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  3. 1. the following are economic criteria to evaluate

1. The following are economic criteria to evaluate an engineering project, except one. Which one? Select One: a)...

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Mechanical Engineering

1. The following are economic criteria to evaluate anengineering project, except one. Which one?

Select One:

a) Maximum Profit

b) Minimum Profit

c) Maximum Rate of return

d) Minimum Pollution

e) Minimum Payback period

2. Engineers often use a common method used to resolveuncertainty, which is:

Select one:

a. risk analysis.

b. cash-flow analysis.

c. sensitivity analysis.

d. economic impact analysis.

e. marginal analysis.

3. If offered $100 today or $150 one year from now, you arebeing asked to:

Select one:

a. make a guess.

b. make a choice under uncertainty.

c. reveal your implied interest rate.

d. compare two values which are not comparable in principle.

e. reveal your private financial information.

Answer & Explanation Solved by verified expert
4.4 Ratings (876 Votes)
1 Answer d Maximum profit minimum profit max Rate of return and min payback period are all criteria in economics used to evaluate the    See Answer
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