What Is the First Step in Conducting Value Engineering/value Analysis

question 8

Multiple Choice

What is the first step in conducting value engineering/value analysis?

• A)Estimate the value of each function in a product.
• B)Identify the functional purposes of a product.
• C)Compare the importance and cost of each function.
• D)Ask suppliers to provide cost information.

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Definitions:

Extinction

Extinction refers to the process in conditioning where the occurrence of a conditioned response decreases or disappears when the conditioned stimulus is repeatedly presented without the unconditioned stimulus.

Acquisition

The process of learning or obtaining new information or skills.

Spontaneous Recovery

Refers to the sudden reappearance of a previously extinguished response in the absence of further conditioning.

Testing

The process of administering a test to measure an individual's abilities, knowledge, or performance on a specific task or subject.