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SAVE International Value Methodology Associate Sample Questions:

1. The original VM Job Plan was based on a problem-solving approach. Which is the correct order of the four steps comprising this approach?

A) Observation, Hypothesis, Experimentation, Conclusion
B) Observation, Experimentation, Hypothesis, Conclusion
C) Hypothesis, Experimentation, Observation, Conclusion
D) Hypothesis, Observation, Experimentation, Conclusion

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

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

3. Function E is the:

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

4. In which phase does one work to obtain a thorough understanding of the subject of the VM study?

A) Evaluation Phase
B) Creativity Phase
C) Information Phase
D) Presentation Phase

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

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

Solutions: