MCQOPTIONS
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MCQOPTIONS
This section includes 128 Mcqs, each offering curated multiple-choice questions to sharpen your Mechanical Engineering knowledge and support exam preparation. Choose a topic below to get started.
| 51. |
An attractive idea must be developed into a _____. |
| A. | product idea |
| B. | product concept |
| C. | product image |
| D. | test market |
| Answer» C. product image | |
| 52. |
Which of the following is perhaps the most important external source of new-product ideas? |
| A. | engineers |
| B. | distributors and suppliers |
| C. | competitors |
| D. | customers |
| E. | trade magazines, shows, and seminars |
| Answer» E. trade magazines, shows, and seminars | |
| 53. |
Maximum team size of Value analysis or Value Engineering? |
| A. | 16 |
| B. | 30 |
| C. | 15 |
| D. | 6 |
| Answer» E. | |
| 54. |
Problem solving consists of _________. |
| A. | Identifying problem |
| B. | Thorough study of problem |
| C. | Creating alternatives |
| D. | All of the above |
| Answer» E. | |
| 55. |
The value is ___________. |
| A. | Same for every one |
| B. | Different for different people |
| C. | Different of different geographies |
| D. | None |
| Answer» B. Different for different people | |
| 56. |
The lowest overall cost of the product also known as _______. |
| A. | Cost value |
| B. | Worth |
| C. | Esteem value |
| D. | Use value |
| Answer» B. Worth | |
| 57. |
What is the basic function of refrigeration system? |
| A. | Protect food |
| B. | Produce low temperature |
| C. | Cool content |
| D. | Freeze water |
| Answer» C. Cool content | |
| 58. |
The cost value includes ________. |
| A. | Material cost |
| B. | Labor cost |
| C. | Material cost, labor cost and overhead cost |
| D. | None |
| Answer» D. None | |
| 59. |
Who will nominate Value Engineering TEAM? |
| A. | Management |
| B. | Design |
| C. | Marketing |
| D. | None of the above |
| Answer» B. Design | |
| 60. |
The value can be increased by ___________. |
| A. | Increasing performance |
| B. | Decreasing cost |
| C. | Both a & b |
| D. | None |
| Answer» D. None | |
| 61. |
What is key factor of value engineering? |
| A. | Identify unnecessary cost |
| B. | Identify necessary cost |
| C. | Both a & B |
| D. | None of the above |
| Answer» B. Identify necessary cost | |
| 62. |
Who will participate in VE TEAM? |
| A. | Full time team |
| B. | Full time manager |
| C. | Individual |
| D. | None of the above |
| Answer» D. None of the above | |
| 63. |
Out of the seven types of values as per Aristotle, VA/VE concentrates on |
| A. | Political value |
| B. | Economic Value |
| C. | Spiritual value |
| D. | Religious value |
| Answer» C. Spiritual value | |
| 64. |
Market value at any point of time is the _______. |
| A. | Cost value |
| B. | Esteem value |
| C. | Worth |
| D. | Use value |
| Answer» C. Worth | |
| 65. |
A detailed version of a new idea stated in meaningful customer terms is called a ________. |
| A. | product movement |
| B. | product image |
| C. | product idea |
| D. | product concept |
| E. | none |
| Answer» E. none | |
| 66. |
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. |
| A. | delay planning |
| B. | harvest the product |
| C. | maintain the product without change |
| D. | search for replacements |
| E. | drop the product |
| Answer» D. search for replacements | |
| 67. |
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? |
| A. | business analysis |
| B. | product development |
| C. | marketing strategy development |
| D. | test marketing |
| E. | concept testing |
| Answer» B. product development | |
| 68. |
An attractive idea must be developed into a ________. |
| A. | product idea |
| B. | product image |
| C. | test market |
| D. | product concept |
| E. | product strategy |
| Answer» E. product strategy | |
| 69. |
Executives, manufacturing employees, and salespeople are all examples of ________. |
| A. | core members of innovation management systems |
| B. | new-product committee members |
| C. | external sources for new-product ideas |
| D. | internal sources for new-product ideas |
| E. | research and development team members |
| Answer» D. internal sources for new-product ideas | |
| 70. |
All of the following are accurate descriptions of ways companies are anxious to learn how to improve the odds of new-product success, except which one? |
| A. | Find out what successful new products have in common. |
| B. | To learn lessons from new product failures. |
| C. | Companies have to learn to understand their own consumers. |
| D. | Do not overly rely on product innovation when you can succeed by copying others. |
| Answer» E. | |
| 71. |
Product concepts are presented to consumers during concept testing in any of the following ways, except which one? |
| A. | A word or picture description is presented to consumers. |
| B. | A concrete and physical presentation of the concept will increase the reliability of the concept test. |
| C. | Some companies are using virtual reality to test product concepts. |
| D. | Companies are reluctant to use the Web to test product concepts. |
| Answer» E. | |
| 72. |
All of the following are major external sources of new-product ideas, except which one? |
| A. | Companies can conduct surveys or focus groups to learn about consumer needs and wants. |
| B. | Competitors are a good source of new-product ideas. |
| C. | Some companies employ creative approaches, including both "method and madness" in helping them to generate new product ideas. |
| D. | Good ideas come from watching and listening to customers. |
| Answer» E. | |
| 73. |
All of the following are accurate descriptions of new product ideas, except which one? |
| A. | New product development starts with idea generation. |
| B. | Some companies use brainstorming exercises that expand people's minds and generate new ideas around the client's problem. |
| C. | At the beginning of the process, carefully scrutinize each idea and throw far-fetched and impractical ones out the window. |
| D. | Customers must be careful not to rely too heavily on customer input when developing new products. |
| Answer» D. Customers must be careful not to rely too heavily on customer input when developing new products. | |
| 74. |
All of the following are major internal sources of new-product ideas, except which one? |
| A. | Picking the brains of company executives, scientists, engineers and salespeople is a good way to generate ideas. |
| B. | Intrapreneurial programs that encourage employees to think and develop new-product ideas is a good way to generate ideas. |
| C. | Some companies employ creative approaches, including both "method and madness" in helping them to generate new product ideas. |
| D. | Good ideas come from watching and listening to customers. |
| Answer» E. | |
| 75. |
All of the following statements are accurate descriptions of the simultaneous product development approach to new product development, except which one? |
| A. | The simultaneous product development approach is also known as collaborative product development. |
| B. | Company departments work closely together through cross-functional teams. |
| C. | Companies assemble a team of people from various departments that stay with the new product from start to finish. |
| D. | Companies often pass the new product from department to department in each stage of the process. |
| Answer» E. | |
| 76. |
All of the following are accurate descriptions of new-product development approaches used by companies in the commercialization phase of the process, except which one? |
| A. | New-product development teams in the simultaneous approach tend to stay with the new product from start to finish. |
| B. | In the simultaneous approach, top management gives the product development team general strategic direction but no clear-cut product idea or work plan. |
| C. | In order to get their new products to market more quickly, many companies are adopting a faster approach called sequential product development. |
| D. | The simultaneous team-based approach can be riskier and more costly than the slower, more orderly sequential approach. |
| Answer» D. The simultaneous team-based approach can be riskier and more costly than the slower, more orderly sequential approach. | |
| 77. |
All of the following are accurate descriptions of test marketing, except which one? |
| A. | Test marketing is the stage at which the product and marketing program are introduced into realistic market settings. |
| B. | Test marketing by consumer-packaged goods firms has been increasing in recent years. |
| C. | Test marketing costs can be high, and it takes time that may allow competitors to gain advantages. |
| D. | Companies often do not test market simple line extensions. |
| Answer» C. Test marketing costs can be high, and it takes time that may allow competitors to gain advantages. | |
| 78. |
All of the following are limitations of the simultaneous team-based approach to new-product development, except which one? |
| A. | Superfast product development can be riskier and more costly than the slower, more orderly sequential approach. |
| B. | This approach often creates increased organizational tension and confusion. |
| C. | The objective of this approach is to ensure that rushing a product to market doesn't adversely affect its quality. |
| D. | Top management gives the product development team a clear-cut product idea or work plan. |
| Answer» E. | |
| 79. |
_____ is the stage of new-product development in which the product and marketing program are tested in more realistic market settings. |
| A. | Business analysis |
| B. | Idea generation |
| C. | Test marketing |
| D. | Marketing strategy development |
| Answer» D. Marketing strategy development | |
| 80. |
Introducing a new product into the market is called _____. |
| A. | test marketing |
| B. | new product development |
| C. | experimenting |
| D. | commercialization |
| Answer» E. | |
| 81. |
All of the following statements accurately reflect the requisites of new-product success, except which one? |
| A. | Thinking of a few good ideas, turning them into products, and finding customers for them. |
| B. | A systematic approach for finding new ways to create value for target consumers, from generating and screening new-product ideas to creating and rolling out want-satisfying products to customers. |
| C. | New-product success requires a total-company commitment. |
| D. | At firms known for their new-product success, their culture does not encourage, support, and reward innovation. |
| Answer» E. | |
| 82. |
All of the following are accurate descriptions of activities performed in the idea screening stage of new product development, except which one? |
| A. | Idea screening helps spot good ideas and drop poor ones as soon as possible. |
| B. | Companies want to go ahead only with the product ideas that will turn into profitable products. |
| C. | Many companies require their executives to write up new product ideas on a standard form that can be reviewed by a new-product committee. |
| D. | Setting up a toll-free number or Web site for anyone who wants to send a new idea to the idea manager. |
| Answer» E. | |
| 83. |
_____ is a new-product development approach in which one company department works to complete its stage of the process before passing the new product along to the next department and stage. |
| A. | Team-based product development |
| B. | Simultaneous product development |
| C. | Sequential product development |
| D. | Product life-cycle analysis |
| Answer» D. Product life-cycle analysis | |
| 84. |
A company getting ready to launch a new product must make several decisions. However, the company must first decide on _____. |
| A. | whether to launch the product in a single location |
| B. | whether to launch the product in a region |
| C. | whether to launch the product into full national or international distribution |
| D. | timing of the new product introduction |
| Answer» E. | |
| 85. |
____ calls for testing new-product concepts with groups of target consumers. |
| A. | Concept development |
| B. | Concept testing |
| C. | Idea generation |
| D. | Idea screening |
| Answer» C. Idea generation | |
| 86. |
In order to get their new products to market more quickly, many companies are adopting a faster, team-oriented approach called _____. |
| A. | sequential product development |
| B. | simultaneous product development |
| C. | commercialization |
| D. | introduction timing |
| Answer» C. commercialization | |
| 87. |
____ 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 |
| Answer» E. | |
| 88. |
_____ 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 |
| Answer» E. | |
| 89. |
_____ 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 |
| Answer» B. Maturity | |
| 90. |
Which of the following is stage of Product Life Cycle? |
| A. | Introduction Stage |
| B. | Growth stage |
| C. | Decline stage |
| D. | All of the above |
| Answer» E. | |
| 91. |
_____ entails testing new-product concepts with a target group of consumers to find out if the concepts have strong consumer appeal. |
| A. | Concept development |
| B. | Concept testing |
| C. | Idea generation |
| D. | Idea screening |
| Answer» C. Idea generation | |
| 92. |
If a product concept passes the _____, it moves into _____. |
| A. | business analysis test; product development |
| B. | concept development stage; product development |
| C. | concept testing stage; product development |
| D. | idea generation stage; product development |
| Answer» B. concept development stage; product development | |
| 93. |
Once management has decided on a product concept and marketing strategy, it can next evaluate the _____ of the proposal. |
| A. | product idea portion |
| B. | product development part |
| C. | business attractiveness |
| D. | commercial viability |
| Answer» D. commercial viability | |
| 94. |
_____ involves a review of the sales, costs, and profit projections for a new product to find out whether they satisfy the company's objectives. |
| A. | Idea generation |
| B. | Idea screening |
| C. | Business analysis |
| D. | Concept development and testing |
| Answer» D. Concept development and testing | |
| 95. |
_____ is the systematic search for new-product ideas. |
| A. | Idea generation |
| B. | Idea screening |
| C. | Concept development and testing |
| D. | Marketing strategy development |
| Answer» B. Idea screening | |
| 96. |
Major sources of new product ideas include _____. |
| A. | internal sources, using company R&D |
| B. | creative approaches, using both "method and madness" approaches |
| C. | watching and listening to customers |
| D. | all of the above are sources of new product ideas |
| Answer» E. | |
| 97. |
____ is a period of market acceptance and increasing profits. |
| A. | Product development |
| B. | Maturity |
| C. | Growth |
| D. | Introduction |
| Answer» D. Introduction | |
| 98. |
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 |
| Answer» D. Assurance cost | |
| 99. |
Material Requirements Planning DOES NOT include _______. |
| A. | Material price |
| B. | Bill of material |
| C. | Inventory level |
| D. | Production schedule |
| Answer» B. Bill of material | |
| 100. |
In Total Productive Maintenance, Unplanned downtime Losses include; |
| A. | Equipment Breakdown |
| B. | Shift Changes |
| C. | Unplanned maintenance |
| D. | Options (A) & (C) |
| Answer» E. | |