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SAVE International VMA Exam Syllabus Topics:

SAVE International Value Methodology Associate Sample Questions:

1. Function E is the:

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

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

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

3. What is the objective of the Creativity Phase?

A) Generate improvement ideas
B) Prioritize improvement ideas
C) Select improvement ideas
D) Develop improvement ideas

4. Ground rules that support creative brainstorming include:

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

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

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

Solutions: