Use Real CCP - 100% Cover Real Exam Questions [Nov-2021]
Dumps Brief Outline Of The CCP Exam - Exam4Free
NEW QUESTION 66
The process of stating goals and determining the most effective way of reaching them is the definition for:
- A. Mission Statement
- B. Implementing
- C. Planning
- D. Managing
Answer: C
NEW QUESTION 67
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. $420,236
- B. $265,798
- C. $318,740
- D. $289,370
Answer: C
NEW QUESTION 68
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 interest rates disregards the effects of compounding periods that occur more frequent than annually?
- A. Continuous compounding rate
- B. Minimum attractive rate of return
- C. Nominal interest rate
- D. Simple interest rate
Answer: C
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.
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. $13,168
- B. $16,380
- C. $15,397
- D. $15,937
Answer: B
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. $16,180
- B. $29,450
- C. $21,345
- D. $25,940
Answer: D
NEW QUESTION 71
Productivity increases with time. This improvement is commonly associated with improvements in efficiency brought about by increased experience and skill levels. What does this scenario describe?
- A. Cash flow
- B. The learning curve
- C. Value engineering
- D. Productivity efficiency factor
Answer: B
NEW QUESTION 72
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 would NOT be considered part of a project cost and schedule forecast?
- A. Changes to the project execution plan
- B. Current trends of time and money
- C. Usage of contingency
- D. Peripherals report
Answer: D
NEW QUESTION 73 
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. None of the above
- B. Copper
- C. Manufacturing labor
- D. Steel
Answer: C
NEW QUESTION 74
A systematic coding structure for organizing and managing scope, assets, cost, resources, work and schedule activity information is a______________.
- A. Code of accounts
- B. Schedule identification number
- C. Cost estimate classification
- D. Cost breakdown structure
Answer: A
NEW QUESTION 75
Two of the most important things to know when planning a speech or lecture are the ______________and______________ of your audience.
- A. Culture, understanding
- B. Political preference, sense of humor
- C. Background, attitude
- D. Motivation, professionalism
Answer: A
NEW QUESTION 76
The latest allowable end time minus the earliest allowable end time on a schedule activity is referred to as:
- A. Total float
- B. Remaining duration
- C. Free float
- D. Just-in-time scheduling
Answer: A
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.
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 fall within the percentage range stated
- B. To be exactly the percentages stated
- C. To be outside the percentages stated
- D. To be higher or lower that the percentages stated
Answer: A
NEW QUESTION 78
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. 30%
- B. 50%
- C. 45%
- D. 95%
Answer: C
NEW QUESTION 79
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. Self-actualization
- B. Belonging needs
- C. Knowledge
- D. Pay and compensation
Answer: B
NEW QUESTION 80
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?
- A. $6.80
- B. $3.10
- C. $2.22
- D. $5.35
Answer: A
NEW QUESTION 81 
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
- B. Unit Rate
- C. Lump sum + incentive
- D. Lump sum
Answer: C
NEW QUESTION 82
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. Units completed
- B. Ratio/level of effort
- C. Start/finish
- D. Incremental milestone
Answer: D
NEW QUESTION 83
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