SAVE International Value Methodology Associate : VMA

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SAVE International Value Methodology Associate Sample Questions:

1. Which of the following techniques involves capturing input from multiple customers and stakeholders at the same time?

A) Surveys
B) Questionnaires
C) Focus panels
D) Interviews

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

3. The VM is defined by SAVE International as a:

A) Specialized process
B) Sequential process
C) Systematic process
D) Structured process

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

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

5. Which of the following defines the nominal rate of increase in the value of money over time, after subtracting for inflation?

A) Discount Rate
B) Present Worth (or Net Present Value)
C) Simple Payback (or Breakeven Point)
D) Return on Investment (ROI)

Solutions: