CCP Dumps PDF - CCP Real Exam Questions Answers [Q26-Q46]

CCP Dumps PDF - CCP Real Exam Questions Answers

Get Started: CCP Exam [2023] Dumps AACE International PDF Questions

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NEW QUESTION 26

The following question requires your selection of CCC/CCE Scenario 4 (2.7.50.1.1) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
At the end of Year 4, the commodity which experienced the greatest projected percentage price index increase over today is:

A. Manufacturing labor
B. Copper
C. None of the above
D. Steel

Answer: A

NEW QUESTION 27
A major theme park is expanding the existing facility over a five-year period. The design phase will be completed one year after the contract is awarded. Major engineering drawings will be finalized two years after the design contract is awarded and construction will begin three years after the award of the design contract. New, unique ride technology will be used and an estimate will need to be developed to identify these costs that have no historical data.
The following question requires your selection of CCC/CCE Scenario 26 (2.5.50.1.2) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
What information is needed to develop a Class 2 definitive estimate?

A. Preliminary quantities with labor, material, and factors applied, square footage of facilities, minimum contingency detailed indirect costs
B. Soil data, detailed construction drawings, quantity takeoffs, minimum contingency detailed indirect costs, detailed engineering estimates
C. Vendor quotes, home office detailed estimate, preliminary quantities with labor, material, and factors applied
D. Square footage of facilities, factored indirects and home office costs

Answer: B

NEW QUESTION 28
A major theme park is expanding the existing facility over a five-year period. The design phase will be completed one year after the contract is awarded. Major engineering drawings will be finalized two years after the design contract is awarded and construction will begin three years after the award of the design contract. New, unique ride technology will be used and an estimate will need to be developed to identify these costs that have no historical data.
The following is NOT an advantage of the critical path method:

A. The ability to show slippage in the progress of key activities
B. The ability to determine cost overruns of critical path activities
C. The ability to identify activities that cannot have their schedules slip if the desired project end date is to be achieved
D. Reveals activities that additional resources need to be dedicated toward

Answer: B

NEW QUESTION 29
A schedule's late dates are calculated during the:

A. Forward pass
B. Float
C. Loop calculations
D. Backward pass

Answer: D

NEW QUESTION 30
A major theme park is expanding the existing facility over a five-year period. The design phase will be completed one year after the contract is awarded. Major engineering drawings will be finalized two years after the design contract is awarded and construction will begin three years after the award of the design contract. New, unique ride technology will be used and an estimate will need to be developed to identify these costs that have no historical data.
Profits that could not be formally recognized during a specific financial accounting period because the goods and services did not satisfy all the customer's requirements are:

A. Marginal profits
B. Postponed profits
C. Incurred profits
D. Lost profits

Answer: B

NEW QUESTION 31
What is executed in connection with a contract and secures the performance and fulfillment of all the undertakings, covenants, terms, conditions and agreements contained in the contract?

A. Liability insurance
B. Surety bond
C. Bid bond
D. Performance bond

Answer: D

NEW QUESTION 32
An agricultural corporation that paid 53% in income tax wanted to build a grain elevator designed to last twenty-five (25) years at a cost of $80,000 with no salvage value. Annual income generated would be $22,500 and annual expenditures were to be $12,000.
Answer the question using a straight line depreciation and a 10% interest rate.
The following question requires your selection of CCC/CCE Scenario 17 (4.2.50.1.1) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
All of the following are included in "income tax" calculations except:

A. Annual expenditures
B. Initial cost of investment
C. Depreciation
D. Annual income

Answer: B

NEW QUESTION 33
A major theme park is expanding the existing facility over a five-year period. The design phase will be completed one year after the contract is awarded. Major engineering drawings will be finalized two years after the design contract is awarded and construction will begin three years after the award of the design contract. New, unique ride technology will be used and an estimate will need to be developed to identify these costs that have no historical data.
The following question requires your selection of CCC/CCE Scenario 26(2.5.50.1.2) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
Select the statement that best describes the meaning of the +/-notations associated with an estimate. The actual cost is expected:

A. To be exactly the percentages stated
B. To be higher or lower that the percentages stated
C. To be outside the percentages stated
D. To fall within the percentage range stated

Answer: D

NEW QUESTION 34
Which of the following is NOT a type of float?

A. Total
B. Negative
C. Free
D. Open end

Answer: D

NEW QUESTION 35
An agricultural corporation that paid 53% in income tax wanted to build a grain elevator designed to last twenty-five (25) years at a cost of $80,000 with no salvage value. Annual income generated would be $22,500 and annual expenditures were to be $12,000.
Answer the question using a straight line depreciation and a 10% interest rate.
The main financial objective of many enterprises is:

A. Subject to a well-conceived quality control plan
B. To maximize the total long-term economic return
C. To balance opportunities and risks
D. Dependent on the backlog projects and the availability of resources

Answer: B

NEW QUESTION 36

The following question requires your selection of CCC/CCE Scenario 4 (2.7.50.1.1) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
At the end of 30 months, the final price for the piece of equipment will be:

A. $378,750
B. $328,810
C. $370,710
D. $375,658

Answer: D

NEW QUESTION 37

The following question requires your selection of CCC/CCE Scenario 2 (2.3.50.1.2) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
9,375 hours have been expended to date. Planned completion at this time is 75%. The project is determined to be 66% complete. Based on current trends, how many hours will be expended at project completion?

A. 14,201
B. 10,526
C. 16,215
D. 12,000

Answer: B

NEW QUESTION 38
Money is value. Having money when you need it is very important. Money can also be valuable when used wisely by knowing when to spend and when to conserve. Also, planning now for future expenses can be a plus to the company rather than a debit.
There are several ways to capitalize money and spending. Basically there is the single payment method that has a compound amount factor and a present worth factor. There is the uniform annual series that has a sinking fund factor, capital recovery factor and also the compound amount factor and present worth factor. At this point, we can assume money is worth 10%.
The following question requires your selection of CCC/CCE Scenario 7 (4.8.50.1.1) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
If $10,000 is invested now at 10% compounded annually, what will the investments be worth 10 years from now?

A. $21,345
B. $29,450
C. $25,940
D. $16,180

Answer: C

NEW QUESTION 39

The following question requires your selection of CCC/CCE Scenario 6 (2.7.50.1.3) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
Calculate the mean unit cost.

A. $48.22
B. $48.09
C. $48.35
D. $46.59

Answer: D

NEW QUESTION 40
A major theme park is expanding the existing facility over a five-year period. The design phase will be completed one year after the contract is awarded. Major engineering drawings will be finalized two years after the design contract is awarded and construction will begin three years after the award of the design contract. New, unique ride technology will be used and an estimate will need to be developed to identify these costs that have no historical data.
The latest allowable end time minus the earliest allowable end time on a schedule activity is referred to as:

A. Free float
B. Activity total slack
C. Remaining duration
D. Just-in-time" scheduling

Answer: B

NEW QUESTION 41
A major theme park is expanding the existing facility over a five-year period. The design phase will be completed one year after the contract is awarded. Major engineering drawings will be finalized two years after the design contract is awarded and construction will begin three years after the award of the design contract. New, unique ride technology will be used and an estimate will need to be developed to identify these costs that have no historical data.
In an exit interview, an employee comments that the reason he is leaving the organization is lack of teamwork and cohesion among his co-workers. Which need of Maslow's hierarchy of needs is unmet?

A. Esteem needs
B. Self-actualization needs
C. Primary needs
D. Belongingness needs

Answer: D

NEW QUESTION 42
The goal of listening is to:

A. Find out what is going on
B. Have time to formulate your thoughts on the subject
C. Improve communication
D. Analyze what the speaker is saying

Answer: C

NEW QUESTION 43
____________ is the application of total resources ($-workers-supports) and activity durations of the logic diagram.

A. Planning
B. Forecasting
C. Scheduling
D. Modeling

Answer: C

NEW QUESTION 44
An agricultural corporation that paid 53% in income tax wanted to build a grain elevator designed to last twenty-five (25) years at a cost of $80,000 with no salvage value. Annual income generated would be $22,500 and annual expenditures were to be $12,000.
Answer the question using a straight line depreciation and a 10% interest rate.
The following question requires your selection of CCC/CCE Scenario 17 (4.2.50.1.1) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
Depreciation (in the United States) is calculated in accordance with which of the following?

A. Accelerated Cost Recovery System (ACRS)
B. Generally Accepted Accounting Practices (GAAP)
C. The Federal IRS Reform Act (FIRSRA)
D. Modified Accelerated Cost Recovery System (MACRS)

Answer: A

NEW QUESTION 45

The following question requires your selection of CCC/CCE Scenario 4 (2.7.50.1.1) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
At the end of Year 3, steel prices will have increased by what percentage over today's price? (round to 1 decimal)