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Exin MOVF Exam Sample Questions

Question: 3

Which is an MoV Principle?

  1. Understand and articulate value
  2. Process information
  3. Focus on functions and required outcomes
  4. Prioritize value

Answer: C

Question: 5

How is cost benefit analysis applied during an MoV Study?

  1. In Studies of process or procedure, it can be combined with many other tools, e.g. process-mapping and option selection
  2. It creates a focus on comparison of the benefits that MoV could deliver over the long term with the cost of a MoV Study
  3. It is used to establish discounted cash flow for Value Improving Proposals
  4. It is used to assess the Value Index

Answer: A

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Question: 4

Which statement about MoV is true?

  1. It supports decision-making based on minimizing value for money
  2. It encourages innovation outside of an organization’s goals
  3. It facilitates optimal balance between investment and long-term operating expenditure
  4. It removes resources from consideration when reviewing organizational needs

Answer: C

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Question: 2

Which method provides a good checklist for communication during an MoV study?

  1. Brainstorming
  2. Five Ws and an H
  3. Function Analysis
  4. Cost/Worth

Answer: B

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Question: 3

Which is an MoV Principle?

  1. Understand and articulate value
  2. Process information
  3. Focus on functions and required outcomes
  4. Prioritize value

Answer: C

Question: 5

How is cost benefit analysis applied during an MoV Study?

  1. In Studies of process or procedure, it can be combined with many other tools, e.g. process-mapping and option selection
  2. It creates a focus on comparison of the benefits that MoV could deliver over the long term with the cost of a MoV Study
  3. It is used to establish discounted cash flow for Value Improving Proposals
  4. It is used to assess the Value Index

Answer: A