Test Bank for Engineering Economics Financial
Decision Making for Engineers Canadian 6th
edition
ES
EC
I P
G
I N
S
R
U
N
, S TEST Bank
E
Engineering Economics
C
6th Edition
E
Niall M. Fraser
I P
Elizabeth M. Jewkes
G
Mehrdad Pirnia
I N
S
R
U
N
,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.
S
B) technical and financial constraints.
C) technological and social constraints.
D) time and money constraints.
E
E) budget and time constraints.
Answer: A
Diff: 1 Type: MC Page Ref: 3
C
Topic: 1.1. Engineering decision making
Skill: Recall
Type: Qualitative
E
2) Engineering economics is
I
A) a body of knowledge to determine which of several alternative is technically best.
P
B) a collection of techniques for quantitative analysis to select a preferable alternative from
several technically viable ones.
C) a set of tools to calculate an engineering project's costs.
G
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 money.
Answer: B
N
Diff: 1 Type: MC Page Ref: 3
Topic: 1.2. What is engineering economics
Skill: Recall
I
Type: Qualitative
S
3) From an economic standpoint, any engineering project can be thought of in terms of
A) its costs and benefits over time.
R
B) its constraints.
C) its receipts and disbursements.
D) its revenues and profits over time.
U
E) its investment and costs over time.
Answer: A
Diff: 1 Type: MC Page Ref: 3
N
Topic: 1.2. What is engineering economics
Skill: Recall
Type: Qualitative
1
© 2017 Pearson Canada Inc.
, 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
S
Diff: 1 Type: MC Page Ref: 6
Topic: 1.4. Dealing with abstractions
Skill: Recall
E
Type: Qualitative
5) When an engineer prepares a feasibility study, what economic information must she possess in
C
order to do it correctly?
A) engineering specification
B) expert opinion about this project
E
C) macroeconomic situation in the world
D) potential future costs and benefits of the project
I
E) the level of uncertainty
P
Answer: D
Diff: 2 Type: MC Page Ref: 6
Topic: 1.4. Dealing with abstractions
G
Skill: Applied
Type: Qualitative
N
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
I
C) to decide whether to borrow money from parents or from a bank
D) to decide whether or not to buy a car
S
E) to decide where to spend summer vacation
Answer: C
R
Diff: 2 Type: MC Page Ref: 6-8
Topic: 1.4. Dealing with abstractions
Skill: Applied
U
Type: Qualitative
N
2
© 2017 Pearson Canada Inc.
Decision Making for Engineers Canadian 6th
edition
ES
EC
I P
G
I N
S
R
U
N
, S TEST Bank
E
Engineering Economics
C
6th Edition
E
Niall M. Fraser
I P
Elizabeth M. Jewkes
G
Mehrdad Pirnia
I N
S
R
U
N
,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.
S
B) technical and financial constraints.
C) technological and social constraints.
D) time and money constraints.
E
E) budget and time constraints.
Answer: A
Diff: 1 Type: MC Page Ref: 3
C
Topic: 1.1. Engineering decision making
Skill: Recall
Type: Qualitative
E
2) Engineering economics is
I
A) a body of knowledge to determine which of several alternative is technically best.
P
B) a collection of techniques for quantitative analysis to select a preferable alternative from
several technically viable ones.
C) a set of tools to calculate an engineering project's costs.
G
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 money.
Answer: B
N
Diff: 1 Type: MC Page Ref: 3
Topic: 1.2. What is engineering economics
Skill: Recall
I
Type: Qualitative
S
3) From an economic standpoint, any engineering project can be thought of in terms of
A) its costs and benefits over time.
R
B) its constraints.
C) its receipts and disbursements.
D) its revenues and profits over time.
U
E) its investment and costs over time.
Answer: A
Diff: 1 Type: MC Page Ref: 3
N
Topic: 1.2. What is engineering economics
Skill: Recall
Type: Qualitative
1
© 2017 Pearson Canada Inc.
, 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
S
Diff: 1 Type: MC Page Ref: 6
Topic: 1.4. Dealing with abstractions
Skill: Recall
E
Type: Qualitative
5) When an engineer prepares a feasibility study, what economic information must she possess in
C
order to do it correctly?
A) engineering specification
B) expert opinion about this project
E
C) macroeconomic situation in the world
D) potential future costs and benefits of the project
I
E) the level of uncertainty
P
Answer: D
Diff: 2 Type: MC Page Ref: 6
Topic: 1.4. Dealing with abstractions
G
Skill: Applied
Type: Qualitative
N
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
I
C) to decide whether to borrow money from parents or from a bank
D) to decide whether or not to buy a car
S
E) to decide where to spend summer vacation
Answer: C
R
Diff: 2 Type: MC Page Ref: 6-8
Topic: 1.4. Dealing with abstractions
Skill: Applied
U
Type: Qualitative
N
2
© 2017 Pearson Canada Inc.
