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SAVE International Value Methodology Associate Sample Questions:

1. The primary objective of the Information phase is to:

A) Obtain the voice of the customer
B) Transform information
C) Create a cost model
D) Understand the subject

2. What is a function of a teacup?

A) Allow drinking
B) Contain liquid
C) Contain tea
D) Provide container

3. Which of the following defines the effects of time, value, and money, converting all costs to a common reference point in today's dollars?

A) Return on Investment (ROI)
B) Simple Payback (or Breakeven Point)
C) Present Worth (or Net Present Value)
D) Discount Rate

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

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

5. Which function represents the specific goals or needs for which the subject scope exists?

A) Lower Order
B) Basic
C) Secondary
D) Higher Order

Solutions: