Which of the following statements is true of value engineering? ANSWER Unselected Value engineering is a systematic evaluation of all aspects of the value chain, with the objective of improving the quality of the product without increasing the cost of the product. Unselected Value engineering involves distinguishing value-added activities and costs from non-value-added activities and costs. Unselected Value engineering is the first step in implementing target costing. Unselected Value engineering cannot involve changes in materials specifications. Unselected I DON'T KNOW YET