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SAVE International Value Methodology Associate Sample Questions:

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

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

2. A Random Function Identification table contains:

A) Inputs, objectives, and sequence
B) Components, resources, and criteria
C) Costs, time, and risks
D) Elements, functions, and classifications

3. In SWOT analysis:

A) Threats and strengths are harmful attributes.
B) Strengths and opportunities are internal attributes.
C) Strengths and weaknesses are helpful attributes.
D) Opportunities and threats are external attributes.

4. All-the-time functions are:

A) A drain on resources
B) Outside the study scope
C) Continuous
D) Undesirable

5. 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) Hypothesis, Observation, Experimentation, Conclusion
B) Hypothesis, Experimentation, Observation, Conclusion
C) Observation, Hypothesis, Experimentation, Conclusion
D) Observation, Experimentation, Hypothesis, Conclusion

Solutions: