Pass4sure.CCE-CCC.

73 questions

Number: CCE-CCC
Passing Score: 800
Time Limit: 120 min
File Version: 5.9

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CCE-CCC

Certified Cost Consultant (CCC)/Certified Cost Engineer (CCE)

I only used these questions and got 900 marks with this. Perfect Show.
Created Questions into Sections, now we can learn by Sections with this help.
This is the best VCE I ever made. Try guys and if any suggestion please update this.
I have changed answers of Q2, Q11, Q31, Q44, Q59 and Q87.
These are the most accurate study questions. Just focus on these and sit in your exam.

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Exam A

QUESTION 1

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 A has a primary goal of completion within budget, the following contract types with the engineer/contractor would be best:

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A. Engineer -- cost plus, contractor fixed price
B. Engineer -- cost plus, contractor cost plus
C. Engineer fixed price, contactor cost plus
D. Engineer -- fixed price, contractor fixed price

Correct Answer: D
Section: (none)
Explanation

Explanation/Reference:
definite answer.

QUESTION 2
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. To maximize the total long-term economic return

B. Subject to a well-conceived quality control plan
C. To balance opportunities and risks
D. Dependent on the backlog projects and the availability of resources

Correct Answer: A
Section: (none)
Explanation

Explanation/Reference:
Explanation:

QUESTION 3
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?

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A. $6.80
B. $3.10
C. $5.35
D. $2.22

Correct Answer: A
Section: (none)
Explanation

Explanation/Reference:
Explanation:

QUESTION 4
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?

A. 10 years
B. 11 years
C. 12 years
D. 13 years

Correct Answer: A
Section: (none)
Explanation

Explanation/Reference:
Explanation:

QUESTION 5
The latest allowable end time minus the earliest allowable end time on a schedule activity is referred to
as:

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 http://www.gratisexam.com/

A. Total float
B. Remaining duration
C. Free float
D. Just-in-time scheduling

Correct Answer: A
Section: (none)
Explanation

Explanation/Reference:
Explanation:

QUESTION 6
Which of the following best describes the concept of total cost management:

A. A method of quantifying construction damages where the total job costs are subtracted from the original bid or estimate to determine the total cost amount for a
claim
B. The practices and processes utilized to manage the total life cycle cost investment in a portfolio of strategic assets
C. A job cost system for ensuring all aspects of a particular manufacturing process are accumulated completely
D. An integrating process that maps the fields of practice of cost engineering without linking it to project management, resource management, or accounting

Correct Answer: D
Section: (none)
Explanation

Explanation/Reference:
definite answer.

QUESTION 7
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

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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.

You are reporting on a roadway project, which was estimated to be 10 miles of road. It was scheduled to be completed in 16 weeks, which is this week. According
to your calculations, the project has a schedule performance index of 0.80. What would you advise the management about the scheduled completion date?

A. Project will be completed in 20 more weeks

B. Project will be completed this week - on schedule
C. Project will be completed in 4 more weeks
D. Project will be completed in 12.8 more weeks

Correct Answer: C
Section: (none)
Explanation

Explanation/Reference:
Explanation:

QUESTION 8

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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.

In the A relationship, the subcontractor might use an unbalance bid to:

A. To get more payment early in the job

B. Decrease the chances of extended claim litigation

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C. Reduce the risk of quantities being greater than estimated
D. Provides an alternative to competitive bidding

Correct Answer: C
Section: (none)
Explanation

Explanation/Reference:
Explanation:

QUESTION 9

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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.
An unbalanced bid methodology can best be used by:

A. Engineer/contractor working for the owner (Plan B)

B. Subcontractor working for contractor (Plan A or B)
C. Contractor working directly for engineer (plan A or B)

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D. Engineer working for the owner (Plan A)

Correct Answer: A
Section: (none)
Explanation

Explanation/Reference:
answer is verified.

QUESTION 10

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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:

A. To better coordinate contractors

B. Coordinate the owner and engineer as in Type A
C. To better coordinate subcontractors

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D. To better coordinate contractors and subcontractors as in Type B

Correct Answer: B
Section: (none)
Explanation

Explanation/Reference:
Explanation:

QUESTION 11
____________ is defined as covering work whose component activities are less defined and whose interrelationships are conditional.

A. Soft logic
B. Hard logic
C. Deductive logic
D. Inductive logic

Correct Answer: A
Section: (none)
Explanation

Explanation/Reference:
right answer.

QUESTION 12
A work breakdown structure (WBS) is developed because:

A. It avoids omissions of key product activities through a systematic planning process; removes the complexity of the project by dividing it into manageable units;
and provides a framework.
B. It defines specific tasks within a project from which schedules can be developed; it aids in linking activities with resources; it facilitates communication; and it
allows integration of project plans
C. It can be illustrated by individual bars for major phases, such as permitting, funding, engineering, procurement construction, commission/startup
D. It can be illustrated by a simple bar, with important milestones represented by symbols at the planned time of occurrence

Correct Answer: B
Section: (none)
Explanation

Explanation/Reference:

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Explanation:

QUESTION 13
Any combination of unique letters, numbers, or blanks, which describes and identifies any activity or task shown on the schedule, is:

A. Activity ID
B. WBS Code
C. Resource
D. Account number

Correct Answer: A
Section: (none)
Explanation

Explanation/Reference:
Explanation:

QUESTION 14
A bond that guarantees the bidder will enter into a contract on the basis of his/her bid is referred to as:

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

Correct Answer: C
Section: (none)
Explanation

Explanation/Reference:
Explanation:

QUESTION 15
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. Performance bond
C. Bid bond

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D. Surety bond

Correct Answer: B
Section: (none)
Explanation

Explanation/Reference:
Explanation:

QUESTION 16
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. WBS element
B. Activity
C. Resource
D. Commodity

Correct Answer: B
Section: (none)
Explanation

Explanation/Reference:
Explanation:

QUESTION 17
A systematic coding structure for organizing and managing scope, assets, cost, resources, work and schedule activity information is a______________.

A. Cost breakdown structure

B. Code of accounts
C. Cost estimate classification
D. Schedule identification number

Correct Answer: B
Section: (none)
Explanation

Explanation/Reference:
Explanation:

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QUESTION 18
The goal of listening is to:

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

Correct Answer: D
Section: (none)
Explanation

Explanation/Reference:
Explanation:

QUESTION 19
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. $289,370
B. $318,740
C. $265,798
D. $420,236

Correct Answer: B
Section: (none)
Explanation

Explanation/Reference:
Explanation:

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QUESTION 20
If you deposit $100 per month for two (2) years and earn interest at 12% APR (Annual Percentage Rate) compounded monthly, how much will you have at the end
of the period?

A. $2,424
B. $2,976
C. $2,688
D. $2,697

Correct Answer: A
Section: (none)
Explanation

Explanation/Reference:
Explanation:

QUESTION 21
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 recognition of loss of value of a natural resource used in the production process is referred to as:

A. Capital reduction
B. Net loss
C. Depreciation
D. Depletion

Correct Answer: D
Section: (none)
Explanation

Explanation/Reference:
Explanation:

QUESTION 22
Cost performance index (CPI) is defined by AACE International as: (assume no change in budgeted quantities)

A. ACWP/BCWS

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B. BCWS/BCWP
C. ACWP/BCWP
D. BCWP/ACWP

Correct Answer: D
Section: (none)
Explanation

Explanation/Reference:
Explanation:

QUESTION 23
______________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. Economic optimization
B. Simulation
C. Linear programming
D. Dynamic programming

Correct Answer: D
Section: (none)
Explanation

Explanation/Reference:
Explanation:

QUESTION 24
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 determine cost overruns of critical path activities

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

Correct Answer: A

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Section: (none)
Explanation

Explanation/Reference:
Explanation:

QUESTION 25
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. Bid shopping
D. Negotiating a best and final offer

Correct Answer: C
Section: (none)
Explanation

Explanation/Reference:
Explanation:

QUESTION 26
Two of the most important things to know when planning a speech or lecture are the ______________and______________ of your audience.

A. Motivation, professionalism
B. Background, attitude
C. Political preference, sense of humor
D. Culture, understanding

Correct Answer: D
Section: (none)
Explanation

Explanation/Reference:
Explanation:

QUESTION 27

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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 estimated quantities?

A. $26.78 to $75.00
B. $485
C. $45 to $530
D. $48.22

Correct Answer: C
Section: (none)
Explanation

Explanation/Reference:
Explanation:

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.

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

Correct Answer: B
Section: (none)
Explanation

Explanation/Reference:
Explanation:

QUESTION 29
Some of the principles of good communication are:

A. Seek to clarify your ideas before communicating; examine the true purpose of each communication; consider the total physical and human setting whenever
you communicate; be mindful, while you communicate, of the overtones as well as the basic content of the message
B. Tell the other person what to do; give insincere praise; psychoanalyze the other person; make light of a serious problem; do not gain the trust of anyone; always
have a hidden agenda
C. Use short words; avoid jargon; avoid acronyms and abbreviations; use complete sentences; have a beginning, middle and end; be accurate; be interested in
what topic is being communicated
D. The social process by which people in a specific situation construct meaning using symbolic behavior

Correct Answer: C
Section: (none)
Explanation

Explanation/Reference:
Explanation:

QUESTION 30
In a fixed price contract the:

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A. Contractor has no risk in the project
B. Contactor assumes all the performance risk
C. Contractor is paid for actual costs
D. Owner has all the risk

Correct Answer: B
Section: (none)
Explanation

Explanation/Reference:
well define answer.

QUESTION 31
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. Engineer
B. Alternate
C. Project Manager
D. Agent

Correct Answer: D
Section: (none)
Explanation

Explanation/Reference:
Explanation:

QUESTION 32
Budgeted cost of work scheduled is all of the following except:

A. Total costs incurred in accomplishing work in a given-time period

B. Baseline for performance measurement
C. Sum of the budgets for work scheduled
D. Includes portion of the budget for level-of-effort work

Correct Answer: D

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Section: (none)
Explanation

Explanation/Reference:
Explanation:

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.

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)?

A. 0.96
B. 0.88
C. 0.84
D. 1.14

Correct Answer: D
Section: (none)
Explanation

Explanation/Reference:
reliable answer.

QUESTION 34

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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. 9,979
B. 10,586
C. 11,052
D. 9,559

Correct Answer: D
Section: (none)
Explanation

Explanation/Reference:
Explanation:

QUESTION 35

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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.

What is the cost index value of copper at the end of Year 2? (rounded to 2 decimal positions)

A. 4.62
B. 4.24
C. 4.10
D. 4.31

Correct Answer: D
Section: (none)
Explanation

Explanation/Reference:

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actual answer.

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, copper prices will have increased by what percentage over today's price?

A. 4.6%
B. 3.5%
C. 6.6%
D. 2.5%

Correct Answer: D
Section: (none)

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Explanation

Explanation/Reference:
Explanation:

QUESTION 37
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.

A. Need satisfaction
B. Belonging needs
C. Self-actualizations
D. Esteem

Correct Answer: C
Section: (none)
Explanation

Explanation/Reference:
Explanation:

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.

According to Maslow's hierarchy of needs, which level should be satisfied first?

A. Physiological
B. Self-actualization
C. Safety needs
D. Ego-status

Correct Answer: A
Section: (none)
Explanation

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Explanation/Reference:
Explanation:

QUESTION 39
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:

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

Correct Answer: A
Section: (none)
Explanation

Explanation/Reference:
Explanation:

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.

When analyzing a precedence diagram schedule, the "backward pass"

A. Allows total float to be calculated

B. Determines the duration of each activity
C. Calculates the earliest allowable start and finish times for the activities in the schedule
D. Allows activities to finish as soon as all their 'predecessor' relationships are satisfied

Correct Answer: C
Section: (none)
Explanation

Explanation/Reference:

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Explanation:

QUESTION 41
The purpose of a communication must be understood by ____________ if the message is to be clear to the

A. Workers; management
B. The speaker; the receiver
C. Management; workers
D. The receiver; the speaker

Correct Answer: C
Section: (none)
Explanation

Explanation/Reference:
Explanation:

QUESTION 42

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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.

What is the cost of manufacturing labor for the piece of equipment today?

A. $140,000
B. $875,000
C. $210,000
D. $105,000

Correct Answer: A
Section: (none)
Explanation

Explanation/Reference:

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Explanation:

QUESTION 43

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?

A. $1890/ton
B. $1863/ton
C. $1948/ton
D. $1836/ton

Correct Answer: D
Section: (none)

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Explanation

Explanation/Reference:
Explanation:

QUESTION 44
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 percent complete measurement techniques is best suited for long-term non- production accounts (such as overhead accounts)?

A. Ratio/level of effort
B. Start/finish
C. Units completed
D. Incremental milestone

Correct Answer: D
Section: (none)
Explanation

Explanation/Reference:
Explanation:

QUESTION 45
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 $100,000 is needed to purchase a piece of equipment 3 years from now, how much money needs to be invested today assuming a 10% rate of return (rounded
to the nearest thousand)?

A. $78,000
B. $70,000
C. $75,000
D. $82,000

Correct Answer: C
Section: (none)

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Explanation

Explanation/Reference:
Explanation:

QUESTION 46
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. $29,450
C. $21,345
D. $16,180

Correct Answer: A
Section: (none)
Explanation

Explanation/Reference:
choice of answer is correct.

QUESTION 47

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

Correct Answer: D
Section: (none)
Explanation

Explanation/Reference:
Explanation:

QUESTION 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.

A cyclical process model was chosen as the basis for total cost management (TCM) because:

A. It is one of the basic tenets of quality improvement

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B. Refinement is needed to prepare the estimate at completion (EAC)
C. Strategic assets and projects have inherent life cycles
D. It facilitates development of budgets and schedules

Correct Answer: C
Section: (none)
Explanation

Explanation/Reference:
Explanation:

QUESTION 49

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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.

A. Cost plus

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B. Lump sum
C. Unit Rate
D. Lump sum + incentive

Correct Answer: D
Section: (none)
Explanation

Explanation/Reference:
Explanation:

QUESTION 50
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?

A. 10.4%
B. 9.1%
C. 8.3%
D. 9.9%

Correct Answer: B
Section: (none)
Explanation

Explanation/Reference:
reliable answer.

QUESTION 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.

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Which of the following interest rates disregards the effects of compounding periods that occur more frequent than annually?

A. Continuous compounding rate

B. Simple interest rate
C. Minimum attractive rate of return
D. Nominal interest rate

Correct Answer: D
Section: (none)
Explanation

Explanation/Reference:
Explanation:

QUESTION 52
Which of the following is NOT an aspect of quality management?

A. Quality assurance
B. Quality planning
C. Quality checking
D. Quality control

Correct Answer: C
Section: (none)
Explanation

Explanation/Reference:
correct answer.

QUESTION 53
____________is defined as the earned work hours or dollars for all accounts divided by the budgeted work hours or dollars for all accounts.

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A. Percent complete
B. Cost to complete
C. Earned value
D. Forecast

Correct Answer: A
Section: (none)
Explanation

Explanation/Reference:
Explanation:

QUESTION 54

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. 9,280
C. 9,559
D. 10,278

Correct Answer: A

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Section: (none)
Explanation

Explanation/Reference:
Explanation:

QUESTION 55

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?

A. $21.57
B. $26.65
C. $48.22

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D. $485.00

Correct Answer: D
Section: (none)
Explanation

Explanation/Reference:
Explanation:

QUESTION 56
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.

After an individual's safety needs are met, what needs would the individual be motivated to fulfill next in Maslow's hierarchy of needs?

A. Belonging needs
B. Self-actualization
C. Knowledge
D. Pay and compensation

Correct Answer: A
Section: (none)
Explanation

Explanation/Reference:
Explanation:

QUESTION 57
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. 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

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

Correct Answer: C
Section: (none)
Explanation

Explanation/Reference:
reliable answer.

QUESTION 58
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.

Resource planning must take all of the following into account except:

A. Types of materials, equipment and labor skills required to complete the project
B. Cash flow (expenditures) limitations for completing work on the project
C. Time available to complete the project
D. Earned value techniques established for the project

Correct Answer: D
Section: (none)
Explanation

Explanation/Reference:
approved answer.

QUESTION 59
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?

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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Correct Answer: B
Section: (none)
Explanation

Explanation/Reference:
Explanation:

QUESTION 60
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 25 year after tax present worth of this project?

A. $13,738
B. $137,466
C. $(22,533)
D. $22,533

Correct Answer: D
Section: (none)
Explanation

Explanation/Reference:
Explanation:

QUESTION 61
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?

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

Correct Answer: D
Section: (none)
Explanation

Explanation/Reference:
satisfied answer.

QUESTION 62
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. $2,233
B. $3,357
C. $2,483
D. $2,968

Correct Answer: A
Section: (none)
Explanation

Explanation/Reference:
Explanation:

QUESTION 63
Which of the following is NOT a type of float?

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

Correct Answer: C

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Section: (none)
Explanation

Explanation/Reference:
Explanation:

QUESTION 64
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.

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?

A. $15,937
B. $15,397
C. $16,380
D. $13,168

Correct Answer: C
Section: (none)
Explanation

Explanation/Reference:
absoulte answer.

QUESTION 65
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.

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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. $16,273
D. $9,412

Correct Answer: C
Section: (none)
Explanation

Explanation/Reference:
Explanation:

QUESTION 66
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?

A. $64,000
B. $16,000
C. $3,200
D. $60,000

Correct Answer: A
Section: (none)
Explanation

Explanation/Reference:
Explanation:

QUESTION 67

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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.

Annual estimated tax would be:

A. $3,869
B. $5,565
C. $10,500
D. $11,925

Correct Answer: B
Section: (none)
Explanation

Explanation/Reference:
Explanation:

QUESTION 68

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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

Correct Answer: C
Section: (none)
Explanation

Explanation/Reference:
Explanation:

QUESTION 69
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.

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New, unique ride technology will be used and an estimate will need to be developed to identify these costs that have no historical data.

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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. 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

Correct Answer: A
Section: (none)
Explanation

Explanation/Reference:
good sort of answer.

QUESTION 70
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. Break down the technology into components

B. Call vendors for quotes
C. Use historical data from past projects

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D. Adjust known data from existing rides

Correct Answer: D
Section: (none)
Explanation

Explanation/Reference:
Explanation:

QUESTION 71
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?

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

Correct Answer: D
Section: (none)
Explanation

Explanation/Reference:
Explanation:

QUESTION 72
The written word is often more useful than the spoken. Guidelines for writing include:

A. Use short sentences; use short words; avoid jargon and abbreviations; use complete sentences; stick to one idea per paragraph; have a beginning, middle and
end; be accurate
B. Organize the background information; state the problem list the options or alternatives; state the recommendation (s); conclude and summarize with why the
recommendation is the best way to proceed
C. Follow an outline; allow some time for "cooling" after compiling the draft before revising; when revising, allow plenty of time for several sessions

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D. Explain, report, describe, clarify, define and demonstrate

Correct Answer: B
Section: (none)
Explanation

Explanation/Reference:
best suitable answer.

QUESTION 73
The four steps to writing are:

A. Introduction, paragraph, conclusion, works cited

B. Start, write, complete, revise
C. Abstract, body conclusion, bibliography
D. Plan, write, cool, revise

Correct Answer: D
Section: (none)
Explanation

Explanation/Reference:
Explanation:

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