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Sure Pass Exam MOVF PDF

Page: 4 / 4
Total 99 questions

Management of Value Foundation Questions and Answers

Question 13

Which statement regarding the Function Analysis Systems Technique is true?

Options:

A.

Functions should describe the features of a product rather than what it does

B.

A Primary Basic Function consists of one or more Higher Order Functions

C.

A Primary Basic Function consists of one or more Primary Supporting Functions

D.

Moving from the Higher Order Function to the Primary Basic Function answers the question "How do we do this?"

Question 14

How is cost benefit analysis applied during an MoV Study?

Options:

A.

In Studies of process or procedure, it can be combined with many other tools, e.g. process-mapping and option selection

B.

It creates a focus on comparison of the benefits that MoV could deliver over the long term with the cost of a MoV Study

C.

It is used to establish discounted cash flow for Value Improving Proposals

D.

It is used to assess the Value Index

Page: 4 / 4
Total 99 questions