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SAVE International Value Methodology Associate Sample Questions:

1. Which of the three levels of filters used for evaluating ideas during the Evaluation Phase applies an evaluation matrix technique?

A) Medium
B) Reasonable
C) Coarse
D) Fine

2. Y is pointing to the

A) Critical Logic Path
B) "AND" Gate
C) "OR" Gate
D) Minor Logic Path

3. Which type of value is the sum of labor, material, and other resources required to produce the subject?

A) Cost Value
B) Esteem Value
C) Use Value
D) Exchange Value

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

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

5. The Development Phase involves which of the following steps?

A) Prioritize ideas
B) Assign ideas to VM study team members
C) Determine verb-noun combinations for ideas
D) Model the cost of ideas

Solutions: