orderF7toF7doF7itF7correctly?
A) engineeringF7specification
B) expertF7opinionF7aboutF7thisF7project
C) macroeconomicF7situationF7inF7theF7world
D) potentialF7futureF7costsF7andF7benefitsF7ofF7theF7project
E) theF7levelF7ofF7uncertai
ntyF7Answer:F 7 D
Diff:F72 Type:F7MC
PageF7Ref:F76F7Topic:F71.4.
F7DealingF7withF7abstractionsF7Skill:F
7 Applied
Type:F 7 Qualitative

6) InF7whichF7ofF7theF7followingF7problemsF7doF7youF7needF7engineeringF7economics?
A) toF7chooseF7aF7courseF7inF7yourF7program
B) toF7choseF7theF7rightF7textbook
C) toF7decideF7whetherF7toF7borrowF7moneyF7fromF7parentsF7orF7fromF7aF7bank
D) toF7decideF7whetherF7orF7notF7toF7buyF7aF7car
E) toF7decideF7whereF7toF7spendF7summerF7vac
ationF7Answer:F 7 C
Diff:F72F7Type:F7MCF7PageF7Ref:F76-
8F7Topic:F71.4.F7DealingF7withF7abstra
ctionsF7Skill:F 7 Applied
Type:F 7 Qualitative




2
©F72017F7PearsonF7CanadaF
7Inc.