Pass Your AACE International CCP Exam with Correct 115 Questions and Answers
Latest [Dec 22, 2021] 2021 Realistic Verified CCP Dumps
NEW QUESTION 64
In order to withdraw $400 at the end of each year for seven years, what amount should be deposited at 6.0% interest to leave nothing in the fund at the end of seven years?
- A. $3,357
- B. $2,968
- C. $2,233
- D. $2,483
Answer: C
NEW QUESTION 65
A schedule's late dates are calculated during the:
- A. Backward pass
- B. Forward pass
- C. Loop calculations
- D. Float
Answer: A
NEW QUESTION 66 
The 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.
Given a unit price contract between the owner and contractor, each assumes the following:
- A. Bid unit rate, owner quantities are within estimate range
- B. Contractor can perform at or below bid unit rate, owner quantities can exceed estimate range
- C. Contractor can perform at or below bid unit rate, owner quantities are within estimate range
- D. Bid unit rate, owner quantities can exceed estimate range Contractor can perform above
Answer: C
NEW QUESTION 67
What do you call a person authorized to represent another (the principal) in some capacity? He/she can only act within this capacity or "scope of authority" to bind the principal.
- A. Agent
- B. Project Manager
- C. Engineer
- D. Alternate
Answer: A
NEW QUESTION 68
______________can be defined as the determination of that course of action or combination of alternatives that yields either the lowest cost or the highest profit.
- A. Dynamic programming
- B. Linear programming
- C. Simulation
- D. Economic optimization
Answer: A
NEW QUESTION 69
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.
A contractor must purchase a piece of equipment for $150,000. It has an estimated life of 10 years with no salvage value at the end. Ten years from now it will be necessary to purchase another piece of equipment, but this time it will cost $250,000. How much will the contractor need to invest at the end of each year in order to have the right amount?
- A. $15,687
- B. $12,550
- C. $9,412
- D. $16,273
Answer: D
NEW QUESTION 70
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. $25,940
- B. $21,345
- C. $16,180
- D. $29,450
Answer: A
NEW QUESTION 71
A concrete slab measuring 10 feet wide by 13.5 feet long by 6 inches deep is to be installed. How many cubic yards of concrete will be required?
- A. 2.0 cubic yards
- B. 3.5 cubic yards
- C. 3.0 cubic yards
- D. 2.5 cubic yards
Answer: D
NEW QUESTION 72
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 73 
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 weighted average unit cost.
- A. $46.13
- B. $47.63
- C. $48.35
- D. $48.09
Answer: C
NEW QUESTION 74
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.
Which of the following should be included in the life-cycle cost analysis of a power plant?
- A. Capacity factor, end product units, physical dimensions
- B. Resources, work activities, final cost objects
- C. Factory expenses, distribution expenses, mark-up
- D. Construction cost, operating cost, maintenance cost
Answer: D
NEW QUESTION 75
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 76
Two of the most important things to know when planning a speech or lecture are the ______________and______________ of your audience.
- A. Political preference, sense of humor
- B. Motivation, professionalism
- C. Background, attitude
- D. Culture, understanding
Answer: D
NEW QUESTION 77
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.
According to Maslow's hierarchy of needs, which level should be satisfied first?
- A. Ego-status
- B. Physiological
- C. Self-actualization
- D. Safety needs
Answer: B
NEW QUESTION 78
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 79
NO: 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.
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?
- A. 45%
- B. 30%
- C. 50%
- D. 95%
Answer: A
NEW QUESTION 80 
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 were planned?
- A. 10,586
- B. 9,559
- C. 9,280
- D. 10,278
Answer: A
NEW QUESTION 81
What is a basic element of work or a task that must be performed over a given period of time in order to complete a project called?
- A. Resource
- B. WBS element
- C. Activity
- D. Commodity
Answer: C
NEW QUESTION 82
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