Test Bank for Engineering Economics Financial
Decision Making for Engineers Canadian 6th
edition
TEST Bank
Engineering Economics
6th Edition
Niall M. Fraser
,Elizabeth M. Jewkes
Mehrdad Pirnia
,Engineering Economics, 6e (Fraser/Pirnia)
Chapter 1 Engineering Decision Making
1.1 Multiple Choice Questions
1) Evaluation of an engineering project involves the following constraints
A) financial, environmental, social and political constraints.
B) technical and financial constraints.
C) technological and social constraints.
D) time and money constraints.
E) budget and time constraints
. Answer: A
Diff: 1 Type: MC
Page Ref: 3 Topic: 1.1. Engin
eering decision making Skill: Recall
Type: Qualitative
2) Engineering economics is
A) a body of knowledge to determine which of several alternative is technically best.
B) a collection of techniques for quantitative analysis to select a preferable alternative fr
om several technically viable ones.
C) a set of tools to calculate an engineering project's costs.
D) a set of rules to evaluate an engineering project.
E) a set of methods to determine an engineering project's costs in terms of time value of mo
ney. Answer: B
Diff: 1 Type: MC Page Ref: 3
Topic: 1.2. What is engineering economics Sk
ill: Recall
Type: Qualitative
3) From an economic standpoint, any engineering project can be thought of in terms of
A) its costs and benefits over time.
B) its constraints.
C) its receipts and disbursements.
D) its revenues and profits over time.
E) its investment and costs over tim
e. Answer: A
Diff: 1 Type: MC Page Ref: 3
Topic: 1.2. What is engineering economics Sk
ill: Recall
Type: Qualitative
1
© 2017 Pearson Canada In
, 4) In= the= context= of= your= textbook,= abstraction= means
A) a= study.
B) a= method.
C) a= methodology.
D) a= model.
E) an=approach
.=Answer:= D
Diff:= 1= = Type:= MC
Page=Ref:=6=Topic:=1.4.=D
=ealing=with=abstractions=Skill:= Rec
a=ll
Type:= = Qualitative
5) When=an=engineer=prepares=a=feasibility=study,=what=economic=information=must=she=posse
ss= in=order=to=do=it=correctly?
A) engineering= specification
B) expert= opinion= about= this= project
C) macroeconomic= situation= in= the= world
D) potential= future= costs= and= benefits= of= the= project
E) the=level=of=uncertain
t=y=Answer:= D
Diff:= 2= = Type:= MC
Page=Ref:=6=Topic:=1.4.=D
=ealing=with=abstractions=Skill:= Ap
pl=ied
Type:= = Qualitative
6) In= which= of= the= following= problems= do= you= need= engineering= economics?
A) to= choose= a= course= in= your= program
B) to= chose= the= right= textbook
C) to= decide= whether= to= borrow= money= from= parents= or= from= a= bank
D) to= decide= whether= or= not= to= buy= a= car
E) to=decide=where=to=spend=summer=vacati
o=n=Answer:= C
Diff:= 2= Type:= MC= Page= Ref:= 6-
8=Topic:=1.4.=Dealing=with=abstract
i=ons=Skill:= Applied
Type:= = Qualitative
2
©= 2017= Pearson= Canada=
In
Decision Making for Engineers Canadian 6th
edition
TEST Bank
Engineering Economics
6th Edition
Niall M. Fraser
,Elizabeth M. Jewkes
Mehrdad Pirnia
,Engineering Economics, 6e (Fraser/Pirnia)
Chapter 1 Engineering Decision Making
1.1 Multiple Choice Questions
1) Evaluation of an engineering project involves the following constraints
A) financial, environmental, social and political constraints.
B) technical and financial constraints.
C) technological and social constraints.
D) time and money constraints.
E) budget and time constraints
. Answer: A
Diff: 1 Type: MC
Page Ref: 3 Topic: 1.1. Engin
eering decision making Skill: Recall
Type: Qualitative
2) Engineering economics is
A) a body of knowledge to determine which of several alternative is technically best.
B) a collection of techniques for quantitative analysis to select a preferable alternative fr
om several technically viable ones.
C) a set of tools to calculate an engineering project's costs.
D) a set of rules to evaluate an engineering project.
E) a set of methods to determine an engineering project's costs in terms of time value of mo
ney. Answer: B
Diff: 1 Type: MC Page Ref: 3
Topic: 1.2. What is engineering economics Sk
ill: Recall
Type: Qualitative
3) From an economic standpoint, any engineering project can be thought of in terms of
A) its costs and benefits over time.
B) its constraints.
C) its receipts and disbursements.
D) its revenues and profits over time.
E) its investment and costs over tim
e. Answer: A
Diff: 1 Type: MC Page Ref: 3
Topic: 1.2. What is engineering economics Sk
ill: Recall
Type: Qualitative
1
© 2017 Pearson Canada In
, 4) In= the= context= of= your= textbook,= abstraction= means
A) a= study.
B) a= method.
C) a= methodology.
D) a= model.
E) an=approach
.=Answer:= D
Diff:= 1= = Type:= MC
Page=Ref:=6=Topic:=1.4.=D
=ealing=with=abstractions=Skill:= Rec
a=ll
Type:= = Qualitative
5) When=an=engineer=prepares=a=feasibility=study,=what=economic=information=must=she=posse
ss= in=order=to=do=it=correctly?
A) engineering= specification
B) expert= opinion= about= this= project
C) macroeconomic= situation= in= the= world
D) potential= future= costs= and= benefits= of= the= project
E) the=level=of=uncertain
t=y=Answer:= D
Diff:= 2= = Type:= MC
Page=Ref:=6=Topic:=1.4.=D
=ealing=with=abstractions=Skill:= Ap
pl=ied
Type:= = Qualitative
6) In= which= of= the= following= problems= do= you= need= engineering= economics?
A) to= choose= a= course= in= your= program
B) to= chose= the= right= textbook
C) to= decide= whether= to= borrow= money= from= parents= or= from= a= bank
D) to= decide= whether= or= not= to= buy= a= car
E) to=decide=where=to=spend=summer=vacati
o=n=Answer:= C
Diff:= 2= Type:= MC= Page= Ref:= 6-
8=Topic:=1.4.=Dealing=with=abstract
i=ons=Skill:= Applied
Type:= = Qualitative
2
©= 2017= Pearson= Canada=
In
