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SAVE International Certified Value Specialist Sample Questions:

1. Subject information:
Service Life = 12 years
Fuel = $9.00 per liter
Annual kilometers driven = 40,000 kilometers
Car A: Paid $40,000 , needs batteries every two years at $600 , needs tires every two years at $1,000 , fuel efficiency = 10 kilometers per liter .
Car B: Paid $50,000 , needs tires every two years at $2,000 , fuel efficiency = 15 kilometers per liter .
Car C: Paid $60,000 , needs tires every two years at $4,000 , fuel efficiency = 20 kilometers per liter .
What is the total life cycle cost - initial, replacement costs, and annual costs - of Car A for the service life of the vehicle without considering the discount rate?

A) $84,000
B) $500,000
C) $477,000
D) $480,000

2. A FAST diagram is used to
Choose 3 answers.

A) Help identify missing functions.
B) Test the validity of functions under study.
C) Illustrate the relationship of functions to each other.
D) Identify the sequence of functions.
E) Identify required activities.

3. Match each Phase with its correct question:

4. A small group within the VM team is sitting silently and won't engage. What should the VM facilitator do?

A) Ignore potential threats to the group
B) Open discussions with the group
C) Ask the group to leave
D) Engage the other VM team members

5. A VM study team struggles to reach consensus while evaluating an idea during the Evaluation Phase. Which approaches should the VM facilitator use?
Choose 3 answers.

A) Have the team modify the title of the idea.
B) Ask for more information about the idea.
C) Remove the idea from further consideration.
D) Restart the evaluation process.
E) Ensure each team member has provided their input.

Solutions: