Question 2: Select the best possible answer: I. Engineering economy studies have

Question

Question 2: Select the best possible answer: I. Engineering economy studies have the following objective(s): A. Propose alternative solutions to engineering problems and demonstrate a positive balance of long-term benefits over long-term costs B. Propose alternative solutions to engineering problems that provide positive long-term benefits as opposed to long-term costs C. Assisting decision makers through technical analysis with emphasis on economic aspects which involves the systematic evaluation of the economic merits of proposed solutions to engineering problems D. None of the above

Explanation / Answer

Answer : Option C is correct. Engineering economic studies the following objective such as assisting decision maker through technical analysis with emphasis on economic aspects which involves systematic evaluation of the economic merits of proposed solution to engineering problems. The economic viability of the proper solution and evaluation of economic outcomes . The main objective of engineering economic is to formulate, estimate and evaluate the proper alternative.

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