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Helping Hand Questions for CCP

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Total 189 questions

Certified Cost Professional (CCP) Exam Questions and Answers

Question 33

Which statement best describes the constructability review for a project?

Options:

A.

Is concerned primarily with resource scheduling and organizational planning

B.

The review by a multi-discipline team to Improve the methods of delivering the intended scope

C.

A method to reduce costs by considering alternate designs

D.

The systematic application of recognized techniques which identify the functions of the product or service

Question 34

After collecting the control information on a light rail project within an original budget of 200.000 work hours, the construction contractor is ready for their monthly progress meeting with the client.

A total of 100.000 work hours have boon scheduled to date. with 105.000 work hours earned, and 110.000 work hours paid. The stated progress by the contractor Is 60%.

What is the cost variance (CV)?

Options:

A.

BCWP-ACWP = 105,000-110,000 = -5,000

B.

ACWP-BCWP = 110,000-105,000 = 5,000

C.

BCWS-ACWP = 100,000-110,000 = -10,000

D.

ACWP-BCWS = 110,000-100,000 = -10,000

Question 35

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

Question 36

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%.

A good description of quantitative data would be as follows:

Options:

A.

There is no difference between Qualitative data and Quantitative data

B.

Quantitative data can be categorized or summarized.

C.

Quantitative data can be described graphically or numerically.

D.

Quantitative data is a subset of data randomly selected from a population; the size of a sample is usually denoted by n.

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Total 189 questions