Top 150+ Solved Product Design and Value Engineering MCQ Questions Answer
Q. ____ begins when the company finds and develops a new-product idea. During product development, sales are zero and the company's investment costs mount.
a. Introduction
b. Growth
c. Maturity
d. Product development
Q. _____ is a period of slow sales growth as the product is introduced into the market. Profits are nonexistent in this stage because of the heavy expenses of product introduction.
a. Growth
b. Product development
c. Maturity
d. Introduction
Q. ____ is a period of market acceptance and increasing profits.
a. Product development
b. Maturity
c. Growth
d. Introduction
Q. _____ is the course of a product's sales and profits over its lifetime, involving five distinct stages: product development, introduction, growth, maturity, and decline.
a. Product life cycle
b. Maturity
c. Growth
d. Decline
Q. What does the term PLC stands for?
a. Product life cycle
b. Production life cycle
c. Product long cycle
d. Production long cycle
Q. Which of the following is stage of Product Life Cycle?
a. Introduction Stage
b. Growth stage
c. Decline stage
d. All of the above
Q. The purchase cost of product is included into cost of maintenance and is subtracted from discounted alvage value to calculate _____
a. Purchase cycle cost
b. Cost of responsiveness
c. Life cycle cost
d. Assurance cost
Q. Value for Value Engineering analysis purposes is defined as ________.
a. Purchase value
b. Saleable value
c. Depreciated value
d. Function/Cost
Q. Material Requirements Planning DOES NOT include _______.
a. Material price
b. Bill of material
c. Inventory level
d. Production schedule
Q. In Total Productive Maintenance, Unplanned downtime Losses include;
a. Equipment Breakdown
b. Shift Changes
c. Unplanned maintenance
d. Options (A) & (C)
Q. Productivity increases when __________.
a. inputs increase while outputs remain the same
b. inputs decrease while outputs remain the same
c. outputs decrease while inputs remain the same
d. inputs and outputs increase proportionately
Q. Which of these is correct with respect to a product developed or a service performed?
a. Neither bad grade nor quality is acceptable
b. Grade and quality is the same thing.
c. Bad quality is acceptable, but bad grade is not.
d. Bad grade is acceptable, but bad quality is not.
Q. Value analysis examines the ________.
a. Design of every component
b. Method of manufacturing
c. Material used
d. All of the above
Q. Value analysis is normally applied to _____.
a. New products
b. Old products
c. Future products
d. Both (A) and (B)
Q. Value can be defined as the combination of _______ which ensures the ultimate economy and satisfaction of the customer.
a. Efficiency, quality, service and price
b. Efficiency, quality, service and size
c. Economy, quality, service and price
d. Efficiency, material, service and price