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. Engineering 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 From 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 Money. Answer: B
Diff: 1 Type: MC Page Ref: 3
Topic: 1.2. What Is Engineering Economics
Skill: 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
Time. Answer: A
Diff: 1 Type: MC Page Ref: 3
Topic: 1.2. What Is Engineering Economics
Skill: Recall
Type: Qualitative
4) In The Context Of Your Textbook, Abstraction Means
A) A Study.
B) A Method.
C) A Methodology.
D) A Model.
E) An
3
© 2017 Pearson Canada Inc.
, Approach.
Answer: D
Diff: 1 Type: MC Page Ref: 6
Topic: 1.4. Dealing With
Abstractions Skill: Recall
Type: Qualitative
5) When An Engineer Prepares A Feasibility Study, What Economic Information Must She
Possess 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
Uncertainty Answer: D
Diff: 2 Type: MC Page Ref: 6
Topic: 1.4. Dealing With
Abstractions Skill: Applied
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
Vacation Answer: C
Diff: 2 Type: MC Page Ref: 6-8
Topic: 1.4. Dealing With
Abstractions Skill: Applied
Type: Qualitative
7) Which Of The Following Statements Best Describes The Moral Issues Faced By Engineers
While Evaluating Projects?
A) Moral Issues Are Clearly Defined In Engineering Design
B) Moral Issues Do Not Matter As Long As Technical Goals Are Achieved
C) Your Employer Is The Only Person Who Can Define What Is Ethical Or Unethical
D) There Are No General Answers To Moral Questions
E) Since Moral Issues Are Value Judgements They Must Not Be Taken Into
Consideration Answer: D
Diff: 3 Type: MC Page Ref: 9-10
Topic: 1.5. The Moral Question: Three True
Stories Skill: Applied
Type: Qualitative
8) The Best Way To Find Some Answers To Difficult Moral Questions In Engineering
Design And Project Evaluation Is
A) To Ask Your Friends.
4
© 2017 Pearson Canada Inc.
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. Engineering 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 From 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 Money. Answer: B
Diff: 1 Type: MC Page Ref: 3
Topic: 1.2. What Is Engineering Economics
Skill: 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
Time. Answer: A
Diff: 1 Type: MC Page Ref: 3
Topic: 1.2. What Is Engineering Economics
Skill: Recall
Type: Qualitative
4) In The Context Of Your Textbook, Abstraction Means
A) A Study.
B) A Method.
C) A Methodology.
D) A Model.
E) An
3
© 2017 Pearson Canada Inc.
, Approach.
Answer: D
Diff: 1 Type: MC Page Ref: 6
Topic: 1.4. Dealing With
Abstractions Skill: Recall
Type: Qualitative
5) When An Engineer Prepares A Feasibility Study, What Economic Information Must She
Possess 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
Uncertainty Answer: D
Diff: 2 Type: MC Page Ref: 6
Topic: 1.4. Dealing With
Abstractions Skill: Applied
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
Vacation Answer: C
Diff: 2 Type: MC Page Ref: 6-8
Topic: 1.4. Dealing With
Abstractions Skill: Applied
Type: Qualitative
7) Which Of The Following Statements Best Describes The Moral Issues Faced By Engineers
While Evaluating Projects?
A) Moral Issues Are Clearly Defined In Engineering Design
B) Moral Issues Do Not Matter As Long As Technical Goals Are Achieved
C) Your Employer Is The Only Person Who Can Define What Is Ethical Or Unethical
D) There Are No General Answers To Moral Questions
E) Since Moral Issues Are Value Judgements They Must Not Be Taken Into
Consideration Answer: D
Diff: 3 Type: MC Page Ref: 9-10
Topic: 1.5. The Moral Question: Three True
Stories Skill: Applied
Type: Qualitative
8) The Best Way To Find Some Answers To Difficult Moral Questions In Engineering
Design And Project Evaluation Is
A) To Ask Your Friends.
4
© 2017 Pearson Canada Inc.
