Question

What is NPV in economic consideration of corrosion?

(a) Net profit volume

(b) Net present value

(c) Net profit value

(d) Net precision value

The question was asked during an online exam.

This key question is from Principles topic in section Corrosion Principles of Corrosion Engineering

Answer 1

Right answer is (b) Net present value

To explain I would say: NPV provides the most accurate basis for analyzing business costs and can be directly applied to the economics of corrosion control. But it needs extensive calculations.