Test Bank for Engineering Economics Financial Decision Making for Engineers, 6th Edition

Test Bank for Engineering Economics Financial Decision Making for Engineers, 6th Edition provides in-depth questions and solutions to reinforce key concepts. Start practicing today!

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Engineering Economics, 5e (Fraser)Chapter 1Engineering Decision Making1.1Multiple Choice Questions1) 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: ADiff: 1Type:MCPage Ref:3Topic: 1.1. Engineering decision makingSkill: RecallUser1: Qualitative2) Engineering economics isA) 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 severaltechnically 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: BDiff: 1Type:MCPage Ref:3Topic: 1.2. What is engineering economicsSkill: RecallUser1: Qualitative3) From an economic standpoint, any engineering project can be thought of in terms ofA) 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: ADiff: 1Type:MCPage Ref:3Topic: 1.2. What is engineering economicsSkill: RecallUser1: Qualitative

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Engineering Economics Financial Dec...

Test Bank for Engineering Economics Financial Decision Making for Engineers, 6th Edition

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