Question

Engineering economics is ... ? A) a body of knowledge to determine which of several alternative...

Engineering economics is ... ?

A) a body of knowledge to determine which of several alternative is technically best.
B) a collection of techniques for quantitative analysis to select a preferable alternative from several technically viable ones.
C) a set of tools to calculate an engineering project's costs.
D) a set of rules to evaluate an engineering project.
E) a set of methods to determine an engineering project's costs in terms of time value of money.
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Answer #1

(B).a collection of technique for quantitative analysis bto select a preferable alternative from several technically viable onces.

Explanation:

It can be defined as the science that deals with techniques of quantitative analysis useful for selection a preference alternative from several technically viable once.the practical science of engineering economics was originally developed specifically to deal with determining which of several alternatives was in fact the most economical,choosing the least expensive alternative,through is not the entire story,and might be technically feasible and the most reasonally priced solution to a problem,if the money isn't available to do it,it cannot be done.

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