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

2. Y is pointing to the

A) Minor Logic Path
B) "AND" Gate
C) Critical Logic Path
D) "OR" Gate

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

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

4. Identify which are key data used to transform information for a product value study:

A) Customer requirements, overhead cost, competitive analysis, sample components, packaging requirements, warranty information
B) Customer demographics, overhead cost, drawings, competitive analysis, sample components, labor reports
C) Flow diagrams, latest cost estimate, labor reports, drawings, site plan, regulatory requirements
D) Design objectives, original cost estimate, drawings, specifications, resource models, customer demographics

5. Function E is the:

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

Solutions: