The Purpose of Value Analysis/value Engineering (VA/VE) Is To

question 58

Multiple Choice

The purpose of value analysis/value engineering (VA/VE) is to:

• A) simplify products and processes
• B) improve the value that customers find in existing products
• C) relate the customer's needs to technical specifications
• D) meet budgets and improve the results of financial models
• E) facilitate better cooperation between business functions

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Definitions:

Element

Substance composed of atoms of only one kind.

Chemical Characteristics

Properties or behaviors of substances that describe their composition, reactivity, and the changes they undergo during chemical reactions.

Atom

The basic unit of a chemical element, consisting of a nucleus of protons and neutrons, and electrons orbiting the nucleus.

Matter

Anything that occupies space and has mass, composed of atoms or molecules.