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Download Certified Cost Professional (CCP) Exam Exam Dumps
NEW QUESTION 43
_____________is defined as the budget for the cost (work) account times the percent complete for that account.
- A. Forecast
- B. Percent complete
- C. Earned value
- D. Cost to complete
Answer: C
NEW QUESTION 44
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. Safety needs
- B. Belonging needs
- C. Self-actualization
- D. Power needs
Answer: C
NEW QUESTION 45
What is executed in connection with a contract and secures the performance and fulfillment of all the undertakings, covenants, terms, conditions and agreements contained in the contract?
- A. Bid bond
- B. Performance bond
- C. Liability insurance
- D. Surety bond
Answer: B
NEW QUESTION 46
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. Reduce the risk of quantities being greater than estimated
- B. Provides an alternative to competitive bidding
- C. Decrease the chances of extended claim litigation
- D. To get more payment early in the job
Answer: A
NEW QUESTION 47
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.
Five years from now it is required the company have $100,000. How much money should be invested at the end of each year to reach this?
- A. $15,937
- B. $16,380
- C. $13,168
- D. $15,397
Answer: B
NEW QUESTION 48
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