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:

Standard Deviations

A measure in statistics that quantifies the amount of variation or dispersion of a set of data values, indicating how much the data differs from the mean.

IQ Test

A standardized assessment used to measure a person's cognitive abilities and potential in comparison to the general population.

Gifted

Possessing above-average intelligence or talent in one or more domains.

Standard Deviations

A measure of the amount of variation or dispersion of a set of values, indicating how much the values of a dataset deviate from the mean.