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SAVE International VMA Exam Syllabus Topics:

SAVE International Value Methodology Associate Sample Questions:

Question 1

Which phase of the VM Job Plan is considered the heart of the Value Methodology?

A. Presentation
B. Creativity
C. Implementation
D. Function Analysis

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

Question 3

Which of the following is the risk response strategy for opportunities that seek to increase the probability of an opportunity occurring and/or the magnitude of results being beneficial?

A. Share
B. Enhance
C. Exploit
D. Mitigate

Question 4

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

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

Question 5

An unwanted function of a hammer would be:

A. Deliver force
B. Transmit vibration
C. Apply force
D. Swing arm

Solutions: