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SAVE International VMA Exam Syllabus Topics:

SAVE International Value Methodology Associate Sample Questions:

1. What is the term for the vertical demarcations on the left and right of a FAST diagram?

A) When Direction Lines
B) Subject Lines
C) Scope Lines
D) Function Logic Lines

2. Which is the correct order of steps involved in risk management?

A) Risk Identification, Risk Management Planning, Risk Analysis, Risk Response Planning, Risk Monitoring and Control
B) Risk Management Planning, Risk Identification, Risk Analysis, Risk Response Planning, Risk Monitoring and Control
C) Risk Management Planning, Risk Analysis, Risk Identification, Risk Response Planning, Risk Monitoring and Control
D) Risk Management Planning, Risk Identification, Risk Response Planning, Risk Analysis, Risk Monitoring and Control

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

4. Function E is the:

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

5. What is the correct order for the three levels of filters used for evaluating ideas during the Evaluation Phase?

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

Solutions: