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SAVE International VMA Exam Syllabus Topics:

SAVE International Value Methodology Associate Sample Questions:

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

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

2. "When" is represented by which of the following letters?

A) B
B) C
C) A
D) D

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

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

4. If an organization invests $160,000 in a new software system that improves analysis and reduces annual costs by $3,000 per year, the payback period would be approximately:

A) 56 years
B) 45 years
C) 53 years
D) 50 years

5. A Random Function Identification table contains:

A) Components, resources, and criteria
B) Inputs, objectives, and sequence
C) Elements, functions, and classifications
D) Costs, time, and risks

Solutions: