Value Engineering Can Reduce Costs by All of the Following

question 109

Multiple Choice

Value engineering can reduce costs by all of the following EXCEPT:

• A)simplifying the design and thereby decreasing the number of component parts
• B)reducing the number of features offered
• C)redesigning alternative options over and over until the wishes of all cross-functional team members are accommodated
• D)building efficiencies into value-added costs

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Definitions:

Subsidies

Financial support extended to an economic sector (or institution, business, or individual) with the aim of promoting economic and social policy objectives.

Wage Payments

The act of providing remuneration to employees for their labor, usually in the form of a monetary payment over a specified time period.

Personal Income Tax Revenues

Government earnings collected from individuals based on their income, which vary depending on the income level.

Provision

The act of supplying or making available goods, services, or resources to meet a need or demand.