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

question 24

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:

Chemistry Department

A specific division within a college or university focusing on the study and teaching of chemistry.

Sample Mean

The average value of a sample, used to estimate the population mean.

Sample Standard Deviation

A measure that quantifies the amount of variation or dispersion of a set of sample values relative to the sample mean.

Sample Proportion

The ratio of members in a sample that have a particular attribute to the total number of members in the sample.