Test Bank for Engineering Economics: Financial Decision Making for Engineers (6th Edition) by Niall M. Fraser, Elizabeth M. Jewkes & Mehrdad Pirnia – Exam Prep | 2025/2026 Latest Update

Test Bank for Engineering Economics Financial
Decision Making for Engineers Canadian 6th
edition

, TEST Bank qw




Engineering Economics qw




6th Edition
qw




Niall M. Fraser
qw qw




Elizabeth M. Jewkes
qw qw




Mehrdad Pirnia qw

,Engineering Economics, 6e (Fraser/Pirnia) qw qw qw qw


Chapter 1 Engineering Decision Making
qw q w qw qw




1.1 Multiple Choice Questions qw qw




1) Evaluation of an engineering project involves the following constraints
qw qw qw qw qw qw qw qw


A) financial, environmental, social and political constraints.
qw qw qw qw qw


B) technical and financial constraints. qw qw qw


C) technological and social constraints. qw qw qw


D) time and money constraints.
qw qw qw


E) budget and time constraints qw qw qw


. Answer: A
qw q w


Diff: 1 Type: MC
qw qw


Page Ref: 3 Topic: 1.1. Engi qw qw qw qw qw


neering decision making Skill: Recall
qw qw qw q w


Type: Qualitative
q w




2) Engineering economics is qw qw


A) a body of knowledge to determine which of several alternative is technically best.
qw qw qw qw qw qw qw qw qw qw qw qw


B) a collection of techniques for quantitative analysis to select a preferable alternative f
qw qw qw qw qw qw qw qw qw qw qw qw


rom several technically viable ones.
qw qw qw qw


C) a set of tools to calculate an engineering project's costs.
qw qw qw qw qw qw qw qw qw


D) a set of rules to evaluate an engineering project.
qw qw qw qw qw qw qw qw


E) a set of methods to determine an engineering project's costs in terms of time value of m
qw qw qw qw qw qw qw qw qw qw qw qw qw qw qw qw


oney. Answer: B qw q w


Diff: 1 Type: MC Page Ref: 3
qw qw qw qw


Topic: 1.2. What is engineering economics S
qw qw qw qw qw qw


kill: Recall
q w


Type: Qualitative
q w




3) From an economic standpoint, any engineering project can be thought of in terms of
qw qw qw qw qw qw qw qw qw qw qw qw qw


A) its costs and benefits over time.
qw qw qw qw qw


B) its constraints.
qw


C) its receipts and disbursements.
qw qw qw


D) its revenues and profits over time.
qw qw qw qw qw


E) its investment and costs over tim
qw qw qw qw qw


e. Answer: A
qw q w


Diff: 1 Type: MC Page Ref: 3
qw qw qw qw


Topic: 1.2. What is engineering economics S
qw qw qw qw qw qw


kill: Recall
q w


Type: Qualitative
q w




1
© 2017 Pearson Canada In
qw qw qw qw

c.

, 4) In the context of your textbook, abstraction means
qw qw qw qw qw qw qw


A) a study.qw


B) a method.
qw


C) a methodology.
qw


D) a model.qw


E) an approach. qw


Answer: D q w


Diff: 1 Type: MC
qw qw


Page Ref: 6 Topic: 1.4. D qw qw qw qw qw


ealing with abstractions Skill: Rec
qw qw qw q w


all
Type: Qualitativeq w




5) When an engineer prepares a feasibility study, what economic information must she posse
qw qw qw qw qw qw qw qw qw qw qw qw


ss in order to do it correctly?
qw qw qw qw qw qw


A) engineering specification qw


B) expert opinion about this project
qw qw qw qw


C) macroeconomic situation in the world qw qw qw qw


D) potential future costs and benefits of the project
qw qw qw qw qw qw qw


E) the level of uncertaint
qw qw qw


y Answer: D
qw q w


Diff: 2 Type: MC
qw qw


Page Ref: 6 Topic: 1.4. D qw qw qw qw qw


ealing with abstractions Skill: App
qw qw qw q w


lied
Type: Qualitativeq w




6) In which of the following problems do you need engineering economics?
qw qw qw qw qw qw qw qw qw qw


A) to choose a course in your program
qw qw qw qw qw qw


B) to chose the right textbook
qw qw qw qw


C) to decide whether to borrow money from parents or from a bank
qw qw qw qw qw qw qw qw qw qw qw


D) to decide whether or not to buy a car
qw qw qw qw qw qw qw qw


E) to decide where to spend summer vacati
qw qw qw qw qw qw


on Answer: C
qw q w


Diff: 2 Type: MC Page Ref: 6-
qw qw qw qw qw qw


8 Topic: 1.4. Dealing with abstracti
qw qw qw qw qw


ons Skill: Applied
qw q w


Type: Qualitativeq w




2
© 2017 Pearson Canada In
qw qw qw qw

c.