Which of the Following Cost Reduction Methods Is NOT Typically

question 123

Multiple Choice

Which of the following cost reduction methods is NOT typically used to move the actual cost to target cost?

• A)reverse engineering
• B)value analysis
• C)process improvement
• D)forward engineering

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Definitions:

International Accounting Standards Board

An independent organization that establishes accounting standards, aiming for global harmonization.

Generally Accepted Accounting Principles

A set of accounting standards and procedures used in the United States to compile financial statements, ensuring consistency and comparability across industries.

Payment Method

The means by which a payment is made and received, including cash, credit cards, bank transfers, and digital payment platforms.