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CCP Certified Cost Professional (CCP) Exam Questions and Answers

Questions 4

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.

Cost engineers who feel completely satisfied and fulfilled by their work as part of a project team are said to have reached the ______________ stage of Maslow's hierarchy of needs.

Options:

A.

Need satisfaction

B.

Belonging needs

C.

Self-actualizations

D.

Esteem

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Questions 5

How can the quality of a cost/capacity factor estimate be improved?

Options:

A.

Validate the capacity factor from similar, recently completed projects

B.

Validate law productivity from recently completed projects

C.

Verify the labor rates used in the estimate

D.

Verify the equipment costs used in the estimate

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Questions 6

CCP Question 6

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.

If the owner in B has as his primary goal to get the project completed and on line as fast as possible, then he would most likely use the ______________type of contract.

Options:

A.

Cost plus

B.

Lump sum

C.

Unit Rate

D.

Lump sum + incentive

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Questions 7

CCP Question 7

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.

A reason for using a Construction Manager type agreement is:

Options:

A.

To better coordinate contractors

B.

Coordinate the owner and engineer as in Type A

C.

To better coordinate subcontractors

D.

To better coordinate contractors and subcontractors as in Type B

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Questions 8

CCP Question 8

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. What is the current schedule performance index (SPI)?

Options:

A.

0.96

B.

0.88

C.

0.84

D.

1.14

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Questions 9

The latest allowable end time minus the earliest allowable end time on a schedule activity is referred to as:

Options:

A.

Total float

B.

Remaining duration

C.

Free float

D.

Just-in-time scheduling

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Questions 10

You are reporting the following Earned Value Analysis information for the project:

EV= $1,500,000

AC=$1.000,000

PV= $2,000,000

What is the status of the project?

Options:

A.

Project is ahead of schedule, but over budget

B.

Project is behind schedule, but over budget

C.

Project is behind schedule, but under budget

D.

Project is ahead of schedule, but under budget

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Questions 11

A used concrete pumping truck can be purchased for $125,000. The operation costs are expected to be $65,000 the first year and increase 5% each year thereafter. As a result of the purchase, the company will see an increase in income of $100,000 the first year and 5% more each subsequent year. The company uses straight-line depreciation. The truck will have a useful life of five (5) years and no salvage value. Management would like to see a 10% return on any investment. The company's tax rate is 28%.

The value of the truck at the end of year five (5) would be:

Options:

A.

$0

B.

$14,265

C.

$25,000

D.

$23,366

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Questions 12

Which of the following is used for measuring productivity loss?

Options:

A.

Central limit theorem

B.

Value engineering

C.

Earned formula

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Questions 13

The purpose of a communication must be understood by ____________ if the message is to be clear to the

Options:

A.

Workers; management

B.

The speaker; the receiver

C.

Management; workers

D.

The receiver; the speaker

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Questions 14

Meetings require:

Options:

A.

Goals, an agenda, preparation, relevant discussions, support for your actions and to consider the total physical and human setting of the meeting

B.

Goals, an agenda, preparation, conclusions, control and conversations that are relevant

C.

Goals, an agenda, preparation, control, good listening skills and relevant discussions

D.

Goals, an agenda, flipchart, computer projector, laser pointer and consulting with others where appropriate

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Questions 15

Which of the following is a disadvantage to using target contract as a method of contracting?

Options:

A.

Encourages economic and speedy completion

B.

No opportunity to competitively bid the targets

C.

Almost immediate start on the work, even without scope definition

D.

Flexibility in controlling the work

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Questions 16

Which of the lol owing comparisons is commonly used in forensics schedule analysis (FSA)?

Options:

A.

Cost performance index (CPI) to schedule performance index (SPI)

B.

Forensic productivity analysis

C.

Earned value vs scheduled value

D.

As-planned vs as-built

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Questions 17

When the project plan is implemented:

Options:

A.

Activities are carefully monitored and controlled against the baseline

B.

The basis for payment applications is formalized

C.

The forward and backward pass is identified

D.

CPI and SPI can be calculated and reported

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Questions 18

A used concrete pumping truck can be purchased for $125,000. The operation costs are expected to be $65,000 the first year and increase 5% each year thereafter. As a result of the purchase, the company will see an increase in income of $100,000 the first year and 5% more each subsequent year. The company uses straight-line depreciation. The truck will have a useful life of five (5) years and no salvage value. Management would like to see a 10% return on any investment. The company's tax rate is 28%.

Is a rise in the price level of a good or service, or market basket of goods and/or services.

Options:

A.

escalation

B.

deflation

C.

incremental costs

D.

inflation

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Questions 19

Any combination of unique letters, numbers, or blanks, which describes and identifies any activity or task shown on the schedule, is:

Options:

A.

Activity ID

B.

WBS Code

C.

Resource

D.

Account number

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Questions 20

An American company plans to acquire a new press machine from a Dutch manufacturer under the following conditions. One question remaining to be answered is the expected amount of capital recovery when salvage is accounted for.

CCP Question 20

The equivalent value of an investment alternative in today's dollars is referred to as the:

Options:

A.

Break-even point

B.

Rate of return

C.

Net present worm

D.

Future value

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Questions 21

As the leas cost engineer for the XYZ Services Company, you have been requested to provide pertinent for an equipment rental decision. The unit price of the food stuffs varies, but an average unit selling process has been determined to be $0.50 cents and the average unit acquisition cost is $0.40 cents.

The following revenue and expense relationships are predicted:

CCP Question 21

How many units are required per month to break even?

Options:

A.

65,000 units

B.

60,000 units

C.

50,000 units

D.

40,000 units

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Questions 22

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:

Options:

A.

Leadership styles are just the opposite of the managerial grid model

B.

Successful leadership depends upon a good match

C.

between the style of the leader and the demands of the situation

D.

Successful leadership can always be imposed by experienced supervision

E.

A relationship oriented leader described the least preferred worker in an unfavorable light

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Questions 23

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?

Options:

A.

None

B.

$42,400

C.

$37,600

D.

$80,000

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Questions 24

An American company plans to acquire a new press machine from a Dutch manufacturer under the following conditions. One question remaining to be answered is the expected amount of capital recovery when salvage is accounted for.

CCP Question 24

The following question requires your selection of Scenario 1.4.15Q from the right side of your split screen. using the drop down menu, to reference during your response/choice of responses

What is the amount of capital recovery with salvage?

Options:

A.

$11,499.00

B.

$4,124.00

C.

$9,876.00

D.

$10,765.00

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Questions 25

CCP Question 25

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.

If steel costs $1800/ton at the end of Year 3, what is the price of steel at the end of Year 4?

Options:

A.

$1890/ton

B.

$1863/ton

C.

$1948/ton

D.

$1836/ton

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Questions 26

A small hole construction project has a baseline budget of $1,000,000. The project is scheduled to be constructed in 12 months. At the and of the first month, the project data is reported as below:

CCP Question 26

The following question requires your selection of Scenario 1.4.162 from the right side of your split screen, using the drop down menu, to reference during your response/choice of response.

The budgeted cost work performed is;

Options:

A.

$90,000

B.

$100,000

C.

$95,000

D.

$108,000

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Questions 27

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.

If $50 was invested at 6.0% on January 1, year 1, what would be the value of year-end withdrawals made in equal amounts each year for 10 years and leaving nothing in the fund after the tenth withdrawal?

Options:

A.

$6.80

B.

$3.10

C.

$5.35

D.

$2.22

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Questions 28

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 the company needs to repay a loan of $100,000 in 10 uniform annual payments, how much will each payment be?

Options:

A.

$16,380

B.

$16,578

C.

$15,937

D.

$16,273

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Questions 29

CCP Question 29

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?

Options:

A.

4.6%

B.

3.5%

C.

6.6%

D.

2.5%

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Questions 30

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%?

Options:

A.

$289,370

B.

$318,740

C.

$265,798

D.

$420,236

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Questions 31

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 Rensis1 4 model system, the exploitative-authoritative management style is one in which:

Options:

A.

Management makes most decisions and passes them down

B.

Informal organizations generally support the goals of the formal organization

C.

Management issues orders, but employees have some freedom to comment

D.

Management has a lot of confidence in the employees

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Questions 32

The four steps to writing are:

Options:

A.

Introduction, paragraph, conclusion, works cited

B.

Start, write, complete, revise

C.

Abstract, body conclusion, bibliography

D.

Plan, write, cool, revise

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Questions 33

CCP Question 33

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?

Options:

A.

10,586

B.

9,280

C.

9,559

D.

10,278

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Questions 34

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.

If you buy a lot for $3,000 and sell it for $6,000 at the end of 8 years, what is your annual rate of return?

Options:

A.

10.4%

B.

9.1%

C.

8.3%

D.

9.9%

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Questions 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.

What information is needed to develop a Class 2 definitive estimate?

Options:

A.

Soil data, detailed construction drawings, quantity takeoffs, minimum contingency detailed indirect costs, detailed engineering estimates

B.

Preliminary quantities with labor, material, and factors applied, square footage of facilities, minimum contingency detailed indirect costs

C.

Square footage of facilities, factored indirects and home office costs

D.

Vendor quotes, home office detailed estimate, preliminary quantities with labor, material, and factors applied

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Questions 36

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.

What is the "book value (BV) of the asset at the end of 5 years?

Options:

A.

$64,000

B.

$16,000

C.

$3,200

D.

$60,000

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Questions 37

When measuring progress using tasks that lack readily definable intermediate milestones and level of effort required is difficult to measure, the best methods to use is:

Options:

A.

Start/finish

B.

Weighted or equivalent units

C.

Incremental milestones

D.

Cost ratio

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Questions 38

An American company plans to acquire a new press machine from a Dutch manufacturer under the following conditions. One question remaining to be answered is the expected amount of capital recovery when salvage is accounted for.

CCP Question 38

The amount of interest paid during the fifth year of depreciation would be:

Options:

A.

$126.00

B.

$1,200.00

C.

$1,260.00

D.

$12,000.00

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Questions 39

Develop a CPM method considering the below tasks and logical relationships. Use this information to answer the related questions.

CCP Question 39

What is the late finish date of activity 50?

Options:

A.

Day 47

B.

Day 38

C.

Day 28

D.

Day 37

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Questions 40

As the leas cost engineer for the XYZ Services Company, you have been requested to provide pertinent for an equipment rental decision. The unit price of the food stuffs varies, but an average unit selling process has been determined to be $0.50 cents and the average unit acquisition cost is $0.40 cents.

The following revenue and expense relationships are predicted:

CCP Question 40

Marketing has determined that XY2 can safely increase their per unit selling price to SO.55. The new break even amount for sales (in units) based on the new contribution margin is:

Options:

A.

40,000 units

B.

6,000 units

C.

50,000 units

D.

60,000 units

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Questions 41

CCP Question 41

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.

What is the range of unit costs?

Options:

A.

$21.57

B.

$26.65

C.

$48.22

D.

$485.00

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Questions 42

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?

Options:

A.

Construction cost, operating cost, maintenance cost

B.

Factory expenses, distribution expenses, mark-up

C.

Capacity factor, end product units, physical dimensions

D.

Resources, work activities, final cost objects

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Questions 43

SCENARIO: A can manufacturing company requested you to provide data for their decision making The unit prices of the can varies but an average selling price of $0.55 cents and average cost of S45 cents is estimated.

The monthly fixed costs are:

Rant-$1,500

Wages - $4.000

Miscellaneous fixed expenses - $500

If the rent increases by 100% and the unit sales/other costs remain unchanged, the new break even amount is?

Options:

A.

$60,000

B.

$41,250

C.

$33,000

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Questions 44

The goal of listening is to:

Options:

A.

Analyze what the speaker is saying

B.

Find out what is going on

C.

Have time to formulate your thoughts on the subject

D.

Improve communication

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Questions 45

As the leas cost engineer for the XYZ Services Company, you have been requested to provide pertinent for an equipment rental decision. The unit price of the food stuffs varies, but an average unit selling process has been determined to be $0.50 cents and the average unit acquisition cost is $0.40 cents.

The following revenue and expense relationships are predicted:

CCP Question 45

It S480 is the target net profit, then the total sales volume (in dollars) is:

Options:

A.

$30,000

B.

$37,500

C.

$34,400

D.

$32,400

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Questions 46

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.

Which of the following is least likely to improve a large earthmoving contractor's productivity?

Options:

A.

Using apprentice operators to save labor costs

B.

Starting summer work in the early morning hours to minimize work during peak heat periods of the day

C.

Remove underground hazards prior to excavation work

D.

Replacing old excavators with new, larger excavators

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Questions 47

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.

Which statement best describes the type of information available for a design phase estimate?

Options:

A.

Home office detail, specific vendor quotes, preliminary quantities with labor and material factors applied

B.

Square footage of buildings, factored indirects, types of rides and exhibits identified, utility requirements, conceptual layouts

C.

Detailed construction drawings, quantity takeoffs, detailed labor hours and material costs applied, quotes from all major subcontractors

D.

Utility requirements, detailed building plans and (- specifications, types of rides and exhibits identified, all vendor quotes or estimates received from subcontractors

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Questions 48

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.

Why is a +/- notation necessary when developing an estimate?

Options:

A.

Contingency cushion

B.

It makes up for the lack of time to develop a real estimate

C.

It is a government requirement

D.

There are unknowns that affect the final cost of a project

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Questions 49

You have recently been appointed as the Cost Engineer to oversee process improvement projects for a Discrete Part Manufacturer. You have been asked to calculate the CPI on a project initiated to implement a Value Stream Mapping Initiative. The accountant is only able to provide you with BAC and EAC figures of $ 5000 and 57500 respectively. The CPI is:

unable to be calculated from the information given

Options:

A.

<1

B.

=1

C.

=1

D.

>1

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Questions 50

A contract clause that provides the owner with the right to terminate the contract irrespective of the general contractor's liability is:

Options:

A.

Termination of contract - convenience

B.

Termination of contract - default

C.

Substantial completion

D.

Breach of contract

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Questions 51

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 many years will it take to earn $400 in interest on $800 at 4% compounded annually?

Options:

A.

10 years

B.

11 years

C.

12 years

D.

13 years

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Questions 52

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.

Present worth calculations is represented by which of the following equations?

CCP Question 52

Options:

A.

Option A

B.

Option B

C.

Option C

D.

Option D

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Questions 53

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?

Options:

A.

WBS element

B.

Activity

C.

Resource

D.

Commodity

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Questions 54

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 mothed that has a compound amount factor and a present worth factor. There is the uniform annual series that has a sinking fund factor, capita1 recovery factor and also the compound amount factor and present worth factor. At this point, we can assume money is worth 10%.

Which of the following is not one of the requirements to form a contract?

Options:

A.

Consideration

B.

Competent parties

C.

Legality of purpose

D.

Agent

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Questions 55

Which of the following is NOT a part of the five (5) phases of value engineering?

Options:

A.

Cost reduction

B.

Functional analysis

C.

Creative

D.

Information gathering

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Questions 56

CCP Question 56

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.

Options:

A.

$46.13

B.

$47.63

C.

$48.35

D.

$48.09

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Exam Code: CCP
Exam Name: Certified Cost Professional (CCP) Exam
Last Update: Oct 15, 2025
Questions: 189

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