CCP Online Practice Questions and Answers

Budgeted cost of work scheduled is all of the following except:

A. Total costs incurred in accomplishing work in a given-time period

B. Baseline for performance measurement

C. Sum of the budgets for work scheduled

D. Includes portion of the budget for level-of-effort work

Any combination of unique letters, numbers, or blanks, which describes and identifies any activity or task shown on the schedule, is: A. Activity ID

B. WBS Code

C. Resource

D. Account number

The latest allowable end time minus the earliest allowable end time on a schedule activity is referred to as:

A. Total float

B. Remaining duration

C. Free float

D. Just-in-time scheduling

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. The entire pipe has been received, hangers have been installed, and all pipes are in place. None has been welded or flushed. What percent complete is this project?

A. 45%

B. 50%

C. 95%

D. 30%

The following question requires your selection of CCC/CCE Scenario 4 (2.7.50.1.1) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses. If steel costs $1800/ton at the end of Year 3, what is the price of steel at the end of Year 4?

A. $1890/ton

B. $1863/ton

C. $1948/ton

D. $1836/ton

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. Belonging needs

B. Safety needs

C. Power needs

D. Self-actualization

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. Leadership styles are just the opposite of the managerial grid model

B. Successful leadership depends upon a good match

C. between the style of the leader and the demands of the situation

D. Successful leadership can always be imposed by experienced supervision

E. A relationship oriented leader described the least preferred worker in an unfavorable light

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. To get more payment early in the job

B. Decrease the chances of extended claim litigation

C. Reduce the risk of quantities being greater than estimated

D. Provides an alternative to competitive bidding

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. Cost plus

B. Lump sum

C. Unit Rate

D. Lump sum + incentive

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 much money should be set aside today to have $20,000 available eight (8) years from now if the interest rate is 6% compounded annually?

A. $31,875

B. $12,550

C. $29,600

D. $13,515