Test Bank for Engineering Economics Financial
Decision Making for Engineers Canadian 6th
edition
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Engineering Economics qw
6th Edition
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Niall M. Fraser
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Elizabeth M. Jewkes
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Mehrdad Pirnia qw
,Engineering Economics, 6e (Fraser/Pirnia) qw qw qw qw
Chapter 1 Engineering Decision Making
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1.1 Multiple Choice Questions qw qw
1) Evaluation of an engineering project involves the following constraints
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A) financial, environmental, social and political constraints.
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B) technical and financial constraints. qw qw qw
C) technological and social constraints. qw qw qw
D) time and money constraints.
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E) budget and time constraints qw qw qw
. Answer: A
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Diff: 1 Type: MC
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Page Ref: 3 Topic: 1.1. Engi qw qw qw qw qw
neering decision making Skill: Recall
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Type: Qualitative
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2) Engineering economics is qw qw
A) a body of knowledge to determine which of several alternative is technically best.
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B) a collection of techniques for quantitative analysis to select a preferable alternative f
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rom several technically viable ones.
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C) a set of tools to calculate an engineering project's costs.
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D) a set of rules to evaluate an engineering project.
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E) a set of methods to determine an engineering project's costs in terms of time value of m
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oney. Answer: B qw q w
Diff: 1 Type: MC Page Ref: 3
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Topic: 1.2. What is engineering economics S
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kill: Recall
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Type: Qualitative
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3) From an economic standpoint, any engineering project can be thought of in terms of
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A) its costs and benefits over time.
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B) its constraints.
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C) its receipts and disbursements.
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D) its revenues and profits over time.
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E) its investment and costs over tim
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e. Answer: A
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Diff: 1 Type: MC Page Ref: 3
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Topic: 1.2. What is engineering economics S
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kill: Recall
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Type: Qualitative
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1
© 2017 Pearson Canada In
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c.
, 4) In the context of your textbook, abstraction means
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A) a study.qw
B) a method.
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C) a methodology.
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D) a model.qw
E) an approach. qw
Answer: D q w
Diff: 1 Type: MC
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Page Ref: 6 Topic: 1.4. D qw qw qw qw qw
ealing with abstractions Skill: Rec
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all
Type: Qualitativeq w
5) When an engineer prepares a feasibility study, what economic information must she posse
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ss in order to do it correctly?
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A) engineering specification qw
B) expert opinion about this project
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C) macroeconomic situation in the world qw qw qw qw
D) potential future costs and benefits of the project
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E) the level of uncertaint
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y Answer: D
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Diff: 2 Type: MC
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Page Ref: 6 Topic: 1.4. D qw qw qw qw qw
ealing with abstractions Skill: App
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lied
Type: Qualitativeq w
6) In which of the following problems do you need engineering economics?
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A) to choose a course in your program
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B) to chose the right textbook
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C) to decide whether to borrow money from parents or from a bank
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D) to decide whether or not to buy a car
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E) to decide where to spend summer vacati
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on Answer: C
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Diff: 2 Type: MC Page Ref: 6-
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8 Topic: 1.4. Dealing with abstracti
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ons Skill: Applied
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Type: Qualitativeq w
2
© 2017 Pearson Canada In
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c.
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
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A) financial, environmental, social and political constraints.
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B) technical and financial constraints. qw qw qw
C) technological and social constraints. qw qw qw
D) time and money constraints.
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E) budget and time constraints qw qw qw
. Answer: A
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Diff: 1 Type: MC
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Page Ref: 3 Topic: 1.1. Engi qw qw qw qw qw
neering decision making Skill: Recall
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Type: Qualitative
q w
2) Engineering economics is qw qw
A) a body of knowledge to determine which of several alternative is technically best.
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B) a collection of techniques for quantitative analysis to select a preferable alternative f
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rom several technically viable ones.
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C) a set of tools to calculate an engineering project's costs.
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D) a set of rules to evaluate an engineering project.
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E) a set of methods to determine an engineering project's costs in terms of time value of m
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oney. Answer: B qw q w
Diff: 1 Type: MC Page Ref: 3
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Topic: 1.2. What is engineering economics S
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kill: Recall
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Type: Qualitative
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3) From an economic standpoint, any engineering project can be thought of in terms of
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A) its costs and benefits over time.
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B) its constraints.
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C) its receipts and disbursements.
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D) its revenues and profits over time.
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E) its investment and costs over tim
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e. Answer: A
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Diff: 1 Type: MC Page Ref: 3
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Topic: 1.2. What is engineering economics S
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kill: Recall
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Type: Qualitative
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1
© 2017 Pearson Canada In
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c.
, 4) In the context of your textbook, abstraction means
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A) a study.qw
B) a method.
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C) a methodology.
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D) a model.qw
E) an approach. qw
Answer: D q w
Diff: 1 Type: MC
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Page Ref: 6 Topic: 1.4. D qw qw qw qw qw
ealing with abstractions Skill: Rec
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all
Type: Qualitativeq w
5) When an engineer prepares a feasibility study, what economic information must she posse
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ss in order to do it correctly?
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A) engineering specification qw
B) expert opinion about this project
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C) macroeconomic situation in the world qw qw qw qw
D) potential future costs and benefits of the project
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E) the level of uncertaint
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y Answer: D
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Diff: 2 Type: MC
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Page Ref: 6 Topic: 1.4. D qw qw qw qw qw
ealing with abstractions Skill: App
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lied
Type: Qualitativeq w
6) In which of the following problems do you need engineering economics?
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A) to choose a course in your program
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B) to chose the right textbook
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C) to decide whether to borrow money from parents or from a bank
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D) to decide whether or not to buy a car
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E) to decide where to spend summer vacati
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on Answer: C
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Diff: 2 Type: MC Page Ref: 6-
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8 Topic: 1.4. Dealing with abstracti
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ons Skill: Applied
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Type: Qualitativeq w
2
© 2017 Pearson Canada In
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c.
