Industrial Engineering and Production Management
The correct sequence of phases in value engineering is

Creative phase, information phase, investigation phase, evaluation phase
Information phase, creative phase, investigation phase, evaluation phase
Creative phase, investigation phase, evaluation phase, information phase
Investigation phase, information phase, creative phase, evaluation phase

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Industrial Engineering and Production Management
Value engineering aims at finding out the

Break-even point when machine requires change
Depreciation value of a product
Resale value of a product
Major function of the item and accomplishing the same at least cost without change in quality

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Industrial Engineering and Production Management
Under the Apprenticeship Act

Only industries employing more than 500 workers have to recruit apprentices
All industries employing more than 100 workers have to recruit apprentices
All industries have to necessarily train the apprentices
Industries have to train apprentices according to their requirement

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