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Test: Value Engineering - Mechanical Engineering MCQ


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

Test: Value Engineering for Mechanical Engineering 2024 is part of Topicwise Question Bank for Mechanical Engineering preparation. The Test: Value Engineering questions and answers have been prepared according to the Mechanical Engineering exam syllabus.The Test: Value Engineering MCQs are made for Mechanical Engineering 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Value Engineering below.
Solutions of Test: Value Engineering questions in English are available as part of our Topicwise Question Bank for Mechanical Engineering for Mechanical Engineering & Test: Value Engineering solutions in Hindi for Topicwise Question Bank for Mechanical Engineering course. Download more important topics, notes, lectures and mock test series for Mechanical Engineering Exam by signing up for free. Attempt Test: Value Engineering | 10 questions in 30 minutes | Mock test for Mechanical Engineering preparation | Free important questions MCQ to study Topicwise Question Bank for Mechanical Engineering for Mechanical Engineering Exam | Download free PDF with solutions
Test: Value Engineering - Question 1

In value engineering, important consideration is given to

Test: Value Engineering - Question 2

Value is usually considered a relationship between

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Test: Value Engineering - 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?

Test: Value Engineering - Question 4

In value engineering, value means

Test: Value Engineering - Question 5

Value engineering is

Test: Value Engineering - Question 6

The value engineering affects adversely

Test: Value Engineering - Question 7

The ’value’ can be increased by

Test: Value Engineering - 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

Detailed Solution for Test: Value Engineering - Question 8

Test: Value Engineering - Question 9

In value engineering important consideration is given to

Detailed Solution for Test: Value Engineering - Question 9

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.

Test: Value Engineering - 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:

Detailed Solution for Test: Value Engineering - Question 10

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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