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SAVE International VMA Exam Syllabus Topics:

SAVE International Value Methodology Associate Sample Questions:

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

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

2. 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

3. An effective Information Phase kickoff meeting:

A) Outlines goals for the study subject and VM study objectives.
B) Indicates the VM solutions desired by decision makers.
C) Describes how functions have normally been accomplished.
D) Discusses the challenges of the proposed VM study approach.

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

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

5. Which of the following is a basic function of a bicycle?

A) Transport Goods
B) Move People
C) Transport Mass
D) Provide Transportation

Solutions: