Value Engineering, Insurance and Lock In Costs MCQs Test Online PDF Download

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MCQ on Value Engineering, Insurance and Lock In CostsQuiz PDF Download

MCQ: If cost is eliminated, then reducing perceived usefulness that customers can obtain by using market offering will come under

  1. designed-in costs
  2. locked-in costs
  3. value added cost
  4. non-value added cost

C

MCQ: Costs that are planned in future and has not been incurred are known as

  1. designed-in costs
  2. locked-in costs
  3. value added cost
  4. both a and b

A

MCQ: Concept, which states that resources are used to meet particular goals is

  1. cost incurrence
  2. valued incurrence
  3. locked incurrence
  4. non valued incurrence

A

MCQ: Selection of target price, understanding customer requirements, improving product designs and use of cross functional teams are considered as aspects of

  1. target pricing
  2. target costing
  3. value engineering
  4. all of above

D

MCQ: Kind of cost which on elimination, would not reduce perceived usefulness that customers can obtain by using market offering is known as

  1. designed-in costs
  2. locked-in costs
  3. value added cost
  4. non-value added cost

D