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SAVE International Value Methodology Associate Sample Questions:

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

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

2. Which is the correct order of steps in establishing evaluation criteria?

A) Define criteria, identify context, determine importance, determine range/scale
B) Identify context, define criteria, determine importance, determine range/scale
C) Define criteria, identify context, determine range/scale, determine importance
D) Identify context, define criteria, determine range/scale, determine importance

3. Which function represents the specific goals or needs for which the subject scope exists?

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

4. Which of the following best defines an activity?

A) A task, action, or operation that describes why a function is performed
B) A specific task, action, or operation with a high level of abstraction
C) A task, action, or operation that describes how a function is performed
D) A specific task, action, or operation that is generic and changes viewpoints

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

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

Solutions: