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SAVE International Value Methodology Associate Sample Questions:

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

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

2. Y is pointing to the

A) "AND" Gate
B) Minor Logic Path
C) Critical Logic Path
D) "OR" Gate

3. One of the main purposes of the Miles Value Foundation is to:

A) Manage VM certification
B) Promote VM education
C) Improve VM programs
D) Conduct VM training

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

5. What is a function of a teacup?

A) Contain liquid
B) Allow drinking
C) Contain tea
D) Provide container

Solutions: