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Test Bank for Engineering Economics Financial
Decision Making for Engineers Canadian 6th
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TEST Bank
Engineering Economics
6th Edition
Niall M. Fraser
Elizabeth M. Jewkes
Mehrdad Pirnia
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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
1
© 2017 Pearson Canada Inc.
Test Bank for Engineering Q&A
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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. 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
2
© 2017 Pearson Canada Inc.
Test Bank for Engineering Q&A
Economics
solutions
Financial
guideTest
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Bank Making
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Economics
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guide
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Test Bank
Economics
for Engineering
Financial
PageEconomics
1 of
Decision
277 Financial
Making for
Decision
Engineers
Making
Canadian
for Engineers
6th edition
Canadian 6th edition.pdf
Test Bank for Engineering Economics Financial
Decision Making for Engineers Canadian 6th
edition
Test Bank for Engineering Q&A
Economics
solutions
Financial
guideTest
Decision
Bank Making
for Engineering
1 of for
277Q&A
Engineers
Economics
solutions
Canadian
guide
Financial
6th edition-
DecisionQ&A
Making
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guide Canadian 6th edition.pdf
,2026: Q&A solutions guide--Test Bank for Engineering
Test Bank
Economics
for Engineering
Financial
PageEconomics
2 of
Decision
277 Financial
Making for
Decision
Engineers
Making
Canadian
for Engineers
6th edition
Canadian 6th edition.pdf
TEST Bank
Engineering Economics
6th Edition
Niall M. Fraser
Elizabeth M. Jewkes
Mehrdad Pirnia
Test Bank for Engineering Q&A
Economics
solutions
Financial
guideTest
Decision
Bank Making
for Engineering
2 of for
277Q&A
Engineers
Economics
solutions
Canadian
guide
Financial
6th edition-
DecisionQ&A
Making
solutions
for Engineers
guide Canadian 6th edition.pdf
,2026: Q&A solutions guide--Test Bank for Engineering
Test Bank
Economics
for Engineering
Financial
PageEconomics
3 of
Decision
277 Financial
Making for
Decision
Engineers
Making
Canadian
for Engineers
6th edition
Canadian 6th edition.pdf
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
1
© 2017 Pearson Canada Inc.
Test Bank for Engineering Q&A
Economics
solutions
Financial
guideTest
Decision
Bank Making
for Engineering
3 of for
277Q&A
Engineers
Economics
solutions
Canadian
guide
Financial
6th edition-
DecisionQ&A
Making
solutions
for Engineers
guide Canadian 6th edition.pdf
, 2026: Q&A solutions guide--Test Bank for Engineering
Test Bank
Economics
for Engineering
Financial
PageEconomics
4 of
Decision
277 Financial
Making for
Decision
Engineers
Making
Canadian
for Engineers
6th edition
Canadian 6th edition.pdf
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. 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
2
© 2017 Pearson Canada Inc.
Test Bank for Engineering Q&A
Economics
solutions
Financial
guideTest
Decision
Bank Making
for Engineering
4 of for
277Q&A
Engineers
Economics
solutions
Canadian
guide
Financial
6th edition-
DecisionQ&A
Making
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for Engineers
guide Canadian 6th edition.pdf
