Value Methodology Associate (VMA) Free Practice Test

Question 1

One of the main purposes of the Miles Value Foundation is to:

A. Improve VM programs

B. Conduct VM training

C. Manage VM certification

D. Promote VM education

Correct Answer: D

Explanation: Only visible for TestSimulate members. You can sign-up / login (it's free).

Question 2

Which of the following are tasks during the development of VM proposals? (Choose 3 answers)

A. Determine costs

B. State the disposition of the proposal

C. Assess time and schedule impacts

D. Address technical feasibility

E. Validate the proposal

Correct Answer: A,C,D

Explanation: Only visible for TestSimulate members. You can sign-up / login (it's free).

Question 3

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

A. Flow diagrams, latest cost estimate, labor reports, drawings, site plan, regulatory requirements

B. Customer demographics, overhead cost, drawings, competitive analysis, sample components, labor reports

C. Customer requirements, overhead cost, competitive analysis, sample components, packaging requirements, warranty information

D. Design objectives, original cost estimate, drawings, specifications, resource models, customer demographics

Correct Answer: D

Explanation: Only visible for TestSimulate members. You can sign-up / login (it's free).

Question 4

An unwanted function of a hammer would be:

A. Deliver force

B. Apply force

C. Transmit vibration

D. Swing arm

Correct Answer: C

Explanation: Only visible for TestSimulate members. You can sign-up / login (it's free).

Question 5

All-the-time functions are:

A. Continuous

B. A drain on resources

C. Outside the study scope

D. Undesirable

Correct Answer: A

Explanation: Only visible for TestSimulate members. You can sign-up / login (it's free).

Question 6

The Pareto Principle as applied in the Value Methodology means:

A. 80% of the whole includes 20% of the resources

B. 80% of functions represent 20% of components

C. 20% of elements represent 80% of the cost

D. 20% of risks impact 80% of elements

Correct Answer: C

Explanation: Only visible for TestSimulate members. You can sign-up / login (it's free).

Question 7

Which of the following are ground rules of the Creativity Phase? (Choose 3 answers)

A. Emphasize cost savings

B. Emphasize quality rather than quantity

C. Encourage "Free-Wheeling" of ideas

D. Apply the "Principle of Deferred Judgment"

E. Establish an ambitious goal for the number of ideas

Correct Answer: C,D,E

Explanation: Only visible for TestSimulate members. You can sign-up / login (it's free).

Welcome to TestSimulate

SAVE International Value Methodology Associate (VMA) Free Practice Test