
POM Chapter 7 VALUE ENGINEERING AND VALUE ANALYSYS
Quiz
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Professional Development
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Professional Development
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Practice Problem
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Hard
Vikram Chavan
Used 9+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Which of the following components of the value chain is designed to provide information to potential customers and make products and services accessible to customers?
Research and development (R&D) and design activities
Suppliers and production-related activities
Marketing and distribution activities
Customer service activities
2.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Which of the following is a non-value-added activity?
Clear and truthful advertising
Designs that meet engineering specifications but have limited customer input
Competent and timely after-sales customer help
Use of suppliers that provide high-quality inputs
3.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Which of the following is a basic procedure related to activity-based costing (ABC)?
Identifying activities
Creating an associated activity cost pool
Identifying an activity measure
All of the above
4.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
At which stage of a product's life cycle is target cost determined?
Planning and marketing analysis
Product development
Production design
Concept design
5.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Costs that are included as the cost of resources consumed in activities that prevent defects from occurring are called which type of quality costs?
Prevention costs
Appraisal costs
Internal failure costs
Unreliable equipment
6.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Which of the following are techniques commonly used by organizations to manage costs over their value chain?
Activity-based management
The target costing process
Just-in-time procedures
All of the above
7.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
which of the following are benefits of the value engineering ?
Cost reduction
Robust Design
Improvement in functions of the product
Design for quality
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