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SAVE International Value Methodology Associate Sample Questions:

1. Which of the following is most relevant to the Evaluation Phase?

A) Return on Investment
B) Cost Model
C) Weighting
D) Constraints

2. In SWOT analysis:

A) Opportunities and threats are external attributes.
B) Strengths and opportunities are internal attributes.
C) Threats and strengths are harmful attributes.
D) Strengths and weaknesses are helpful attributes.

3. What is the correct order for the three levels of filters used for evaluating ideas during the Evaluation Phase?

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

4. Which type of value is the sum of labor, material, and other resources required to produce the subject?

A) Exchange Value
B) Cost Value
C) Esteem Value
D) Use Value

5. Which are the three main characteristics of the Value Methodology?

A) Multidisciplinary team, cost reduction, function improvement
B) Systematic process, multidisciplinary team, qualified VM facilitator
C) Systematic process, function analysis, CVS
D) Function Analysis, brainstorming, teamwork

Solutions: