Which of the Following Is Not a Step of Value-Engineering

question 76

Multiple Choice

Which of the following is not a step of value-engineering?

• A) Understanding customer requirements and value-added and non-value added costs
• B) Set a price using the market approach
• C) Anticipating how costs are locked in before they are incurred
• D) Using cross-functional teams to redesign products and process to reduce costs while meeting customer needs

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Definitions:

Arithmetic Mean

The sum of a set of numerical values divided by the number of values in the set, commonly known as the average.

Average

A statistical measure representing the central or typical value in a set of data, calculated mainly as the mean or median.

Inferential Statistics

A branch of statistics that allows one to make predictions or inferences about a population based on a sample of data.

Psychological Tests

Standardized measures designed to assess various aspects of a person's mental health, personality, intelligence, or abilities.