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SAVE International Value Methodology Associate Sample Questions:

1. "When" is represented by which of the following letters?

A) A
B) D
C) C
D) B

2. What is the correct sequence of the last four phases of the Value Methodology Job Plan?

A) Evaluation, Development, Implementation, and Presentation
B) Evaluation, Development, Presentation, and Implementation
C) Development, Presentation, Evaluation, and Implementation
D) Development, Evaluation, Presentation, and Implementation

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

4. In which phase is a large quantity of ideas or alternatives generated to accomplish the functions?

A) Evaluation Phase
B) Presentation Phase
C) Creativity Phase
D) Function Analysis Phase

5. The unique aspect of the value methodology is its application to anything that:

A) is goal-oriented.
B) performs a function.
C) is a subject of study.
D) includes an activity.

Solutions: