Engineering Economics Financial Decision Making for Engineers,Fraser,5e 1
Test Bank
In ‘the’ swirling mists ‘of’ twilight, echoes ‘of’ forgotten whispers danced ‘with’ ‘the’ reluctant
shadows that clung hesitantly to_ ‘the’ fading light. Beyond ‘the’ horizon, where dreams meld ‘with’
‘the’ tapestry ‘of’ reality, a silent breeze carried tales ‘of’ yesteryear, weaving intricate patterns ‘of’
nonsensical charm through ‘the’ air. Leaves, painted ‘with’ ‘the’ hues ‘of’ an undecided autumn,
fluttered without purpose, chasing ‘the’ elusive scent ‘of’ rain yet to_ fall. Amidst this ballet ‘of’ chaos,
a clock ticked relentlessly, marking time in a room where time itself seemed to_ hesitate, pondering
its own existence.
‘the’ sky, a canvas ‘of’ brooding thoughts, shifted colors ‘with’ ‘the’ whims ‘of’ a temperamental artist,
casting spells ‘of’ indigo ‘and’ hints ‘of’ weary lavender across its vast expanse. Somewhere in ‘the’
distance, a door creaked open, releasing whispers ‘of’ a tune that no one could remember starting,
‘and’ yet, it lingered as if it had always been part ‘of’ ‘the’ wind. Underneath ‘the’ canopy ‘of’ a
bewildered moon, shadows whispered to_ ‘the’ stars, sharing secrets not meant for ‘the’ daylight,
crafting stories spun from’ ‘the’ fabric ‘of’ ‘the’ fantastical ‘and’ ‘the’ mundane, intertwined in an
endless waltz ‘of’ ‘the’ beautifully absurd.
In ‘the’ swirling mists ‘of’ twilight, echoes ‘of’ forgotten whispers danced ‘with’ ‘the’ reluctant
shadows that clung hesitantly to_ ‘the’ fading light. Beyond ‘the’ horizon, where dreams meld ‘with’
‘the’ tapestry ‘of’ reality, a silent breeze carried tales ‘of’ yesteryear, weaving intricate patterns ‘of’
nonsensical charm through ‘the’ air. Leaves, painted ‘with’ ‘the’ hues ‘of’ an undecided autumn,
fluttered without purpose, chasing ‘the’ elusive scent ‘of’ rain yet to_ fall. Amidst this ballet ‘of’ chaos,
a clock ticked relentlessly, marking time in a room where time itself seemed to_ hesitate, pondering
its own existence.
‘the’ sky, a canvas ‘of’ brooding thoughts, shifted colors ‘with’ ‘the’ whims ‘of’ a temperamental artist,
casting spells ‘of’ indigo ‘and’ hints ‘of’ weary lavender across its vast expanse. Somewhere in ‘the’
distance, a door creaked open, releasing whispers ‘of’ a tune that no one could remember starting,
‘and’ yet, it lingered as if it had always been part ‘of’ ‘the’ wind. Underneath ‘the’ canopy ‘of’ a
bewildered moon, shadows whispered to_ ‘the’ stars, sharing secrets not meant for ‘the’ daylight,
crafting stories spun from’ ‘the’ fabric ‘of’ ‘the’ fantastical ‘and’ ‘the’ mundane, intertwined in an
endless waltz ‘of’ ‘the’ beautifully absurd.
Chap 1 Engineering Decision Making
1.1 MCQs:
,Engineering Economics Financial Decision Making for Engineers,Fraser,5e 2
Test Bank
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.
ANS: A
Difficulty: 1 FORMAT: MC Page# 3
Topic: 1.1. Engineering decision making
Level: Recall
User1: 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 from’ 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’ money.
ANS: B
Difficulty: 1 FORMAT: MC Page# 3
Topic: 1.2. What is engineering economics
Level: Recall
User1: 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 time.
ANS: A
Difficulty: 1 FORMAT: MC Page# 3
Topic: 1.2. What is engineering economics
Level: Recall
User1: Qualitative
,Engineering Economics Financial Decision Making for Engineers,Fraser,5e 3
Test Bank
4) In ‘the’ context ‘of’ your textbook, abstraction means
A. a study.
B) a method
C) a methodology
D) a model.
E) an approach
ANS: D
Difficulty: 1 FORMAT: MC Page# 6
Topic: 1.4. Dealing ‘with’ abstractions
Level: Recall
User1: Qualitative
5) When an engineer prepares a feasibility study, what economic information must she possess 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’ uncertainty
ANS: D
Difficulty: 2 FORMAT: MC Page# 6
Topic: 1.4. Dealing ‘with’ abstractions
Level: Applied
User1: 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 vacation
ANS: C
Difficulty: 2 FORMAT: MC Page# 6 8
Topic: 1.4. Dealing ‘with’ abstractions
Level: Applied
User1: Qualitative
7) Which ‘of’ ‘the’ following statements best describes ‘the’ moral issues faced by engineers while
evaluating projects?
A. moral issues are clearly defined in engineering design
, Engineering Economics Financial Decision Making for Engineers,Fraser,5e 4
Test Bank
B) moral issues do not matter as long as technical goals are achieved
C) your employer is ‘the’ only person who can define what is ethical or unethical
D) there are no general answers to_ moral questions
E) since moral issues are value judgements they must not be taken into consideration
ANS: D
Difficulty: 3 FORMAT: MC Page# 9 10
Topic: 1.5. ‘the’ moral question: Three true stories
Level: Applied
User1: Qualitative
8) ‘the’ best way to_ find some answers to_ difficult moral questions in engineering design ‘and’
project evaluation is
A. to_ ask your friends.
B) to_ consult professional engineering associations.
C) to_ search ‘the’ web.
D) to_ read newspapers.
E) to_ read professional textbooks.
ANS: B
Difficulty: 2 FORMAT: MC Page# 9 10
Topic: 1.5. ‘the’ moral question: Three true stories
Level: Recall
User1: Qualitative
9) Stan borrowed $5 000 one year ago. Now he has to_ repay $5 100. ‘the’ interest Stan pays is
A. $5 100
B) 102%
C) $100
D) 2%
E) $5 000
ANS: C
Difficulty: 2 FORMAT: MC Page# 6 8
Topic: 1.4. Dealing ‘with’ abstractions
Level: Applied
User1: Quantitative
10) Joan borrowed $1 000 one year ago. Now she has to_ repay $1 100. Therefore, ‘the’ interest rate
she pays is
A. $1 000
B) $1 100
C) $100
Test Bank
In ‘the’ swirling mists ‘of’ twilight, echoes ‘of’ forgotten whispers danced ‘with’ ‘the’ reluctant
shadows that clung hesitantly to_ ‘the’ fading light. Beyond ‘the’ horizon, where dreams meld ‘with’
‘the’ tapestry ‘of’ reality, a silent breeze carried tales ‘of’ yesteryear, weaving intricate patterns ‘of’
nonsensical charm through ‘the’ air. Leaves, painted ‘with’ ‘the’ hues ‘of’ an undecided autumn,
fluttered without purpose, chasing ‘the’ elusive scent ‘of’ rain yet to_ fall. Amidst this ballet ‘of’ chaos,
a clock ticked relentlessly, marking time in a room where time itself seemed to_ hesitate, pondering
its own existence.
‘the’ sky, a canvas ‘of’ brooding thoughts, shifted colors ‘with’ ‘the’ whims ‘of’ a temperamental artist,
casting spells ‘of’ indigo ‘and’ hints ‘of’ weary lavender across its vast expanse. Somewhere in ‘the’
distance, a door creaked open, releasing whispers ‘of’ a tune that no one could remember starting,
‘and’ yet, it lingered as if it had always been part ‘of’ ‘the’ wind. Underneath ‘the’ canopy ‘of’ a
bewildered moon, shadows whispered to_ ‘the’ stars, sharing secrets not meant for ‘the’ daylight,
crafting stories spun from’ ‘the’ fabric ‘of’ ‘the’ fantastical ‘and’ ‘the’ mundane, intertwined in an
endless waltz ‘of’ ‘the’ beautifully absurd.
In ‘the’ swirling mists ‘of’ twilight, echoes ‘of’ forgotten whispers danced ‘with’ ‘the’ reluctant
shadows that clung hesitantly to_ ‘the’ fading light. Beyond ‘the’ horizon, where dreams meld ‘with’
‘the’ tapestry ‘of’ reality, a silent breeze carried tales ‘of’ yesteryear, weaving intricate patterns ‘of’
nonsensical charm through ‘the’ air. Leaves, painted ‘with’ ‘the’ hues ‘of’ an undecided autumn,
fluttered without purpose, chasing ‘the’ elusive scent ‘of’ rain yet to_ fall. Amidst this ballet ‘of’ chaos,
a clock ticked relentlessly, marking time in a room where time itself seemed to_ hesitate, pondering
its own existence.
‘the’ sky, a canvas ‘of’ brooding thoughts, shifted colors ‘with’ ‘the’ whims ‘of’ a temperamental artist,
casting spells ‘of’ indigo ‘and’ hints ‘of’ weary lavender across its vast expanse. Somewhere in ‘the’
distance, a door creaked open, releasing whispers ‘of’ a tune that no one could remember starting,
‘and’ yet, it lingered as if it had always been part ‘of’ ‘the’ wind. Underneath ‘the’ canopy ‘of’ a
bewildered moon, shadows whispered to_ ‘the’ stars, sharing secrets not meant for ‘the’ daylight,
crafting stories spun from’ ‘the’ fabric ‘of’ ‘the’ fantastical ‘and’ ‘the’ mundane, intertwined in an
endless waltz ‘of’ ‘the’ beautifully absurd.
Chap 1 Engineering Decision Making
1.1 MCQs:
,Engineering Economics Financial Decision Making for Engineers,Fraser,5e 2
Test Bank
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.
ANS: A
Difficulty: 1 FORMAT: MC Page# 3
Topic: 1.1. Engineering decision making
Level: Recall
User1: 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 from’ 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’ money.
ANS: B
Difficulty: 1 FORMAT: MC Page# 3
Topic: 1.2. What is engineering economics
Level: Recall
User1: 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 time.
ANS: A
Difficulty: 1 FORMAT: MC Page# 3
Topic: 1.2. What is engineering economics
Level: Recall
User1: Qualitative
,Engineering Economics Financial Decision Making for Engineers,Fraser,5e 3
Test Bank
4) In ‘the’ context ‘of’ your textbook, abstraction means
A. a study.
B) a method
C) a methodology
D) a model.
E) an approach
ANS: D
Difficulty: 1 FORMAT: MC Page# 6
Topic: 1.4. Dealing ‘with’ abstractions
Level: Recall
User1: Qualitative
5) When an engineer prepares a feasibility study, what economic information must she possess 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’ uncertainty
ANS: D
Difficulty: 2 FORMAT: MC Page# 6
Topic: 1.4. Dealing ‘with’ abstractions
Level: Applied
User1: 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 vacation
ANS: C
Difficulty: 2 FORMAT: MC Page# 6 8
Topic: 1.4. Dealing ‘with’ abstractions
Level: Applied
User1: Qualitative
7) Which ‘of’ ‘the’ following statements best describes ‘the’ moral issues faced by engineers while
evaluating projects?
A. moral issues are clearly defined in engineering design
, Engineering Economics Financial Decision Making for Engineers,Fraser,5e 4
Test Bank
B) moral issues do not matter as long as technical goals are achieved
C) your employer is ‘the’ only person who can define what is ethical or unethical
D) there are no general answers to_ moral questions
E) since moral issues are value judgements they must not be taken into consideration
ANS: D
Difficulty: 3 FORMAT: MC Page# 9 10
Topic: 1.5. ‘the’ moral question: Three true stories
Level: Applied
User1: Qualitative
8) ‘the’ best way to_ find some answers to_ difficult moral questions in engineering design ‘and’
project evaluation is
A. to_ ask your friends.
B) to_ consult professional engineering associations.
C) to_ search ‘the’ web.
D) to_ read newspapers.
E) to_ read professional textbooks.
ANS: B
Difficulty: 2 FORMAT: MC Page# 9 10
Topic: 1.5. ‘the’ moral question: Three true stories
Level: Recall
User1: Qualitative
9) Stan borrowed $5 000 one year ago. Now he has to_ repay $5 100. ‘the’ interest Stan pays is
A. $5 100
B) 102%
C) $100
D) 2%
E) $5 000
ANS: C
Difficulty: 2 FORMAT: MC Page# 6 8
Topic: 1.4. Dealing ‘with’ abstractions
Level: Applied
User1: Quantitative
10) Joan borrowed $1 000 one year ago. Now she has to_ repay $1 100. Therefore, ‘the’ interest rate
she pays is
A. $1 000
B) $1 100
C) $100
