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SAVE International VMA Exam Syllabus Topics:

SAVE International Value Methodology Associate Sample Questions:

1. What is the objective of the Creativity Phase?

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

2. Which of the three levels of filters used for evaluating ideas during the Evaluation Phase applies an evaluation matrix technique?

A) Medium
B) Fine
C) Coarse
D) Reasonable

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

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

4. Which of the following is most relevant to the Evaluation Phase?

A) Weighting
B) Return on Investment
C) Constraints
D) Cost Model

5. If an organization invests $160,000 in a new software system that improves analysis and reduces annual costs by $3,000 per year, the payback period would be approximately:

A) 53 years
B) 45 years
C) 56 years
D) 50 years

Solutions: