Real CCP Exam PDF Test Engine Practice Test Questions [Q26-Q41] : Exam for engine : http://blog.test4engine.com

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

Motivation, professionalism

Background, attitude

Political preference, sense of humor

Culture, understanding

NEW QUESTION 27
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?

$16,380

$16,578

$15,937

$16,273

NEW QUESTION 28

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?

$21.57

$26.65

$48.22

$485.00

NEW QUESTION 29
A bond that guarantees the bidder will enter into a contract on the basis of his/her bid is referred to as:

Surety bond

Performance bond

Bid bond

Liability bond

NEW QUESTION 30
In a fixed price contract the:

Contractor has no risk in the project

Contactor assumes all the performance risk

Contractor is paid for actual costs

Owner has all the risk

NEW QUESTION 31
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:

Costing

Cost-price analysis

Bid shopping

Negotiating a best and final offer

NEW QUESTION 32
Which of the following best describes the concept of total cost management:

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

The practices and processes utilized to manage the total life cycle cost investment in a portfolio of strategic assets

A job cost system for ensuring all aspects of a particular manufacturing process are accumulated completely

An integrating process that maps the fields of practice of cost engineering without linking it to project management, resource management, or accounting

NEW QUESTION 33
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 class of estimate is used for the preliminary design phase of a project?

Class 5 – order of magnitude estimate with +50% / -30% accuracy

Class 1 – order of magnitude with +30% / -30% accuracy

Class 4 – budget estimate with +30% / -15% accuracy

Class 2 – definitive estimate with +15%/-5% accuracy

NEW QUESTION 34
Which of the following is NOT an aspect of quality management?

Quality assurance

Quality planning

Quality checking

Quality control

NEW QUESTION 35
A major theme park is expanding the existing facility over a five-year period. The design phase will be completed one year after the contract is awarded. Major engineering drawings will be finalized two years after the design contract is awarded and construction will begin three years after the award of the design contract. New, unique ride technology will be used and an estimate will need to be developed to identify these costs that have no historical data.
The recognition of loss of value of a natural resource used in the production process is referred to as:

Capital reduction

Net loss

Depreciation

Depletion

NEW QUESTION 36
Which of the following is NOT a type of float?

Total

Negative

Open end

Free

NEW QUESTION 37
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:

$3,869

$5,565

$10,500

$11,925

NEW QUESTION 38
A contract clause that provides the owner with the right to terminate the contract irrespective of the general contractor’s liability is:

Termination of contract – convenience

Termination of contract – default

Substantial completion

Breach of contract

NEW QUESTION 39
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?

$13,738

$137,466

$(22,533)

$22,533

NEW QUESTION 40
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?

$2,233

$3,357

$2,483

$2,968

NEW QUESTION 41
Some of the principles of good communication are:

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

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

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

The social process by which people in a specific situation construct meaning using symbolic behavior

Real CCP Exam PDF Test Engine Practice Test Questions [Q26-Q41]

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