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SAVE International Value Methodology Associate Sample Questions:

1. 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

2. Which of the following functions is a Subject Objective?

A) Function O
B) Function Q
C) Function R
D) Function P

3. Ground rules that support creative brainstorming include:

A) Focusing on quality ideas, discussing their merits, and maintaining momentum.
B) Encouraging openness to ideas, freewheeling, and recording good ideas.
C) Focusing on prioritized functions, deferring judgment, and improving ideas.
D) Requesting idea clarification, discussing cost impacts, and considering performance.

4. Function E is the:

A) Higher Order Function
B) Basic Function
C) Required Secondary Function
D) Secondary Function

5. An effective Information Phase kickoff meeting:

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

Solutions: