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SAVE International Value Methodology Associate Sample Questions:

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

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

2. Which of the following best describes a VM study?

A) A workshop that applies the VM facilitated by a CVS
B) An analysis of a completed project design by a VM team
C) An improvement process similar to Lean Six Sigma
D) A structured effort by a multidisciplinary team using the VM

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

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

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

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

5. What function must a pen or pencil perform?

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

Solutions: