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AACE CCP Passing Score

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Question 8

The written word is often more useful than the spoken. Guidelines for writing include:

Options:

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

Question 9

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 el Scenario 1.4.150 from the right side of your split screen. using the drop down menu to reference during your response/choice of responses.

Based on your analysis, should the press be purchased?

Options:

A.

CR is not a factor in this decision

B.

Not enough data to determine

C.

No

D.

Yes

Question 10

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.

How many years will it take to earn $400 in interest on $800 at 4% compounded annually?

Options:

A.

10 years

B.

11 years

C.

12 years

D.

13 years

Question 11

Which of the following is NOT an aspect of quality management?

Options:

A.

Quality assurance

B.

Quality planning

C.

Quality checking

D.

Quality control

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Exam Code: CCP
Exam Name: Certified Cost Professional (CCP) Exam
Last Update: Nov 21, 2024
Questions: 189
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