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Test: Value Engineering - Mechanical Engineering MCQ


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10 Questions MCQ Test - Test: Value Engineering

Test: Value Engineering for Mechanical Engineering 2024 is part of 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.
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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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