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SAVE International Value Methodology Associate Sample Questions:

1. Which of the following functions is a Subject Objective?

A) Function P
B) Function Q
C) Function R
D) Function O

2. Which phase enables the VM team to select viable ideas?

A) Function Analysis
B) Development
C) Presentation
D) Evaluation

3. In which phases of the VM Job Plan does the VM study team use convergent thinking?

A) Evaluation, Development, Presentation
B) Creativity, Evaluation, Development
C) Function Analysis, Creativity, Evaluation
D) Information, Function Analysis, Creativity

4. The Value Methodology is:

A) A suggestion program to improve value.
B) An eight-phase process to improve value.
C) A step-by-step design review to improve value.
D) A cost reduction exercise to improve value.

5. In which costing technique is the time value of money essential?

A) Break-even point
B) Simple Payback
C) Return on Investment
D) Life Cycle Cost

Solutions: