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Exam Code: VMA
Exam Name: Value Methodology Associate
Updated: Sep 04, 2025
Q & A: 63 Questions and Answers
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1. In which phase is a large quantity of ideas or alternatives generated to accomplish the functions?
A) Function Analysis Phase
B) Creativity Phase
C) Evaluation Phase
D) Presentation Phase
2. Which of the following defines the nominal rate of increase in the value of money over time, after subtracting for inflation?
A) Present Worth (or Net Present Value)
B) Simple Payback (or Breakeven Point)
C) Discount Rate
D) Return on Investment (ROI)
3. Y is pointing to the
A) "AND" Gate
B) Minor Logic Path
C) Critical Logic Path
D) "OR" Gate
4. An unwanted function of a hammer would be:
A) Transmit vibration
B) Swing arm
C) Deliver force
D) Apply force
5. A Random Function Identification table contains:
A) Costs, time, and risks
B) Components, resources, and criteria
C) Elements, functions, and classifications
D) Inputs, objectives, and sequence
Solutions:
Question # 1 Answer: B | Question # 2 Answer: C | Question # 3 Answer: C | Question # 4 Answer: A | Question # 5 Answer: C |
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