I feel like this is a stupid question. Many power supplies have an output on/off switch -- allowing you to set the voltage and current limit before actually outputting anything. How would these typically work? I can imagine 3 scenarios:
1) The output linear regulator is brought down to 0V. (Assuming a regulator that can go all the way to 0V)
2) A MOSFET on the output, but this seems like it would introduce a voltage drop.
3) A relay on the output, which will have the lowest voltage drop and work in all cases.
I'm thinking of building something similar to Dave's uSupply or something as a small 12V/1A bench supply.