This page was exported from Latest Exam Prep [ http://certify.vceprep.com ] Export date:Sat Sep 21 11:36:17 2024 / +0000 GMT ___________________________________________________ Title: 100% Pass Your CCP Exam Dumps at First Attempt with VCEPrep [Q22-Q43] --------------------------------------------------- 100% Pass Your CCP Exam Dumps at First Attempt with VCEPrep Penetration testers simulate CCP exam PDF NEW QUESTION 22An 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.How many years will it take to earn $400 in interest on $800 at 4% compounded annually?  10 years  11 years  12 years  13 years NEW QUESTION 23A 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?  Belongingness needs  Primary needs  Self-actualization needs  Esteem needs NEW QUESTION 24The 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.What is the range of unit costs?  $21.57  $26.65  $48.22  $485.00 NEW QUESTION 25Money 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 assure 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 $20,000 is invested at the end of each fiscal year for the next 10 years, how much would our total investment be worth assuming the interest is at 10%?  $289,370  $318,740  $265,798  $420,236 NEW QUESTION 26The 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.10,278 hours have been expended to date. The CPI at this point in time is 0.93. SPI is1.03. How many hours were planned?  10,586  9,280  9,559  10,278 NEW QUESTION 27The purpose of a communication must be understood by ____________ if the message is to be clear to the  Workers; management  The speaker; the receiver  Management; workers  The receiver; the speaker NEW QUESTION 28A 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 class of estimate is used for the preliminary design phase of a project?  Class 5 – order of magnitude estimate with +50% / -30% accuracy  Class 1 – order of magnitude with +30% / -30% accuracy  Class 4 – budget estimate with +30% / -15% accuracy  Class 2 – definitive estimate with +15%/-5% accuracy NEW QUESTION 29NO: 37The 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.The entire pipe has been received, hangers have been installed, and all pipes are in place. None has been welded or flushed. What percent complete is this project?  45%  50%  95%  30% NEW QUESTION 30A 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.Which of the following is least likely to improve a large earthmoving contractor’s productivity?  Using apprentice operators to save labor costs  Starting summer work in the early morning hours to minimize work during peak heat periods of the day  Remove underground hazards prior to excavation work  Replacing old excavators with new, larger excavators NEW QUESTION 31An 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.What is the “book value (BV) of the asset at the end of 5 years?  $64,000  $16,000  $3,200  $60,000 NEW QUESTION 32The latest allowable end time minus the earliest allowable end time on a schedule activity is referred to as:  Total float  Remaining duration  Free float  Just-in-time scheduling NEW QUESTION 33The 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. What is the current cost performance index (CPI)?  0.96  0.84  1.14  0.88 NEW QUESTION 34An 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?  Modified Accelerated Cost Recovery System (MACRS)  The Federal IRS Reform Act (FIRSRA)  Generally Accepted Accounting Practices (GAAP)  Accelerated Cost Recovery System (ACRS) NEW QUESTION 35A 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.A cyclical process model was chosen as the basis for total cost management (TCM) because:  It is one of the basic tenets of quality improvement  Refinement is needed to prepare the estimate at completion (EAC)  Strategic assets and projects have inherent life cycles  It facilitates development of budgets and schedules NEW QUESTION 36The 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?  16,215  14,201  12,000  10,526 NEW QUESTION 37Budgeted cost of work scheduled is all of the following except:  Total costs incurred in accomplishing work in a given-time period  Baseline for performance measurement  Sum of the budgets for work scheduled  Includes portion of the budget for level-of-effort work NEW QUESTION 38The 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.6,573 hours have been expended to date. Planned completion at this time is 60%. The project is determined to be 55% complete. How many hours have been earned?  6,600  6,960  7,200  6,573 NEW QUESTION 39The following question requires your selection of CCC/CCE Scenario 28 (3.7.50.1.7) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.A reason for using a Construction Manager type agreement is:  To better coordinate contractors  Coordinate the owner and engineer as in Type A  To better coordinate subcontractors  To better coordinate contractors and subcontractors as in Type B NEW QUESTION 40Cost performance index (CPI) is defined by AACE International as: (assume no change in budgeted quantities)  ACWP/BCWS  BCWS/BCWP  ACWP/BCWP  BCWP/ACWP NEW QUESTION 41The 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.  $48.09  $48.22  $48.35  $46.59 NEW QUESTION 42Money 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 assure 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.Five years from now it is required the company have $100,000. How much money should be invested at the end of each year to reach this?  $15,937  $15,397  $16,380  $13,168 NEW QUESTION 43The 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.What is the range of estimated quantities?  $26.78 to $75.00  $485  $45 to $530  $48.22  Loading … The Certified Cost Professional (CCP) certification is a globally recognized designation awarded by the AACE International – a leading authority in the field of cost engineering and project management. The program assesses the skills, knowledge, and expertise of professionals working in the cost engineering and management domain. CCP certification is a symbol of excellence for individuals who have successfully demonstrated their proficiencies in various aspects of cost engineering, cost management, project control, and related fields.   All CCP Dumps and Training Courses: https://www.vceprep.com/CCP-latest-vce-prep.html --------------------------------------------------- Images: https://certify.vceprep.com/wp-content/plugins/watu/loading.gif https://certify.vceprep.com/wp-content/plugins/watu/loading.gif --------------------------------------------------- --------------------------------------------------- Post date: 2023-11-20 10:01:11 Post date GMT: 2023-11-20 10:01:11 Post modified date: 2023-11-20 10:01:11 Post modified date GMT: 2023-11-20 10:01:11