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

2. Which function is located to the left of the left vertical line in a FAST diagram?

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

3. Function E is the:

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

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

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

5. Which of the following are tasks during the development of VM proposals? (Choose 3 answers)

A) State the disposition of the proposal
B) Validate the proposal
C) Address technical feasibility
D) Assess time and schedule impacts
E) Determine costs

Solutions: