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.
| 101. |
In order to install an idea management system, whereby all ideas are directed to a central point, a company can do any or all of the following: |
| A. | Appoint a respected senior person to be the firm's idea manager. |
| B. | Create a cross-functional idea management committee comprising of people form R&D, finance, engineering and operations to meet and evaluate new product ideas. |
| C. | Reward employees through formal recognition programs. |
| D. | All of the above are legitimate ways to systematically collect ideas. |
| Answer» E. | |
| 102. |
Value for Value Engineering analysis purposes is defined as ________. |
| A. | Purchase value |
| B. | Saleable value |
| C. | Depreciated value |
| D. | Function/Cost |
| Answer» E. | |
| 103. |
The purpose of _____ is to generate a large number of ideas. |
| A. | idea screening |
| B. | idea generation |
| C. | concept development and testing |
| D. | marketing strategy development |
| Answer» C. concept development and testing | |
| 104. |
Value analysis examines the ________. |
| A. | Design of every component |
| B. | Method of manufacturing |
| C. | Material used |
| D. | All of the above |
| Answer» E. | |
| 105. |
Designing an initial marketing strategy for a new product based on the _____ is called marketing strategy development. |
| A. | new product idea |
| B. | product concept |
| C. | test market results |
| D. | product prototype |
| Answer» C. test market results | |
| 106. |
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 |
| Answer» C. outputs decrease while inputs remain the same | |
| 107. |
Some companies have installed a(n) _____ that directs the flow of new ideas to a central point where they can be collected, reviewed, and evaluated. |
| A. | new-product development team |
| B. | idea management system |
| C. | computer system |
| D. | satellite system |
| Answer» C. computer system | |
| 108. |
Value analysis is normally applied to _____. |
| A. | New products |
| B. | Old products |
| C. | Future products |
| D. | Both (A) and (B) |
| Answer» C. Future products | |
| 109. |
In the _____ of new-product development, often products undergo rigorous tests to make sure that they perform safely and effectively or that consumers will find value in them. |
| A. | business analysis stage |
| B. | idea generation |
| C. | concept development and testing stage |
| D. | product development phase |
| Answer» E. | |
| 110. |
In the product concept stage of new-product development, the product is merely a _____. |
| A. | word description |
| B. | crude mock-up |
| C. | drawing |
| D. | all of the above |
| Answer» E. | |
| 111. |
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. |
| Answer» E. | |
| 112. |
The first idea reducing stage is _____ , which helps spot good ideas and drop poor ones as soon as possible. |
| A. | idea generation |
| B. | idea screening |
| C. | concept development and testing |
| D. | marketing strategy development |
| Answer» C. concept development and testing | |
| 113. |
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. |
| A. | idea generation |
| B. | concept development and testing |
| C. | product development |
| D. | marketing mix |
| E. | business analysis |
| Answer» D. marketing mix | |
| 114. |
The marketing strategy statement in new product development consists of three parts: _____, _____, and _____. |
| A. | idea generation; idea screening; concept development |
| B. | idea generation; concept development; concept testing |
| C. | idea generation; idea screening; idea management |
| D. | target market description; planned product positioning; sales, market share, and profit goals for the first few years. |
| Answer» E. | |
| 115. |
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. |
| A. | idea screening |
| B. | idea generation |
| C. | concept development |
| D. | idea dissemination |
| E. | product concept |
| Answer» B. idea generation | |
| 116. |
New-product development starts with _____. |
| A. | idea screening |
| B. | idea generation |
| C. | concept development and testing |
| D. | marketing strategy development |
| Answer» C. concept development and testing | |
| 117. |
In the ________ stage, the firm faces a trade-off between high market share and high current profit. |
| A. | commercialization |
| B. | introduction |
| C. | growth |
| D. | decline |
| E. | maturity |
| Answer» D. decline | |
| 118. |
Based on their field of application, manufactured goods can be classified as |
| A. | Primary, Secondary and Tertiary |
| B. | Consumer, Capital and Defense |
| C. | Essential, Market and Standard |
| D. | Primary, Luxury and Consumer |
| Answer» C. Essential, Market and Standard | |
| 119. |
The following aspect of product is concerned with the ease and efficiency of the product performance |
| A. | Functional aspect |
| B. | Operational aspect |
| C. | Durability aspect |
| D. | Aesthetic aspect |
| Answer» B. Operational aspect | |
| 120. |
The simplicity to operate and easy to understand of product is concerned with its following aspect |
| A. | Functional aspect |
| B. | Operational aspect |
| C. | Durability aspect |
| D. | Aesthetic aspect |
| Answer» B. Operational aspect | |
| 121. |
______ helps in establishing the interchangeability of products |
| A. | Standardization |
| B. | Simplification |
| C. | Diversification |
| D. | Specialization |
| Answer» B. Simplification | |
| 122. |
In which of the following type the manufacturing cost may go up |
| A. | Standardization |
| B. | Simplification |
| C. | Diversification |
| D. | All of the above |
| Answer» D. All of the above | |
| 123. |
Product ______ is the ultimate objective of variety reduction |
| A. | Simplification |
| B. | Standardization |
| C. | Specialization |
| D. | All of the above |
| Answer» D. All of the above | |
| 124. |
The following is the Durability aspect(s) of a product |
| A. | Efficiency of the product |
| B. | Easy to understand |
| C. | Ease with which a product can be maintained |
| D. | All of the above |
| Answer» D. All of the above | |
| 125. |
The following eases the process of stock control |
| A. | Standardization |
| B. | Simplification |
| C. | Both A and B |
| D. | None of the above |
| Answer» D. None of the above | |
| 126. |
_____ is the development of original products, product improvements, product modifications, and new brands through the firm s own R&D efforts. |
| A. | Idea generation |
| B. | Concept testing |
| C. | Test marketing |
| D. | New product developmen |
| Answer» E. | |
| 127. |
All of the following are accurate descriptions of reasons why new products fail, except which one? |
| A. | Although the market size was correctly estimated, the product idea itself was not good. |
| B. | The actual product was not designed as well as it should have been. |
| C. | The new product was priced too high. |
| D. | The new product was advertised poorly |
| Answer» B. The actual product was not designed as well as it should have been. | |
| 128. |
All of the following are different ways a firm can obtain new products, except which one? |
| A. | By acquiring a whole new company |
| B. | A firm can obtain a new product through patents |
| C. | A firm can obtain a new product by licensing someone else's new product |
| D. | A firm can obtain a new product by using the R&D department of other firms in the same industry. |
| Answer» E. | |