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SAVE International Value Methodology Associate Sample Questions:

1. The Development Phase involves which of the following steps?

A) Prioritize ideas
B) Determine verb-noun combinations for ideas
C) Model the cost of ideas
D) Assign ideas to VM study team members

2. Functions on a FAST diagram's function logic path follow:

A) How-Why logic
B) And-Or logic
C) How-When logic
D) When-Why logic

3. Which of the following is the risk response strategy for opportunities that seek to increase the probability of an opportunity occurring and/or the magnitude of results being beneficial?

A) Mitigate
B) Enhance
C) Exploit
D) Share

4. Which of the following defines the nominal rate of increase in the value of money over time, after subtracting for inflation?

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

5. 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) Install screws, separate spaces, secure space
B) Connect spaces, construct frame, attract user
C) Restrict access, improve safety, transmit force
D) Rotate door, support load, grasp handle

Solutions: