SAVE International : CVS Questions & Answers
Updated: Aug 02, 2026
No. of Questions: 149 Questions & Answers with Testing Engine
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SAVE International CVS Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Value Methodology Core Competencies | - VM Study Execution and Team Management - Value Concept
- Value Methodology Job Plan Application - Function Analysis - Advanced VM Practice (Leadership-level application) - Value Methodology Foundations
|
SAVE International Certified Value Specialist Sample Questions:
1. Which of the following are typically documented in the "accepted" VM proposal status report?
Choose 3 answers.
A) Performance impacts
B) Report number
C) Tracking identification number
D) VM study presentation
E) Next update
2. What does VOC stand for?
A) Voice of the customer
B) Value of concepts
C) Value of communications
D) Voice of the client
3. Which of the following are typically included in a VM study report?
Choose 3 answers.
A) Summary of the VM Job Plan
B) Workshop agenda and list of VM team members
C) List of all the ideas generated and their evaluation
D) Design plans and specifications
E) VM presentation developed during the Presentation Phase
4. Carpet and vinyl tile are acceptable alternatives for an owner to cover 1,000 square meters of floor.
Carpet
Installed cost, including pad = $30 / square meter
Service life = 10 years
Maintenance cost: vacuum weekly = $500 / month
Maintenance cost: shampoo once per year = $3,000 / shampoo
Vinyl
Installed cost, including pad = $10 / square meter
Service life = 15 years
Maintenance cost: vacuum weekly = $400 / month
Maintenance cost: strip and wax once per month = $1,000 / strip and wax Between carpet and vinyl, which is a better value option for the owner over the service life of the products?
A) Vinyl Tile $130,000
B) Carpet $120,000
C) Vinyl Tile $178,000
D) Carpet $138,000
5. 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) $480,000
B) $84,000
C) $500,000
D) $477,000
Solutions:
| Question # 1 Answer: A,C,E | Question # 2 Answer: A | Question # 3 Answer: A,B,C | Question # 4 Answer: B | Question # 5 Answer: A |
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