Test Bank for Engineering Economics Financial
Decision Making for Engineers Canadian 6th
edition
, TEST Bank
Engineering Economics
6th Edition
Niall M. Fraser
Elizabeth M. Jewkes
Mehrdad Pirnia
,Engineering Economics, 6e (Fraser/Pirnia)
Chapter 1 Engineering Decision Making
1.1 Multiple Choice Questions
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
. Answer: A
Diff: 1 Type: MC
Page Ref: 3 Topic: 1.1. Engi
neering decision making Skill: Recall
Type: 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 f
rom 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 m
oney. Answer: B
Diff: 1 Type: MC Page Ref: 3
Topic: 1.2. What is engineering economics S
kill: Recall
Type: 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 tim
e. Answer: A
Diff: 1 Type: MC Page Ref: 3
Topic: 1.2. What is engineering economics S
kill: Recall
Type: Qualitative
1
© 2017 Pearson Canada In
, 4) In the context of your textbook, abstraction means
A) a study.
B) a method.
C) a methodology.
D) a model.
E) an approach.
Answer: D
Diff: 1 Type: MC
Page Ref: 6 Topic: 1.4. D
ealing with abstractions Skill: Rec
all
Type: Qualitative
5) When an engineer prepares a feasibility study, what economic information must she posse
ss 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 uncertaint
y Answer: D
Diff: 2 Type: MC
Page Ref: 6 Topic: 1.4. D
ealing with abstractions Skill: App
lied
Type: 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 vacati
on Answer: C
Diff: 2 Type: MC Page Ref: 6-
8 Topic: 1.4. Dealing with abstracti
ons Skill: Applied
Type: Qualitative
2
© 2017 Pearson Canada In
Decision Making for Engineers Canadian 6th
edition
, TEST Bank
Engineering Economics
6th Edition
Niall M. Fraser
Elizabeth M. Jewkes
Mehrdad Pirnia
,Engineering Economics, 6e (Fraser/Pirnia)
Chapter 1 Engineering Decision Making
1.1 Multiple Choice Questions
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
. Answer: A
Diff: 1 Type: MC
Page Ref: 3 Topic: 1.1. Engi
neering decision making Skill: Recall
Type: 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 f
rom 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 m
oney. Answer: B
Diff: 1 Type: MC Page Ref: 3
Topic: 1.2. What is engineering economics S
kill: Recall
Type: 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 tim
e. Answer: A
Diff: 1 Type: MC Page Ref: 3
Topic: 1.2. What is engineering economics S
kill: Recall
Type: Qualitative
1
© 2017 Pearson Canada In
, 4) In the context of your textbook, abstraction means
A) a study.
B) a method.
C) a methodology.
D) a model.
E) an approach.
Answer: D
Diff: 1 Type: MC
Page Ref: 6 Topic: 1.4. D
ealing with abstractions Skill: Rec
all
Type: Qualitative
5) When an engineer prepares a feasibility study, what economic information must she posse
ss 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 uncertaint
y Answer: D
Diff: 2 Type: MC
Page Ref: 6 Topic: 1.4. D
ealing with abstractions Skill: App
lied
Type: 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 vacati
on Answer: C
Diff: 2 Type: MC Page Ref: 6-
8 Topic: 1.4. Dealing with abstracti
ons Skill: Applied
Type: Qualitative
2
© 2017 Pearson Canada In
