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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) Break-even point
C) Simple Payback
D) Return on Investment
2. Within the scope of a residential door (including the door frame, hinges, lock set, and door handle), which of the following does not contain activities?
A) Rotate door, support load, grasp handle
B) Connect spaces, construct frame, attract user
C) Install screws, separate spaces, secure space
D) Restrict access, improve safety, transmit force
3. Which of the following best describes a VM study?
A) Is considered a business improvement best practice
B) Is undertaken after the design is completed
C) It is a structured effort using the VM process to improve value
D) Must be led by a Certified Value Specialist
4. What is the objective of the Creativity Phase?
A) Select improvement ideas
B) Generate improvement ideas
C) Develop improvement ideas
D) Prioritize improvement ideas
5. "When" is represented by which of the following letters?
A) B
B) C
C) D
D) A
Solutions:
Question # 1 Answer: A | Question # 2 Answer: D | Question # 3 Answer: C | Question # 4 Answer: B | Question # 5 Answer: D |