Test: Value Engineering


10 Questions MCQ Test Topicwise Question Bank for Mechanical Engineering | Test: Value Engineering


Description
This mock test of Test: Value Engineering for Mechanical Engineering helps you for every Mechanical Engineering entrance exam. This contains 10 Multiple Choice Questions for Mechanical Engineering Test: Value Engineering (mcq) to study with solutions a complete question bank. The solved questions answers in this Test: Value Engineering quiz give you a good mix of easy questions and tough questions. Mechanical Engineering students definitely take this Test: Value Engineering exercise for a better result in the exam. You can find other Test: Value Engineering extra questions, long questions & short questions for Mechanical Engineering on EduRev as well by searching above.
QUESTION: 1

In value engineering, important consideration is given to

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QUESTION: 2

Value is usually considered a relationship between

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QUESTION: 3

Considerthefollowing:
1. A system-oriented approach
2. A multi-disciplined team approach
3. A function oriented approach

Which of the above refer to value engineering?

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QUESTION: 4

In value engineering, value means

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QUESTION: 5

Value engineering is

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QUESTION: 6

The value engineering affects adversely

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QUESTION: 7

The ’value’ can be increased by

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QUESTION: 8

In a value analysis exercise, the cost of a product has come down by 10% without any change in its quality, The product value has improved by

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QUESTION: 9

In value engineering important consideration is given to

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Value engineering is the application of the concept of value analysis at the design or premanufacturing stage of the component part with a view to cut down the unnecessary cost, without impairing the function or utility of the product.

QUESTION: 10

Aluminium tie pin and gold tie pin, both serve the purpose of keeping the tie in position, but the gold pin has significance due to:

Solution:

Esteem Value: The properties, features or attractiveness of an object makes its ownership desirable.
Use Value: The properties or qualities which accomplish a use, work or service.
Cost Value: The sum of labour, material and other cost required to produce the object (also called as Economic value).
Exchange Value: The properties or qualities of, an object that make it possible to exchange it for something else that one wants.

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