A Process That Involves Examining All Elements of a Component

question 79

Multiple Choice

A process that involves examining all elements of a component, assembly, end product, or service to make sure it fulfills its intended function at the lowest total cost is:

• A)target costing.
• B)design to cost.
• C)value analysis.
• D)examination costing.

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Definitions:

Cognitive Developmental Theory

A theory in psychology that explains how children acquire the ability to think, reason, and use language throughout different stages of their life.

Sociocultural Theory

A psychological theory that explores the important influences that social interactions and culture have on human development and behavior.

Genetic Endowment

The set of genes inherited from one's parents that determine various biological traits and predispositions.

Ecological Approach

A perspective in psychology that emphasizes the study of how organisms relate to one another and to their environments.