Which of the Following Is Not a Step of Value-Engineering

question 76

Multiple Choice

Which of the following is not a step of value-engineering?

• A) Understanding customer requirements and value-added and non-value added costs
• B) Set a price using the market approach
• C) Anticipating how costs are locked in before they are incurred
• D) Using cross-functional teams to redesign products and process to reduce costs while meeting customer needs

---

Definitions:

Agricultural Produce

Refers to the harvested product of biological assets (plants and animals) that are intended for sale or processing.

IASC

The International Accounting Standards Committee, a body responsible for developing the International Accounting Standards.

Agricultural Activity

The management by an entity of the biological transformation and harvest of biological assets for sale or for conversion into agricultural produce or into additional biological assets.

AASB 141

An accounting standard regarding agriculture under the Australian Accounting Standards Board that guides the accounting for agricultural activity.