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SAVE International VMA Exam Syllabus Topics:

SAVE International Value Methodology Associate Sample Questions:

1. The Pareto Principle as applied in the Value Methodology means:

A) 80% of the whole includes 20% of the resources
B) 80% of functions represent 20% of components
C) 20% of elements represent 80% of the cost
D) 20% of risks impact 80% of elements

2. What function must a pen or pencil perform?

A) Mark surface
B) Write documents
C) Convey message
D) Color surface

3. "When" is represented by which of the following letters?

A) C
B) D
C) A
D) B

4. Which of the following defines the effects of time, value, and money, converting all costs to a common reference point in today's dollars?

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

5. The unique aspect of the value methodology is its application to anything that:

A) is goal-oriented.
B) performs a function.
C) includes an activity.
D) is a subject of study.

Solutions: