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Exam (elaborations)

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

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

Institution
Engineering Economics Financial Decision Making
Course
Engineering Economics Financial Decision Making











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Institution
Engineering Economics Financial Decision Making
Course
Engineering Economics Financial Decision Making

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Uploaded on
November 29, 2025
Number of pages
328
Written in
2025/2026
Type
Exam (elaborations)
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Test Bank for Engineering Economics Financial
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Decision Making for Engineers Canadian 6th
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edition

, TEST Bank vb




Engineering Economics
vb



6th Edition
vb




NiallvbM.vbFraser


ElizabethvbM.vbJewkes


MehrdadvbPirnia

,EngineeringvbEconomics,vb6evb(Fraser/Pirnia)v
bChaptervb1v b EngineeringvbDecisionvbMakin
g

1.1 MultiplevbChoicevbQuestions

1) Evaluationvbofvbanvbengineeringvbprojectvbinvolvesvbthevbfollowingvbconstraints
A) financial,vbenvironmental,vbsocialvbandvbpoliticalvbconstraints.
B) technicalvbandvbfinancialvbconstraints.
C) technologicalvbandvbsocialvbconstraints.
D) timevbandvbmoneyvbconstraints.
E) budgetvbandvbtimevbconstrain
ts.vbAnswer:v b A
Diff:vb1 Type:vbMC
PagevbRef:vb3vbTopic:vb1.1.vbEn
gineeringvbdecisionvbmakingvbSkill:v b Rec
all
Type:v b Qualitative

2) Engineeringvbeconomicsvbis
A) avbbodyvbofvbknowledgevbtovbdeterminevbwhichvbofvbseveralvbalternativevbisvbtechnicallyvbbest.
B) avbcollectionvbofvbtechniquesvbforvbquantitativevbanalysisvbtovbselectvbavbpreferablevbalternat
ivevbfromvbseveralvbtechnicallyvbviablevbones.
C) avbsetvbofvbtoolsvbtovbcalculatevbanvbengineeringvbproject'svbcosts.
D) avbsetvbofvbrulesvbtovbevaluatevbanvbengineeringvbproject.
E) avbsetvbofvbmethodsvbtovbdeterminevbanvbengineeringvbproject'svbcostsvbinvbtermsvbofvbtimevbvalu
evbofvbmoney.vbAnswer:v b B
Diff:vb1 Type:vbMC PagevbRef:vb3
Topic:vb1.2.vbWhatvbisvbengineeringvbeconomicsv
bSkill:v b Recall
Type:v b Qualitative

3) Fromvbanvbeconomicvbstandpoint,vbanyvbengineeringvbprojectvbcanvbbevbthoughtvbofvbinvbtermsvbof
A) itsvbcostsvbandvbbenefitsvbovervbtime.
B) itsvbconstraints.
C) itsvbreceiptsvbandvbdisbursements.
D) itsvbrevenuesvbandvbprofitsvbovervbtime.
E) itsvbinvestmentvbandvbcostsvbovervbti
me.vbAnswer:v b A
Diff:vb1 Type:vbMC PagevbRef:vb3
Topic:vb1.2.vbWhatvbisvbengineeringvbeconomicsv
bSkill:v b Recall
Type:v b Qualitative




1
©vb2017vbPearsonvbCanadavb
Inc.

, 4) Invbthevbcontextvbofvbyourvbtextbook,vbabstractionvbmeans
A) avbstudy.
B) avbmethod.
C) avbmethodology.
D) avbmodel.
E) anvbapproach
.
Answer:v b D
Diff:vb1 Type:vbMC
PagevbRef:vb6vbTopic:vb1.4.v
bDealingvbwithvbabstractionsvbSkill:v b
Recall
Type:v b Qualitative

5) Whenvbanvbengineervbpreparesvbavbfeasibilityvbstudy,vbwhatvbeconomicvbinformationvbmustvbshevb
possessvbinvbordervbtovbdovbitvbcorrectly?
A) engineeringvbspecification
B) expertvbopinionvbaboutvbthisvbproject
C) macroeconomicvbsituationvbinvbthevbworld
D) potentialvbfuturevbcostsvbandvbbenefitsvbofvbthevbproject
E) thevblevelvbofvbuncertain
tyvbAnswer:v b D
Diff:vb2 Type:vbMC
PagevbRef:vb6vbTopic:vb1.4.v
bDealingvbwithvbabstractionsvbSkill:v b
Applied
Type:v b Qualitative

6) Invbwhichvbofvbthevbfollowingvbproblemsvbdovbyouvbneedvbengineeringvbeconomics?
A) tovbchoosevbavbcoursevbinvbyourvbprogram
B) tovbchosevbthevbrightvbtextbook
C) tovbdecidevbwhethervbtovbborrowvbmoneyvbfromvbparentsvborvbfromvbavbbank
D) tovbdecidevbwhethervborvbnotvbtovbbuyvbavbcar
E) tovbdecidevbwherevbtovbspendvbsummervbvac
ationvbAnswer:v b C
Diff:vb2vbType:vbMCvbPagevbRef:vb6-
8vbTopic:vb1.4.vbDealingvbwithvbabstra
ctionsvbSkill:v b Applied
Type:v b Qualitative




2
©vb2017vbPearsonvbCanadavb
Inc.

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