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SAVE International Value Methodology Associate Sample Questions:

1. The unique aspect of the value methodology is its application to anything that:

A) is a subject of study.
B) performs a function.
C) is goal-oriented.
D) includes an activity.

2. In which phase is a large quantity of ideas or alternatives generated to accomplish the functions?

A) Presentation Phase
B) Evaluation Phase
C) Function Analysis Phase
D) Creativity Phase

3. The Value Methodology is:

A) An eight-phase process to improve value.
B) A step-by-step design review to improve value.
C) A cost reduction exercise to improve value.
D) A suggestion program to improve value.

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

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

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

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

Solutions: