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SAVE International Value Methodology Associate Sample Questions:

1. Which of the following letters represents the scope lines?

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


2. 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) 45 years
B) 50 years
C) 53 years
D) 56 years


3. In which costing technique is the time value of money essential?

A) Life Cycle Cost
B) Simple Payback
C) Return on Investment
D) Break-even point


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


5. In which phases of the VM Job Plan does the VM study team use convergent thinking?

A) Information, Function Analysis, Creativity
B) Function Analysis, Creativity, Evaluation
C) Creativity, Evaluation, Development
D) Evaluation, Development, Presentation


Solutions:

Question # 1
Answer: D
Question # 2
Answer: C
Question # 3
Answer: A
Question # 4
Answer: B
Question # 5
Answer: D

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