Product Design And Value Engineering Set 5

Mechanical Engineering

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This set of Product Design and Value Engineering Multiple Choice Questions & Answers (MCQs) focuses on Product Design And Value Engineering Set 5

Q1 | Which phase is not available in SAVE plan methodology?
  • Information
  • Creative
  • Execution
  • Recommendation
Answer: Recommendation
Q2 | Value Engineering can be applied in the following area _________.
  • Construction
  • Process
  • Manufacturing
  • All of the above
Answer: All of the above
Q3 | What is the sell function of curtain ?
  • To cover window
  • For aesthetic
  • Prevent dust
  • All of the above
Answer: For aesthetic
Q4 | Problem solving consists of
  • Identifying problem
  • Thorough study of problem
  • Creating alternatives
  • All of the above
Answer: All of the above
Q5 | Which Job plan phase is mostly preferred by Value engineering?
  • Identification
  • Creative
  • Evaluation
  • Development
Answer: Identification
Q6 | Maximum team size of Value analysis or Value Engineering?
  • 16
  • 30
  • 15
  • 6
Answer: 6
Q7 | Problem solving consists of _________.
  • Identifying problem
  • Thorough study of problem
  • Creating alternatives
  • All of the above
Answer: All of the above
Q8 | What is the basic function of refrigeration system?
  • Protect food
  • Produce low temperature
  • Cool content
  • Freeze water
Answer: Produce low temperature
Q9 | The cost value includes ________.
  • Material cost
  • Labor cost
  • Material cost, labor cost and overhead cost
  • None
Answer: Material cost, labor cost and overhead cost
Q10 | The value is ___________.
  • Same for every one
  • Different for different people
  • Different of different geographies
  • None
Answer: Same for every one
Q11 | The lowest overall cost of the product also known as _______.
  • Cost value
  • Worth
  • Esteem value
  • Use value
Answer: Cost value
Q12 | The value can be increased by ___________.
  • Increasing performance
  • Decreasing cost
  • Both a & b
  • None
Answer: Both a & b
Q13 | Who will nominate Value Engineering TEAM?
  • Management
  • Design
  • Marketing
  • None of the above
Answer: Management
Q14 | Who will participate in VE TEAM?
  • Full time team
  • Full time manager
  • Individual
  • None of the above
Answer: Individual
Q15 | What is key factor of value engineering?
  • Identify unnecessary cost
  • Identify necessary cost
  • Both a & B
  • None of the above
Answer: Identify unnecessary cost
Q16 | Out of the seven types of values as per Aristotle, VA/VE concentrates on
  • Political value
  • Economic Value
  • Spiritual value
  • Religious value
Answer: Economic Value
Q17 | Market value at any point of time is the _______.
  • Cost value
  • Esteem value
  • Worth
  • Use value
Answer: Esteem value
Q18 | A detailed version of a new idea stated in meaningful customer terms is called a ________.
  • product movement
  • product image
  • product idea
  • product concept
  • none
Answer: product concept
Q19 | A manufacturer with a product in the decline stage of the product life cycle might decide to ________ if it has reason to hope that competitors will leave the industry.
  • delay planning
  • harvest the product
  • maintain the product without change
  • search for replacements
  • drop the product
Answer: maintain the product without change
Q20 | An attractive idea must be developed into a ________.
  • product idea
  • product image
  • test market
  • product concept
  • product strategy
Answer: product concept
Q21 | During which stage of new-product development is management most likely to estimate minimum and maximum sales to assess the range of risk in launching a new product?
  • business analysis
  • product development
  • marketing strategy development
  • test marketing
  • concept testing
Answer: business analysis
Q22 | Executives, manufacturing employees, and salespeople are all examples of ________.
  • core members of innovation management systems
  • new-product committee members
  • external sources for new-product ideas
  • internal sources for new-product ideas
  • research and development team members
Answer: external sources for new-product ideas
Q23 | GrayBerry Gifts has just brainstormed a large number of ideas for adding new products and services after visiting several buying fairs. The owners will begin the first idea-reducing stage, called ________ , to arrive at a realistic number to adopt.
  • idea screening
  • idea generation
  • concept development
  • idea dissemination
  • product concept
Answer: idea screening
Q24 | In the ________ stage of new-product development, products often undergo rigorous tests to make sure that they perform safely and effectively or that consumers will find value in them.
  • idea generation
  • concept development and testing
  • product development
  • marketing mix
  • business analysis
Answer: product development
Q25 | In the ________ stage, the firm faces a trade-off between high market share and high current profit.
  • commercialization
  • introduction
  • growth
  • decline
  • maturity
Answer: growth
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