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SAVE International Value Methodology Associate Sample Questions:

1. Which phase enables the VM team to select viable ideas?

A) Evaluation
B) Function Analysis
C) Presentation
D) Development

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

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

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

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

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

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

5. 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) 56 years
C) 53 years
D) 50 years

Solutions: