The Objective of Value Analysis Is to Enhance Value by Reducing

question 33

True/False

The objective of value analysis is to enhance value by reducing the cost of a good or service without sacrificing quality, enhancing functionality without increasing cost, or providing greater functionality to the user above and beyond any increase in cost.

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Definitions:

Ethical Blind Spots

Areas or situations where individuals fail to recognize ethical issues or dilemmas, often due to cognitive biases.

Ethical Misconduct

Actions or behaviors by individuals or organizations that violate ethical norms or standards.

Conflicts of Interest

Situations where a person's private interests might interfere with their professional obligations or duties.

Whistle-blowing

The practice of disclosing any form of information or conduct considered unlawful, unethical, or improper inside an organization.