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Question 12

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.

Options:

A.

Need satisfaction

B.

Belonging needs

C.

Self-actualizations

D.

Esteem

Question 13

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:

Options:

A.

Bid unit rate, owner quantities can exceed estimate range Contractor can perform above

B.

Bid unit rate, owner quantities are within estimate range

C.

Contractor can perform at or below bid unit rate, owner quantities can exceed estimate range

D.

Contractor can perform at or below bid unit rate, owner quantities are within estimate range

Question 14

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?

Options:

A.

$40.59

B.

3

C.

$48.33

D.

33.33%

Question 15

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%.

The compound interest factor used to determine Present Value in year number 5 is:

Options:

A.

0.3790

B.

0.6209

C.

1.6051

D.

0.6830

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