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SAVE International Value Methodology Associate Sample Questions:

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

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

2. The Development Phase involves which of the following steps?

A) Assign ideas to VM study team members
B) Determine verb-noun combinations for ideas
C) Prioritize ideas
D) Model the cost of ideas

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

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

4. Which of the following functions is a Subject Objective?

A) Function O
B) Function R
C) Function P
D) Function Q

5. Function E is the:

A) Basic Function
B) Secondary Function
C) Higher Order Function
D) Required Secondary Function

Solutions: