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SAVE International VMA Exam Syllabus Topics:

SAVE International Value Methodology Associate Sample Questions:

1. In which costing technique is the time value of money essential?

A) Simple Payback
B) Return on Investment
C) Life Cycle Cost
D) Break-even point

2. What is the objective of the Creativity Phase?

A) Develop improvement ideas
B) Select improvement ideas
C) Generate improvement ideas
D) Prioritize improvement ideas

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

4. In which phase does one work to obtain a thorough understanding of the subject of the VM study?

A) Evaluation Phase
B) Presentation Phase
C) Information Phase
D) Creativity Phase

5. An unwanted function of a hammer would be:

A) Deliver force
B) Transmit vibration
C) Apply force
D) Swing arm

Solutions: