Free CCP Practice Test Questions 2026

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 mothed that has a compound amount factor and a present worth factor. There is the uniform annual series that has a sinking fund factor, capita1 recovery factor and also the compound amount factor and present worth factor. At this point, we can assume money is worth 10%.

Which of the following is not one of the requirements to form a contract?

A. Consideration

B. Competent parties

C. Legality of purpose

D. Agent

The discount rate is a measure used to convert cash flow streams occurring to different points in time to a common base called the net present worth. What is the discount rate based upon?

A. Inflation and interest rates

B. The interest rate which the client will have to pay on his loan

C. Bank rate

D. The rate of inflation

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.

You are reporting on a roadway project, which was estimated to be 10 miles of road. It was scheduled to be completed in 16 weeks, which is this week. According to your calculations, the project has aschedule performance index of 0.80. What would you advise the management about the scheduled completion date?

A. Project will be completed in 20 more weeks

B. Project will be completed this week - on schedule

C. Project will be completed in 4 more weeks

D. Project will be completed in 12.8 more weeks

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

A. Motivation, professionalism

B. Background, attitude

C. Political preference, sense of humor

D. Culture, understanding

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. $2,424

B. $2,976

C. $2,688

D. $2,697

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%.

Assuming the average life span of a lithium battery is two years and is normally distributed with a standard deviation of two months, what is the probability the battery will last between 20 months and 26 months?

A. 82%

B. 75%

C. 90%

D. 84%

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%.

Taxes due at the end of year five (5) would be:

A. $34,034

B. $4,912

C. $11,912

D. $35,000

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 project scheduler left the company and has left unfinished work. You have been hired as the new project scheduler and must update the existing schedule. What will be your first task?

A. Recalculate the early finish for each activity

B. Recalculate the early start for each activity

C. Update the remaining duration for each activity

D. Recalculate the critical path

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 thedesign 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. Ratio/level of effort

B. Start/finish

C. Units completed

D. Incremental milestone

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.

Cost engineers who feel completely satisfied and fulfilled by their work as part of a project team are said to have reached the ______________ stage of Maslow's hierarchy of needs.

A. Need satisfaction

B. Belonging needs

C. Self-actualizations

D. Esteem

If two alternatives with different useful lives are to be compared considering all costs, which of the following methods is most appropriate?

A. Optimization

B. Net Present Worth

C. Equivalent Uniform Annual Value

D. Future Worth

A contract clause that provides the owner with the right to terminate the contract irrespective of the general contractor's liability is:

A. Termination of contract - convenience

B. Termination of contract - default

C. Substantial completion

D. Breach of contract