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SAVE International Value Methodology Associate Sample Questions:

1. Which function is located to the left of the left vertical line in a FAST diagram?

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

2. Risks associated with a project, product, or process typically impact:

A) Schedule, cost, or performance
B) Cost, requirements, or results
C) Time, function, or attributes
D) Resources, regulations, or time

3. The original VM Job Plan was based on a problem-solving approach. Which is the correct order of the four steps comprising this approach?

A) Observation, Hypothesis, Experimentation, Conclusion
B) Observation, Experimentation, Hypothesis, Conclusion
C) Hypothesis, Observation, Experimentation, Conclusion
D) Hypothesis, Experimentation, Observation, Conclusion

4. What is a function of a teacup?

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

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

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

Solutions: