, TESTBank
EngineeringEconomics
6thEdition
j
Niall M. Fraser
j j
Elizabeth M. Jewkes
j j
Mehrdad Pirnia j
,EngineeringEconomics,6e(Fraser/Pirnia) j j j
Chapter 1 Engineering Decision Making
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1.1 Multiple Choice Questions j j
1) Evaluation of an engineering project involves the following constraints j j j j j j j j
A) financial, environmental, social and political constraints. j j j j j
B) technical and financial constraints. j j j
C) technological and social constraints. j j j
D) time and money constraints. j j j
E) budgetandtimeconstraints. j j j
jAnswer: A j
Diff: 1 Type: MC Page Ref: 3
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jTopic:1.1.Engineeringdecisionmaking
j j j j
jSkill: Recall j
Type: Qualitative j
2) Engineering economics is j j
A) abody 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
j j j j j j j j j j j j
jseveral technically viable ones. j j j
C) a set of tools to calculate an engineering project's costs.
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D) aset 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.
j j j j j j j j j j j j j j j j
jAnswer: B j
Diff: 1 Type: MC PageRef: 3
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Topic:1.2. What is engineering economics
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jSkill: Recall j
Type: Qualitative j
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. j
C) its receipts and disbursements.
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D) its revenues and profits over time.
j j j j j
E) itsinvestment and costsovertime.
j j j j j
jAnswer: A j
Diff: 1 Type: MC PageRef: 3
j j j j
Topic:1.2. What is engineering economics
j j j j j
jSkill: Recall j
Type: Qualitative j
1
© 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.
j
D) a model.
j
E) anapproach. j
Answer: D
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Diff: 1 Type: MC Page Ref: 6
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Topic:1.4.Dealingwithabstractions
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Skill: Recall
j j
Type: Qualitative j
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 j
B) expert opinion about this project j j j j
C) macroeconomicsituation in the world j j j j
D) potential future costs and benefits of the project j j j j j j j
E) thelevelofuncertaintyj j j
Answer: D
j j
Diff: 2 Type: MC Page Ref: 6
j j j j
Topic:1.4.Dealingwithabstractions
j j j j j
Skill: Applied
j j
Type: Qualitative j
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) todecidewheretospend summervacation
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Answer: C
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Diff: 2 Type: MC Page Ref: 6-8 Topic:
j j j j j j j
1.4. Dealing with abstractions Skill:
j j j j j
Applied
j
Type: Qualitative j
2
© 2017 Pearson Canada Inc.
j j j j
EngineeringEconomics
6thEdition
j
Niall M. Fraser
j j
Elizabeth M. Jewkes
j j
Mehrdad Pirnia j
,EngineeringEconomics,6e(Fraser/Pirnia) j j j
Chapter 1 Engineering Decision Making
j j j j j
1.1 Multiple Choice Questions j j
1) Evaluation of an engineering project involves the following constraints j j j j j j j j
A) financial, environmental, social and political constraints. j j j j j
B) technical and financial constraints. j j j
C) technological and social constraints. j j j
D) time and money constraints. j j j
E) budgetandtimeconstraints. j j j
jAnswer: A j
Diff: 1 Type: MC Page Ref: 3
j j j j
jTopic:1.1.Engineeringdecisionmaking
j j j j
jSkill: Recall j
Type: Qualitative j
2) Engineering economics is j j
A) abody of knowledge to determine which of several alternative is technically best.
j j j j j j j j j j j j
B) a collection of techniques for quantitative analysis to select a preferable alternative from
j j j j j j j j j j j j
jseveral technically viable ones. j j j
C) a set of tools to calculate an engineering project's costs.
j j j j j j j j j
D) aset of rules to evaluate an engineering project.
j j j j j j j j
E) a set of methods to determine an engineering project's costs in terms of time value of money.
j j j j j j j j j j j j j j j j
jAnswer: B j
Diff: 1 Type: MC PageRef: 3
j j j j
Topic:1.2. What is engineering economics
j j j j j
jSkill: Recall j
Type: Qualitative j
3) From an economic standpoint, any engineering project can be thought of in terms of
j j j j j j j j j j j j j
A) its costs and benefits over time.
j j j j j
B) its constraints. j
C) its receipts and disbursements.
j j j
D) its revenues and profits over time.
j j j j j
E) itsinvestment and costsovertime.
j j j j j
jAnswer: A j
Diff: 1 Type: MC PageRef: 3
j j j j
Topic:1.2. What is engineering economics
j j j j j
jSkill: Recall j
Type: Qualitative j
1
© 2017 Pearson Canada Inc.
j j j j
, 4) In the context of your textbook, abstraction means
j j j j j j j
A) a study.
j
B) a method.
j
C) a methodology.
j
D) a model.
j
E) anapproach. j
Answer: D
j j
Diff: 1 Type: MC Page Ref: 6
j j j j
Topic:1.4.Dealingwithabstractions
j j j j j
Skill: Recall
j j
Type: Qualitative j
5) When an engineer prepares a feasibility study, what economic information must she possess in
j j j j j j j j j j j j j
order to do it correctly?
j j j j j
A) engineering specification j
B) expert opinion about this project j j j j
C) macroeconomicsituation in the world j j j j
D) potential future costs and benefits of the project j j j j j j j
E) thelevelofuncertaintyj j j
Answer: D
j j
Diff: 2 Type: MC Page Ref: 6
j j j j
Topic:1.4.Dealingwithabstractions
j j j j j
Skill: Applied
j j
Type: Qualitative j
6) In which of the following problems do you need engineering economics?
j j j j j j j j j j
A) to choose a course in your program
j j j j j j
B) to chose the right textbook
j j j j
C) to decide whether to borrow money from parents or from a bank
j j j j j j j j j j j
D) to decide whether or not to buy a car
j j j j j j j j
E) todecidewheretospend summervacation
j j j j j j
Answer: C
j j
Diff: 2 Type: MC Page Ref: 6-8 Topic:
j j j j j j j
1.4. Dealing with abstractions Skill:
j j j j j
Applied
j
Type: Qualitative j
2
© 2017 Pearson Canada Inc.
j j j j
