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SAVE International VMA Exam Syllabus Topics:

SAVE International Value Methodology Associate Sample Questions:

1. Identify which are key data used to transform information for a product value study:

A) Customer requirements, overhead cost, competitive analysis, sample components, packaging requirements, warranty information
B) Flow diagrams, latest cost estimate, labor reports, drawings, site plan, regulatory requirements
C) Customer demographics, overhead cost, drawings, competitive analysis, sample components, labor reports
D) Design objectives, original cost estimate, drawings, specifications, resource models, customer demographics

2. What is the term for the vertical demarcations on the left and right of a FAST diagram?

A) Function Logic Lines
B) Scope Lines
C) When Direction Lines
D) Subject Lines

3. 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

4. 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) Simple Payback (or Breakeven Point)
C) Present Worth (or Net Present Value)
D) Return on Investment (ROI)

5. 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) Development, Presentation, Evaluation, and Implementation
D) Evaluation, Development, Implementation, and Presentation

Solutions: