Test Bank for Engineering Economics Financial Decision Making for Engineers Canadian 6th edition by Niall M. Fraser| All chapters| LATEST

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, TEST Bank e




Engineering Economics e




6th Edition
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Niall M. Fraser
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Elizabeth M. Jewkes
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Mehrdad Pirnia e

,Engineering Economics, 6e (Fraser/Pirnia) e e e


Chapter 1 Engineering Decision Making
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1.1 Multiple Choice Questions e e




1) Evaluation of an engineering project involves the following constraints
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A) financial, environmental, social and political constraints.
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B) technical and financial constraints. e e e


C) technological and social constraints. e e e


D) time and money constraints.
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E) budget and time constraints. e e e


Answer: A
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Diff: 1 Type: MC Page Ref: 3
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Topic: 1.1. Engineering decision making
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Skill: Recall
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Type: Qualitative e




2) Engineering economics is e e


A) a body of knowledge to determine which of several alternative is technically best.
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B) a collection of techniques for quantitative analysis to select a preferable alternative from
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several technically viable ones.
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C) a set of tools to calculate an engineering project's costs.
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D) a set of rules to evaluate an engineering project.
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E) a set of methods to determine an engineering project's costs in terms of time value of money.
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Answer: B
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Diff: 1 Type: MC Page Ref: 3
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Topic: 1.2. What is engineering economics
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Skill: Recall
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Type: Qualitative e




3) From an economic standpoint, any engineering project can be thought of in terms of
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A) its costs and benefits over time.
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B) its constraints.
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C) its receipts and disbursements.
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D) its revenues and profits over time.
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E) its investment and costs over time.
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Answer: A
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Diff: 1 Type: MC Page Ref: 3
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Topic: 1.2. What is engineering economics
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Skill: Recall
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Type: Qualitative e




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© 2017 Pearson Canada Inc.
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, 4) In the context of your textbook, abstraction means
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A) a study.
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B) a method.
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C) a methodology.
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D) a model.
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E) an approach.
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Answer: D e


Diff: 1 Type: MC Page Ref: 6
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Topic: 1.4. Dealing with abstractions
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Skill: Recall
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Type: Qualitative e




5) When an engineer prepares a feasibility study, what economic information must she possess in
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order to do it correctly?
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A) engineering specification e


B) expert opinion about this projecte e e e


C) macroeconomic situation in the world e e e e


D) potential future costs and benefits of the project
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E) the level of uncertainty
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Answer: D
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Diff: 2 Type: MC Page Ref: 6
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Topic: 1.4. Dealing with abstractions
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Skill: Applied
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Type: Qualitative e




6) In which of the following problems do you need engineering economics?
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A) to choose a course in your program
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B) to chose the right textbook
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C) to decide whether to borrow money from parents or from a bank
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D) to decide whether or not to buy a car
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E) to decide where to spend summer vacation
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Answer: C
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Diff: 2 Type: MC Page Ref: 6-8
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Topic: 1.4. Dealing with abstractions
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Skill: Applied
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Type: Qualitative e




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© 2017 Pearson Canada Inc.
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