CCP Actual Questions Answers PDF 100% Cover Real Exam Questions
CCP Exam questions and answers
NEW QUESTION 16
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. $265,798
- B. $420,236
- C. $318,740
- D. $289,370
Answer: C
NEW QUESTION 17
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. $2,697
- B. $2,688
- C. $2,976
- D. $2,424
Answer: D
NEW QUESTION 18
A schedule's late dates are calculated during the:
- A. Backward pass
- B. Forward pass
- C. Loop calculations
- D. Float
Answer: A
NEW QUESTION 19
____________ is defined as covering work whose component activities are less defined and whose interrelationships are conditional.
- A. Hard logic
- B. Soft logic
- C. Inductive logic
- D. Deductive logic
Answer: B
NEW QUESTION 20 
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.
6,573 hours have been expended to date. Planned completion at this time is 60%. The project is determined to be 55% complete. How many hours have been earned?
- A. 6,600
- B. 6,960
- C. 7,200
- D. 6,573
Answer: D
NEW QUESTION 21 
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. Decrease the chances of extended claim litigation
- B. Reduce the risk of quantities being greater than estimated
- C. Provides an alternative to competitive bidding
- D. To get more payment early in the job
Answer: B
NEW QUESTION 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.
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?
- A. Class 2 - definitive estimate with +15%/-5% accuracy
- B. Class 4 - budget estimate with +30% / -15% accuracy
- C. Class 5 - order of magnitude estimate with +50% / -30% accuracy
- D. Class 1 - order of magnitude with +30% / -30% accuracy
Answer: C
NEW QUESTION 23
Money is value. Having money when you need it is very important. Money can also be valuable when used wisely by knowing when to spend and when to conserve. Also, planning now for future expenses can be a plus to the company rather than a debit.
There are several ways to capitalize money and spending. Basically there is the single payment method that has a compound amount factor and a present worth factor. There is the uniform annual series that has a sinking fund factor, capital recovery factor and also the compound amount factor and present worth factor. At this point, we can assume money is worth 10%.
The following question requires your selection of CCC/CCE Scenario 7 (4.8.50.1.1) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
If $10,000 is invested now at 10% compounded annually, what will the investments be worth 10 years from now?
- A. $25,940
- B. $21,345
- C. $16,180
- D. $29,450
Answer: A
NEW QUESTION 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.
A cyclical process model was chosen as the basis for total cost management (TCM) because:
- A. Refinement is needed to prepare the estimate at completion (EAC)
- B. It is one of the basic tenets of quality improvement
- C. It facilitates development of budgets and schedules
- D. Strategic assets and projects have inherent life cycles
Answer: D
NEW QUESTION 25
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 26
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. Determines the duration of each activity
- B. Allows total float to be calculated
- 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
Answer: C
NEW QUESTION 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.
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?
- A. Option D
- B. Option B
- C. Option A
- D. Option C
Answer: A
NEW QUESTION 28
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.
All of the following are included in "income tax" calculations except:
- A. Depreciation
- B. Annual expenditures
- C. Annual income
- D. Initial cost of investment
Answer: D
NEW QUESTION 29
A concrete slab measuring 10 feet wide by 13.5 feet long by 6 inches deep is to be installed. How many cubic yards of concrete will be required?
- A. 2.0 cubic yards
- B. 3.5 cubic yards
- C. 3.0 cubic yards
- D. 2.5 cubic yards
Answer: D
NEW QUESTION 30
Meetings require:
- A. Goals, an agenda, preparation, control, good listening skills and relevant discussions
- B. Goals, an agenda, preparation, relevant discussions, support for your actions and to consider the total physical and human setting of the meeting
- C. Goals, an agenda, preparation, conclusions, control and conversations that are relevant
- D. Goals, an agenda, flipchart, computer projector, laser pointer and consulting with others where appropriate
Answer: C
NEW QUESTION 31
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.
You have been asked to provide ETC information to management. Based on the following information, what is the ETC?
Original Budget = $9,000,000 Actuals to date = $3,513,000
Current estimate at completion = $10,613,000
Actuals for current month = $1,200,000
- A. $10,613,000
- B. $9,000,000
- C. $7,100,000
- D. $5,487,000
Answer: C
NEW QUESTION 32 
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. $45 to $530
- B. $26.78 to $75.00
- C. $48.22
- D. $485
Answer: A
NEW QUESTION 33
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