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Consider the following terms used to study the functions of the material:     

(1) Use value

(2) Esteem value

(3) Exchange value

(4) Scrap value

Which of these are used to identify in the value engineering approach?

(a) 1, 2, 3 and 4              (b) 1, 3 and 4 only

(c) 1, 2 and 3 only          (d) 2, 3 and 4 only

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