. Which of the following statements is incorrect? (a) Economic decisions are time invariant. (b) Time and risk arc are the most important factors in any investment evaluation. (c) For a large-scale engineering project, engineers must consider the impact of the project on the company’s financial statements. (d) One of the primary roles of engineers is to make capital expenditure decisions. 2 When evaluating a large-scale engineering project, which of the following items is important? (a) Expected profitability (b) Timing of cash nows (c) Degree of financial risk (d) All of the above 3. Which of the following statements defines the discipline of engineering economics most closely? (a) Economic decisions made by engineers. (b) Economic decisions related to financial assets. (c) Economic decisions primarily for real assets and service from engineering projects. (d) Any economic decision related to the time value of money. 4.Which of the following statements is not one of the four fundamental principles of engineering economics? (a) Receiving a dollar today is worth more than a dollar received in the (future. (b) To expect a high return on investment, you need to take a higher risk. (c) Marginal revenue must exceed marginal cost to justify any production. (d) When you are comparing different alternatives. you must not focus only differences in alternatives.
1. Which of the following statements is incorrect?
(a) Economic decisions are time invariant.
(b) Time and risk arc are the most important factors in any investment evaluation.
(c) For a large-scale engineering project, engineers must consider the impact of the project on the company’s financial statements.
(d) One of the primary roles of engineers is to make capital expenditure decisions.
2 When evaluating a large-scale engineering project, which of the following items is important?
(a) Expected profitability
(b) Timing of cash nows
(c) Degree of financial risk
(d) All of the above
3. Which of the following statements defines the discipline of
(a) Economic decisions made by engineers.
(b) Economic decisions related to financial assets.
(c) Economic decisions primarily for real assets and service from engineering projects.
(d) Any economic decision related to the
4.Which of the following statements is not one of the four fundamental principles of engineering economics?
(a) Receiving a dollar today is worth more than a dollar received in the (future.
(b) To expect a high
(c) Marginal revenue must exceed marginal cost to justify any production.
(d) When you are comparing different alternatives. you must not focus only differences in alternatives.
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