Test Your Knowledge in Economic Principles and Engineering Standards

A detailed illustration of a sports car surrounded by engineering blueprints and economic graphs, with elements representing cost leadership and technical standards.

Test Your Knowledge in Economic Principles and Engineering Standards

Challenge yourself with our comprehensive quiz that covers crucial economic principles and engineering standards. From understanding cost leadership strategies to technical specifications in sports car design, this quiz is designed for those eager to enhance their knowledge.

Join us to explore:

Economic principles related to cost leadership
Technical inspection criteria for engineering projects
Calculation of net present value in automotive engineering

11 Questions3 MinutesCreated by CalculatingCheetah127

Which of the following terms describes an economic principle that is most essential for the success of companies that strive for cost leadershp in their market?

Receiver Operator Characteristic (ROC) curve

Maximization of differentiation

FIFO (First In - First Out)

Economies of Scale

How much does the customer price (incl 19% VAT) for a sportscar need to be, in order to achieve a net present value (NPV) for the program at decision (year 1) of 100.000.000 € (one hundred million), considering that it will need an investment of 50.000.000 € (fifty million) in year one.

The program will sell 500 cars per year in year 2,3,4 and 5 and ends after that. In year 6 the tools and intellectual property can be sold for 10.000.000 € (ten million).

The cost of capital/interest rate is 7.5% per year (WACC). The cars are sold with a calculated gross margin of product of 40 %. The customer price is assumed to be constant over all years.

Mark all true statements according to the FS Rules

The minimal material outside diameter (without any decimal place) of a closed section steel tube with wall thickness of 2mm for the main hoop is 30 mm

After technical inspection a complete damper can be changed

The minimal bend radius for hoops is 2.5 times the outside diameter of the used tubular material

For the VSV the car must run under its own power

A team can receive penalty points for issues in Technical Inspection

For the cost and Manufacturing Event, all costs must be displayed in Dollar

The outer diameter of a skid pad track circle is 31.25 m

The minimal fuel pressure for the injection system is 1.5 bar

Test Your Knowledge in Economic Principles and Engineering Standards

Test Your Knowledge in Economic Principles and Engineering Standards

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