Originally Posted by
tatfiend
Getting back to the OP's question. Most reasonably recent department store bikes will probably have stamped steel brakes, and either Shimano's cheapest derailleurs or derailleur brands you have never heard of. Saddles may have a steel base pan. Also look at the frame welds as a lot look very bad. Rear dropouts will be stamped steel or aluminum. Cheap one piece cranksets may also be used. If aluminum 3 piece cranksets are used then look at the chain rings which may be not replaceable and are all steel.
Nice set of criteria
I might just add that lots of cheap bikes use adapter claw hangers instead of those integral to the dropout.