100% Passing Guarantee - Brilliant CCP Exam Questions PDF [Nov-2021]
CCP Dumps 2021 - NewAACE International CCP Exam Questions
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.
A cyclical process model was chosen as the basis for total cost management (TCM) because:
- A. Refinement is needed to prepare the estimate at completion (EAC)
- B. It is one of the basic tenets of quality improvement
- C. It facilitates development of budgets and schedules
- D. Strategic assets and projects have inherent life cycles
Answer: D
NEW QUESTION 31
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.
Assuming a 53% tax rate, how much cumulative depreciation will have been claimed at the end of the grain elevator's life span?
- A. $37,600
- B. $80,000
- C. None
- D. $42,400
Answer: B
NEW QUESTION 32 
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. Steel
- B. None of the above
- C. Manufacturing labor
- D. Copper
Answer: C
NEW QUESTION 33
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 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%?
- A. $265,798
- B. $420,236
- C. $318,740
- D. $289,370
Answer: C
NEW QUESTION 34
A systematic coding structure for organizing and managing scope, assets, cost, resources, work and schedule activity information is a______________.
- A. Schedule identification number
- B. Cost breakdown structure
- C. Code of accounts
- D. Cost estimate classification
Answer: C
NEW QUESTION 35
A major theme park is expanding the existing facility over a five-year period. The design phase will be completed one year after the contract is awarded. Major engineering drawings will be finalized two years after the design contract is awarded and construction will begin three years after the award of the design contract. New, unique ride technology will be used and an estimate will need to be developed to identify these costs that have no historical data.
The following question requires your selection of CCC/CCE Scenario 26 (2.5.50.1.2) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
Select the statement that best describes the method to estimate the cost of the new rides:
- A. Use historical data from past projects
- B. Adjust known data from existing rides
- C. Call vendors for quotes
- D. Break down the technology into components
Answer: B
NEW QUESTION 36
An effort by a prime contractor to reduce the price quoted by a vendor, by providing the bid price to other vendors in an attempt to get the other vendors to underbid the original price quoted is referred to as:
- A. Costing
- B. Cost-price analysis
- C. Negotiating a best and final offer
- D. Bid shopping
Answer: D
NEW QUESTION 37
____________ is the application of total resources ($-workers-supports) and activity durations of the logic diagram.
- A. Forecasting
- B. Planning
- C. Modeling
- D. Scheduling
Answer: D
NEW QUESTION 38
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 higher or lower that the percentages stated
- B. To be exactly the percentages stated
- C. To be outside the percentages stated
- D. To fall within the percentage range stated
Answer: D
NEW QUESTION 39 
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, copper prices will have increased by what percentage over today's price?
- A. 2.5%
- B. 4.6%
- C. 3.5%
- D. 6.6%
Answer: A
NEW QUESTION 40
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. Modified Accelerated Cost Recovery System (MACRS)
- B. Accelerated Cost Recovery System (ACRS)
- C. Generally Accepted Accounting Practices (GAAP)
- D. The Federal IRS Reform Act (FIRSRA)
Answer: B
NEW QUESTION 41
If a project is said to be on a "fast track program/' the fast track method is:
- A. Analyzing the project and specifying the basic approach to be used in its execution; segmenting the project into reasonable number of activities; estimating the time required to perform each activity; placing the activities in time order, considering both sequential and parallel performance
- B. First completing engineering and procurement, then executing construction
- C. Simultaneous working engineering, procurement, and construction, with appropriate overlap from each phase of work so that delays are eliminated and all the work is streamlined into a correct plan of logic/sequence and duration for all of the work
- D. Revising the schedule logic to make it possible to identify constraints of faulty logic; revising the durations in the n p schedule that have been based on assumptions regarding the \hay the work would be performed; revise the resources to work multiple shifts; evaluate the use of overtime
Answer: C
NEW QUESTION 42 
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.
10,278 hours have been expended to date. The CPI at this point in time is 0.93. SPI is
1.03. How many hours have been earned?
- A. 9,559
- B. 11,052
- C. 9,979
- D. 10,586
Answer: A
NEW QUESTION 43
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.
How much money should be set aside today to have $20,000 available eight (8) years from now if the interest rate is 6% compounded annually?
- A. $31,875
- B. $12,550
- C. $13,515
- D. $29,600
Answer: B
NEW QUESTION 44
A contract clause that provides the owner with the right to terminate the contract irrespective of the general contractor's liability is:
- A. Termination of contract - convenience
- B. Termination of contract - default
- C. Breach of contract
- D. Substantial completion
Answer: A
NEW QUESTION 45
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.
Fred Fiedler's contingency model suggests that:
- A. A relationship oriented leader described the least preferred worker in an unfavorable light
- B. Leadership styles are just the opposite of the managerial grid model
- C. between the style of the leader and the demands of the situation
- D. Successful leadership depends upon a good match
- E. Successful leadership can always be imposed by experienced supervision
Answer: C
NEW QUESTION 46
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