Engineering Economics: Financial Decision Making for Engineers – Canadian 6th Edition – Fraser, Jewkes, Pirnia – Complete Test Bank

,Test Bank for Engineering Economics Financial
Decision Making for Engineers Canadian 6th
edition




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Engineering Economics ww




6th Edition
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Niall M. Fraser
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,Elizabeth M. Jewkes
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Mehrdad Pirnia
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, Engineering Economics, 6e (Fraser/Pirnia) ww ww ww ww



Chapter 1 Engineering Decision Making
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1.1 Multiple Choice Questions ww ww




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. ww ww ww



C) technological and social constraints. ww ww ww



D) time and money constraints. ww ww ww



E) budget and time constraints ww ww ww



. Answer: A
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Diff: 1 Type: MC ww ww



Page Ref: 3 Topic: 1.1. Engin ww ww ww ww ww



eering decision making Skill: Recall
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Type: Qualitative w w




2) Engineering economics is ww ww



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 fr
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om 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 mo
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ney. Answer: B ww w w



Diff: 1 Type: MC Page Ref: 3
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Topic: 1.2. What is engineering economics Sk
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ill: Recall
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Type: Qualitative w w




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. ww



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 tim
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e. Answer: A
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Diff: 1 Type: MC Page Ref: 3
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Topic: 1.2. What is engineering economics Sk
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ill: Recall
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Type: Qualitative w w




1
© 2017 Pearson Canada In
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c.