Engineering Economics Quiz
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Questions and Answers

What role do economic factors play in engineering design decision making?

  • They primarily focus on consumer preferences
  • They only impact product affordability
  • They have little influence on design decisions
  • They are important for determining product affordability and profitability (correct)

What are the three groups into which material properties may be divided?

  • Physical, Chemical, Biological
  • Metal, Plastic, Composite
  • Solid, Liquid, Gas
  • Electrical, Mechanical, Thermal (correct)

What factors can influence material properties?

  • Temperature, Pressure, Volume, Density
  • Color, Shape, Size, Weight
  • Manufacturer, Retailer, Consumer, Location
  • Processing, Age, Chemical composition, Nonhomogeneity (correct)

How do material properties change with temperature and time?

<p>They change as the material ages (D)</p> Signup and view all the answers

What information do most companies provide regarding their manufactured materials?

<p>Information on important properties (D)</p> Signup and view all the answers

What factor affects material properties such as electrical, mechanical, and thermal properties?

<p>Material processing method (C)</p> Signup and view all the answers

Why must products be designed to be affordable for consumers and profitable for the manufacturer?

<p>To meet functional requirements (C)</p> Signup and view all the answers

What information do most companies provide regarding their manufactured materials?

<p>Important properties of their manufactured materials (D)</p> Signup and view all the answers

Why do products that are too expensive face challenges in the market?

<p>Consumers cannot afford them (D)</p> Signup and view all the answers

What role do economic factors play in engineering design decision making?

<p>Guiding product design and pricing (C)</p> Signup and view all the answers

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