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SAVE International Value Methodology Associate Sample Questions:

1. Which function is located to the left of the left vertical line in a FAST diagram?

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

2. Which of the following are tasks during the development of VM proposals? (Choose 3 answers)

A) Address technical feasibility
B) Assess time and schedule impacts
C) State the disposition of the proposal
D) Determine costs
E) Validate the proposal

3. Which of the following is a basic function of a bicycle?

A) Transport Mass
B) Move People
C) Provide Transportation
D) Transport Goods

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

5. All-the-time functions are:

A) Continuous
B) Undesirable
C) Outside the study scope
D) A drain on resources

Solutions: