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NEW QUESTION 11
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. $13,168
- C. $16,380
- D. $15,397
Answer: C
NEW QUESTION 12
The purpose of a communication must be understood by ____________ if the message is to be clear to the
- A. Management; workers
- B. The receiver; the speaker
- C. Workers; management
- D. The speaker; the receiver
Answer: A
NEW QUESTION 13
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.
Annual estimated tax would be:
- A. $10,500
- B. $11,925
- C. $3,869
- D. $5,565
Answer: D
NEW QUESTION 14 
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. Lump sum
- B. Cost plus
- C. Lump sum + incentive
- D. Unit Rate
Answer: C
NEW QUESTION 15 
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.
What is the relative frequency of unit costs from Atlanta, GA?
- A. $40.59
- B. $48.33
- C. 33.33%
- D. 0
Answer: C
NEW QUESTION 16
In a fixed price contract the:
- A. Contractor is paid for actual costs
- B. Owner has all the risk
- C. Contractor has no risk in the project
- D. Contactor assumes all the performance risk
Answer: D
NEW QUESTION 17
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 is NOT an advantage of the critical path method:
- A. The ability to determine cost overruns of critical path activities
- B. Reveals activities that additional resources need to be dedicated toward
- C. The ability to show slippage in the progress of key activities
- D. The ability to identify activities that cannot have their schedules slip if the desired project end date is to be achieved
Answer: A
NEW QUESTION 18
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.
Fred Fiedler's contingency model suggests that:
- A. A relationship oriented leader described the least preferred worker in an unfavorable light
- B. Successful leadership depends upon a good match
- C. Successful leadership can always be imposed by experienced supervision
- D. Leadership styles are just the opposite of the managerial grid model
- E. between the style of the leader and the demands of the situation
Answer: E
NEW QUESTION 19
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 you buy a lot for $3,000 and sell it for $6,000 at the end of 8 years, what is your annual rate of return?
- A. 10.4%
- B. 9.1%
- C. 9.9%
- D. 8.3%
Answer: B
NEW QUESTION 20
A concrete slab measuring 10 feet wide by 13.5 feet long by 6 inches deep is to be installed. How many cubic yards of concrete will be required?
- A. 3.0 cubic yards
- B. 2.5 cubic yards
- C. 2.0 cubic yards
- D. 3.5 cubic yards
Answer: B
NEW QUESTION 21
Two of the most important things to know when planning a speech or lecture are the ______________and______________ of your audience.
- A. Political preference, sense of humor
- B. Culture, understanding
- C. Motivation, professionalism
- D. Background, attitude
Answer: B
NEW QUESTION 22
____________is defined as the earned work hours or dollars for all accounts divided by the budgeted work hours or dollars for all accounts.
- A. Percent complete
- B. Forecast
- C. Earned value
- D. Cost to complete
Answer: A
NEW QUESTION 23
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.
Profits that could not be formally recognized during a specific financial accounting period because the goods and services did not satisfy all the customer's requirements are:
- A. Marginal profits
- B. Lost profits
- C. Incurred profits
- D. Postponed profits
Answer: D
NEW QUESTION 24
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.
What is the "book value (BV) of the asset at the end of 5 years?
- A. $64,000
- B. $16,000
- C. $60,000
- D. $3,200
Answer: A
NEW QUESTION 25
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. Bid unit rate, owner quantities can exceed estimate range Contractor can perform above
- C. Contractor can perform at or below bid unit rate, owner quantities are within estimate range
- D. Contractor can perform at or below bid unit rate, owner quantities can exceed estimate range
Answer: C
NEW QUESTION 26
Which of the following is NOT a type of float?
- A. Free
- B. Open end
- C. Negative
- D. Total
Answer: B
NEW QUESTION 27
Meetings require:
- A. Goals, an agenda, preparation, conclusions, control and conversations that are relevant
- B. Goals, an agenda, flipchart, computer projector, laser pointer and consulting with others where appropriate
- C. Goals, an agenda, preparation, relevant discussions, support for your actions and to consider the total physical and human setting of the meeting
- D. Goals, an agenda, preparation, control, good listening skills and relevant discussions
Answer: A
NEW QUESTION 28 
The following question requires your selection of CCC/CCE Scenario 2 (2.3.50.1.2) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
9,375 hours have been expended to date. Planned completion at this time is 75%. The project is determined to be 66% complete. Based on current trends, how many hours will be expended at project completion?
- A. 16,215
- B. 14,201
- C. 12,000
- D. 10,526
Answer: D
NEW QUESTION 29
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. Self-actualization
- B. Belonging needs
- C. Knowledge
- D. Pay and compensation
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.
In Rensis1 4 model system, the exploitative-authoritative management style is one in which:
- A. Management issues orders, but employees have some freedom to comment
- B. Management makes most decisions and passes them down
- C. Management has a lot of confidence in the employees
- D. Informal organizations generally support the goals of the formal organization
Answer: B
NEW QUESTION 31
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AACE Certification CCP Real Exam Questions and Answers FREE Updated: https://drive.google.com/open?id=1FS6uYYSoA7qTAo6EvAm-tHDzc2fnOiAj
