Econ 3

Econ 3

University

13 Qs

quiz-placeholder

Similar activities

Electric Traction Quiz

Electric Traction Quiz

University

10 Qs

24EE2081 - Quiz1

24EE2081 - Quiz1

University

15 Qs

Electromechanic

Electromechanic

University

11 Qs

Understanding Resistance Concepts

Understanding Resistance Concepts

University

15 Qs

Quiz T2_Malaysia Practices on Sustainability

Quiz T2_Malaysia Practices on Sustainability

University

15 Qs

Quiz 2_Exploring Architectural Drawings

Quiz 2_Exploring Architectural Drawings

University

10 Qs

Pre-test Pelatihan PPIC

Pre-test Pelatihan PPIC

University

10 Qs

Compiler

Compiler

University

10 Qs

Econ 3

Econ 3

Assessment

Quiz

Engineering

University

Practice Problem

Medium

Created by

Joshua Biag

Used 3+ times

FREE Resource

AI

Enhance your content in a minute

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

13 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is the first step in the engineering economic analysis procedure?

Analysis and Comparison of Alternatives

Problem Definition

Selection of a Decision Criterion

Development of Alternatives

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which principle is incorporated in the selection of a decision criterion?

Principle 7

Principle 5

Principle 1

Principle 3

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What does a cash flow represent in engineering economy?

The number of alternatives considered

The economic effects of an alternative

The total cost of a project

The time taken for project completion

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is the main focus of Step 2 in the engineering economic analysis?

Analysis of Cash Flows

Performance Monitoring

Development of Alternatives

Selection of the Preferred Alternative

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which of the following is NOT a limitation when searching for superior alternatives?

Lack of knowledge

Excessive knowledge

Preconceptions of what will work

Lack of time and money

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is the purpose of performance monitoring in engineering economy?

To select the best alternative

To improve future analyses

To develop investment alternatives

To define the problem

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

In present economy studies, what is the time frame for comparing alternatives?

More than one year

One year or less

Five years

Indefinite time frame

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?