CWRU EMAE 260 FINAL EXAM
QUESTIONS WITH CORRECT ANSWERS
Which additional information will assist you in choosing investment alternatives? -
ANSWER-- Interest
- MARR
- capital
- Return
Minimum Attractive Rate of Return - ANSWER-- A reasonable rate of return (percent)
established for evaluating and selecting alternatives
- Is established by the financial managers of the firm
- Usually considers the risk inherent to a project
Fundamental Principles of Engineering Economics - ANSWER-•A dollar today is worth
more than a dollar tomorrow
•All that counts is the differences among alternatives
•Marginal revenue must exceed marginal cost •Additional risk is not taken without the
expected additional return
(today difference return risk)
The difference between ISO 9000 and ISO 14000 - ANSWER-ISO 9000: Quality control
for finished prods
ISO 14000: environmental protection standard.
Stress Corrosion Cracking (SCC) - ANSWER-+ material
+ environment
+ tensile stress
6 Categories of Fish-bone (Cause & Effect) Diagram - ANSWER-People
Method
Measurement
Machine
Material
Environment
Fatigue Failure - ANSWER-Condition:
+ many cycles
+ temperature fluctuation
+ high stress
+ strain hardening
Three stages: initiation, propagation, failure.
Safety - ANSWER-Safety: protection from exposure to hazards.
QUESTIONS WITH CORRECT ANSWERS
Which additional information will assist you in choosing investment alternatives? -
ANSWER-- Interest
- MARR
- capital
- Return
Minimum Attractive Rate of Return - ANSWER-- A reasonable rate of return (percent)
established for evaluating and selecting alternatives
- Is established by the financial managers of the firm
- Usually considers the risk inherent to a project
Fundamental Principles of Engineering Economics - ANSWER-•A dollar today is worth
more than a dollar tomorrow
•All that counts is the differences among alternatives
•Marginal revenue must exceed marginal cost •Additional risk is not taken without the
expected additional return
(today difference return risk)
The difference between ISO 9000 and ISO 14000 - ANSWER-ISO 9000: Quality control
for finished prods
ISO 14000: environmental protection standard.
Stress Corrosion Cracking (SCC) - ANSWER-+ material
+ environment
+ tensile stress
6 Categories of Fish-bone (Cause & Effect) Diagram - ANSWER-People
Method
Measurement
Machine
Material
Environment
Fatigue Failure - ANSWER-Condition:
+ many cycles
+ temperature fluctuation
+ high stress
+ strain hardening
Three stages: initiation, propagation, failure.
Safety - ANSWER-Safety: protection from exposure to hazards.
