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SAVE International VMA Exam Syllabus Topics:

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. The original VM Job Plan was based on a problem-solving approach. Which is the correct order of the four steps comprising this approach?

A) Hypothesis, Experimentation, Observation, Conclusion
B) Hypothesis, Observation, Experimentation, Conclusion
C) Observation, Hypothesis, Experimentation, Conclusion
D) Observation, Experimentation, Hypothesis, Conclusion

3. Which is the correct order of steps involved in risk management?

A) Risk Management Planning, Risk Identification, Risk Response Planning, Risk Analysis, Risk Monitoring and Control
B) Risk Management Planning, Risk Analysis, Risk Identification, Risk Response Planning, Risk Monitoring and Control
C) Risk Identification, Risk Management Planning, Risk Analysis, Risk Response Planning, Risk Monitoring and Control
D) Risk Management Planning, Risk Identification, Risk Analysis, Risk Response Planning, Risk Monitoring and Control

4. 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

5. Which type of value is the sum of labor, material, and other resources required to produce the subject?

A) Exchange Value
B) Esteem Value
C) Cost Value
D) Use Value

Solutions: