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SAVE International VMA Exam Syllabus Topics:

SAVE International Value Methodology Associate Sample Questions:

Question 1

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

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

Question 2

An effective Information Phase kickoff meeting:

A. Indicates the VM solutions desired by decision makers.
B. Outlines goals for the study subject and VM study objectives.
C. Discusses the challenges of the proposed VM study approach.
D. Describes how functions have normally been accomplished.

Question 3

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

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

Question 4

What is the correct sequence of the last four phases of the Value Methodology Job Plan?

A. Development, Evaluation, Presentation, and Implementation
B. Evaluation, Development, Presentation, and Implementation
C. Evaluation, Development, Implementation, and Presentation
D. Development, Presentation, Evaluation, and Implementation

Question 5

Which phase of the VM Job Plan is considered the heart of the Value Methodology?

A. Presentation
B. Creativity
C. Function Analysis
D. Implementation

Solutions: