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SAVE International Value Methodology Associate Sample Questions:

1. In SWOT analysis:

A) Strengths and weaknesses are helpful attributes.
B) Strengths and opportunities are internal attributes.
C) Opportunities and threats are external attributes.
D) Threats and strengths are harmful attributes.

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

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

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

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

4. Y is pointing to the

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

5. All-the-time functions are:

A) Undesirable
B) Outside the study scope
C) A drain on resources
D) Continuous

Solutions: