Engineering Process Quiz

Which of the following is the first step in the engineering process?

• Determination of objectives

• Identification of strategic factors

• Evaluation of engineering proposals

• Assistance in decision-making

Which step in the engineering process involves identifying key influences on a project?

• Determination of means

• Identification of strategic factors

• Revisit decision

• Use a common unit of measure

Engineering is best defined as:

• The application of mathematical and natural sciences to utilize materials and forces of nature economically for human benefit

• The study of consumer behaviors in an industrial setting

• The economic evaluation of business processes

• The study of natural sciences

Which of the following is NOT a principle of engineering economy?

• Use a consistent viewpoint

• Use a common unit of measure

• Ignore risk and uncertainty

• Develop alternatives

Engineering economy mainly focuses on:

• Short-term profitability

• The systematic evaluation of the economic merits of engineering solutions

• The technical feasibility of projects

• Engineering ethics

Which of the following best describes ‘necessities’?

• Non-essential goods purchased with surplus funds

• Essential products/services needed regardless of price changes

• Raw materials used to create consumer goods

• Services performed for others

Which term refers to raw materials used in the creation of consumer goods?

• Capital Goods

• Consumer Goods

• Producer Goods

• Durable Goods

What type of goods are directly used to satisfy human needs, such as food and clothing?

• Consumer Goods

• Capital Goods

• Producer Goods

• Luxury Goods

What is the primary goal of marketing?

• To design engineering projects

• To distribute and promote goods/services

• To calculate depreciation

• To analyze interest rates

What happens when demand exceeds supply?

• Surplus

• Shortage

• Market equilibrium

• Price stability