100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Test Bank for Engineering Economics Financial Decision Making for Engineers Canadian 6th edition CA$35.18   Add to cart
Quickly navigate to
Preview
  2.  
  3. Tet Bank For Engineering Economics Financial Dec
  4.  
  5. Tet Bank For Engineering Economics Financial Dec
  6.  
  7. Tet Bank for Engineering Economics Financial Dec

Exam (elaborations)

Test Bank for Engineering Economics Financial Decision Making for Engineers Canadian 6th edition
 1 view  0 purchase

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

Preview 4 out of 277  pages

Document information

  • June 6, 2024
  • 277
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

Subjects

  • test bank for engineering economics financial dec

Written for

All documents for this subject (1)

Seller

avatar-seller
NURSMARY

Reviews received

Content preview

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




1
© 2017 Pearson Canada Inc.

, 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.

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller NURSMARY. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for CA$35.18. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

79650 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
CA$35.18
  • (0)
  Add to cart