Value Engineering May Result in All of the Following EXCEPT

question 8

Multiple Choice

Value engineering may result in all of the following EXCEPT:

• A)the evaluation of all business functions within the value chain.
• B)changes in materials specifications.
• C)increases in the quantity of non-value-added cost drivers.
• D)improved product design.

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Definitions:

Tax

Compulsory financial charges or other types of levies imposed upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures.

Producer Surplus

The difference between what producers are willing to accept for a good or service and the higher price they actually receive, representing the benefit to producers.

Tax

A tax represents an obligatory monetary fee or different kind of charge applied to a taxpayer by a government entity, intended to finance government operations and a range of public spending.

Sellers Receive

Refers to the revenue or payment that sellers get in exchange for providing goods or services in a market.