In a fixed price contract the:
A. Contractor has no risk in the project
B. Contactor assumes all the performance risk
C. Contractor is paid for actual costs
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. Which of the following is considered a measure of profitability?
A. Rate of return
B. Annual Dividends
C. Total assets
D. Annual sales
An American company plans to acquire a new press machine from a Dutch manufacturer
under the following conditions. One question remaining to be answered is the expected
amount of capital recovery when salvage is accounted for.

The following question requires your selection of Scenario 1.4.15Q from the right side of
your split screen. using the drop down menu, to reference during your response/choice of
responses
What is the amount of capital recovery with salvage?
A. $11,499.00
B. $4,124.00
C. $9,876.00
D. $10,765.00
Develop a CPM method considering the below tasks and logical relationships. Use this
information to answer the related questions.

What is the late finish date of activity 50?
A. Day 47
B. Day 38
C. Day 28
D. Day 37
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%. Which of the following calculations would not be needed to determine "net income?'
A. Depreciation
B. Taxes
C. Present value
D. Income before taxes
You have been hired as the cost engineer for a mechanical contractor and have been
provided the following information:

What is the schedule performance index (SPI)?
A. ACWP/BCWS= 110,000/100,000= 1.10
B. BCWS/ACWP = 100,000/110,000 = 0.91
C. BCWP/BCWS = 105,000/100,000- 1.05
D. BCWS/BCWP= 100,000/105,000-0.95
The written word is often more useful than the spoken. Guidelines for writing include:
A. 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
B. 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
C. Follow an outline; allow some time for "cooling" after compiling the draft before revising; when revising, allow plenty of time for several sessions
D. Explain, report, describe, clarify, define and demonstrate
An American company plans to acquire a new press machine from a Dutch manufacturer
under the following conditions. One question remaining to be answered is the expected
amount of capital recovery when salvage is accounted for.

The amount of interest paid during the fifth year of depreciation would be:
A. $126.00
B. $1,200.00
C. $1,260.00
D. $12,000.00
A breach of contract can only occur when which of the following conditions is (are)
present?
1. The item must be contrary to the intent of the parties
2. The item must be contrary to the contract terms and conditions
3. The injured party must actually sustain additional or excess costs
A. Item 1, 2 and 3
B. Item 2
C. Items 2 and 3
D. Items 1 and 2

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 A has a primary goal of completion within budget, the following contract
types with the engineer/contractor would be best:
A. Engineer — cost plus, contractor fixed price
B. Engineer — cost plus, contractor cost plus
C. Engineer fixed price, contactor cost plus
D. Engineer — fixed price, contractor fixed price
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. After an individual's safety needs are met, what needs would the individual be motivated to fulfill next in Maslow’s hierarchy of needs?
A. Belonging needs
B. Self-actualization
C. Knowledge
D. Pay and compensation
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. 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 method to estimate the cost of the new rides:
A. Break down the technology into components
B. Call vendors for quotes
C. Use historical data from past projects
D. Adjust known data from existing rides
| Page 7 out of 19 Pages |
| 456789 |
| CCP Practice Test Home |
Real-World Scenario Mastery: Our CCP practice exam don't just test definitions. They present you with the same complex, scenario-based problems you'll encounter on the actual exam.
Strategic Weakness Identification: Each practice session reveals exactly where you stand. Discover which domains need more attention, before Certified Cost Professional (CCP) Exam exam day arrives.
Confidence Through Familiarity: There's no substitute for knowing what to expect. When you've worked through our comprehensive CCP practice exam questions pool covering all topics, the real exam feels like just another practice session.