Economic Considerations in Engineering Practice
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Questions and Answers

What is a critical driving force in engineering practice?

  • Technological advancement
  • Economics (correct)
  • Environmental sustainability
  • Social responsibility

    • What does the engineer need to consider when designing a component?

  • Consumer preferences only
  • Size, shape, and configuration (correct)
  • End-of-life procedures only
  • Profit margins only

    • In the global marketplace, what does economics not always mean?

  • Final cost of a product only (correct)
  • Regulations regarding chemicals only
  • Consumer preferences only
  • End-of-life procedures only

    • What factors does the materials engineer have control over that affect the cost of a product?

    <p>Component design, material(s) used, and manufacturing technique(s)</p> Signup and view all the answers

    What may result in a cheaper fabrication process in some instances?

    <p>Compliance with regulations</p> Signup and view all the answers

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