[2021] Verified CCP Dumps Q&As - 1 Year Free & Quickly Updates
Latest 2021 Realistic Verified CCP Dumps - 100% Free CCP Exam Dumps
NEW QUESTION 26 
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. Lump sum
- C. Lump sum + incentive
- D. Unit Rate
Answer: C
NEW QUESTION 27
The purpose of a communication must be understood by ____________ if the message is to be clear to the
- A. The speaker; the receiver
- B. The receiver; the speaker
- C. Management; workers
- D. Workers; management
Answer: C
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
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. $2.22
- B. $6.80
- C. $3.10
- D. $5.35
Answer: B
NEW QUESTION 30
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 be higher or lower that the percentages stated
- B. To be exactly the percentages stated
- C. To be outside the percentages stated
- D. To fall within the percentage range stated
Answer: D
NEW QUESTION 31
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 $10,000 is scheduled to be paid out 5 years from now, what is the minimum amount we can invest today?
- A. $8,129
- B. $6,209
- C. $3,855
- D. $3,791
Answer: B
NEW QUESTION 32
A bond that guarantees the bidder will enter into a contract on the basis of his/her bid is referred to as:
- A. Liability bond
- B. Performance bond
- C. Bid bond
- D. Surety bond
Answer: C
NEW QUESTION 33
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 34
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 methods a used for creating critical path schedules:
- A. Arrow diagram method
- B. Precedence diagram method
- C. Precedence and arrow diagram methods only
- D. Gantt chart (bar chart) method
Answer: C
NEW QUESTION 35 
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
Answer: C
NEW QUESTION 36
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.
Given a unit price contract between the owner and contractor, each assumes the following:
- A. Bid unit rate, owner quantities are within estimate range
- B. Contractor can perform at or below bid unit rate, owner quantities can exceed estimate range
- C. Contractor can perform at or below bid unit rate, owner quantities are within estimate range
- D. Bid unit rate, owner quantities can exceed estimate range Contractor can perform above
Answer: C
NEW QUESTION 37 
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. $105,000
- B. $210,000
- C. $875,000
- D. $140,000
Answer: D
NEW 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, giving the employees an award that acknowledges their achievements is most likely to satisfy which level of need?
- A. Self-actualization
- B. Power needs
- C. Belonging needs
- D. Safety needs
Answer: A
NEW QUESTION 39
The written word is often more useful than the spoken. Guidelines for writing include:
- A. Explain, report, describe, clarify, define and demonstrate
- B. Follow an outline; allow some time for "cooling" after compiling the draft before revising; when revising, allow plenty of time for several sessions
- C. 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
- D. 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
Answer: D
NEW QUESTION 40
The four steps to writing are:
- A. Start, write, complete, revise
- B. Plan, write, cool, revise
- C. Abstract, body conclusion, bibliography
- D. Introduction, paragraph, conclusion, works cited
Answer: B
NEW QUESTION 41 
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. 2.5%
- B. 4.6%
- C. 3.5%
- D. 6.6%
Answer: A
NEW QUESTION 42
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