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SAVE International Value Methodology Associate Sample Questions:

1. What is a function of a teacup?

A) Contain liquid
B) Provide container
C) Contain tea
D) Allow drinking

2. The VM Job Plan provides a structured sequence of phases designed to leverage which of the following types of thinking?

A) Convergent and abstract
B) Critical and divergent
C) Divergent and abstract
D) Convergent and divergent

3. 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) Simple Payback (or Breakeven Point)
C) Present Worth (or Net Present Value)
D) Discount Rate

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

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

5. Which is the correct order of steps in establishing evaluation criteria?

A) Identify context, define criteria, determine importance, determine range/scale
B) Define criteria, identify context, determine importance, determine range/scale
C) Define criteria, identify context, determine range/scale, determine importance
D) Identify context, define criteria, determine range/scale, determine importance

Solutions: