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</p> Signup and view all the answers

    What information do most companies provide regarding their manufactured materials?

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

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

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

    What information do most companies provide regarding their manufactured materials?

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

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

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

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

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

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