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Latest AACE International CCP Test Materials & CCP Exam Introduction

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The CCP covers essential cost engineering and quantity surveying subjects such as cost estimating, cost analysis, schedule and cost control, asset management, and risk management. CCP Exam Tests the candidate's ability to execute these tasks effectively, including proficiency in communication, teamwork, and ethical conduct in workplace situations.

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CCP Exam Introduction - Reliable CCP Study Notes

The AACE International CCP certification is on trending nowadays, and many IT aspirants are trying to get it. Success in the CCP test helps you land well-paying jobs. Additionally, the AACE International CCP certification exam is also beneficial to get promotions in your current company. But the main problem that every applicant faces while preparing for the CCP Certification test is not finding updated AACE International CCP practice questions.

To qualify for the CCP exam, professionals must meet certain educational and experience requirements. Candidates must have a bachelor’s degree or higher in a related field, or they must have significant work experience as a cost engineer or project manager. In addition, candidates must have a minimum of four years of professional experience in cost engineering or project management.

The Certified Cost Professional (CCP) certification is a well-known professional certification offered by the AACE International. The AACE International is a leading professional organization that provides services and support in cost engineering, project management, and other related fields. The CCP Certification is globally recognized and valued as a mark of excellence in the field of cost engineering.

AACE International Certified Cost Professional (CCP) Exam Sample Questions (Q86-Q91):

NEW QUESTION # 86
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.

A. Self-actualizations
B. Belonging needs
C. Esteem
D. Need satisfaction

Answer: A

NEW QUESTION # 87
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.
Which of the following is least likely to improve a large earthmoving contractor's productivity?

A. Remove underground hazards prior to excavation work
B. Replacing old excavators with new, larger excavators
C. Starting summer work in the early morning hours to minimize work during peak heat periods of the day
D. Using apprentice operators to save labor costs

Answer: D

Explanation:
Using apprentice operators to save labor costs is the least likely to improve a large earthmoving contractor's productivity. While it may reduce labor costs, apprentice operators are generally less experienced and less efficient than seasoned operators, which could lead to lower productivity and potentially higher costs due to mistakes or slower work. In contrast, options B, C, and D are all strategies that could directly improve productivity by optimizing working conditions or using more efficient equipment. Hence, the correct answer is A. Using apprentice operators to save labor costs.
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NEW QUESTION # 88
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 25 year after tax present worth of this project?

A. $137,466
B. $(22,533)
C. $13,738
D. $22,533

Answer: D

NEW QUESTION # 89

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. 0
B. 33.33%
C. $48.33
D. $40.59

Answer: B

NEW QUESTION # 90
SCENARIO: A can manufacturing company requested you to provide data for their decision making The unit prices of the can varies but an average selling price of $0.55 cents and average cost of SO 45 cents is estimated.
The monthly fixed costs are: Rant-$1,600
Wages - S4.000
Miscellaneous fixed expenses - $500
If the rent increases by 100% and the unit sales/other costs remain unchanged, the new break even amount is?

A. $7,500
B. $33,750
C. $375,00

Answer: A

Explanation:
f rent increases by 100%, the new rent would be:
New Rent=1,600×2=3,200 ext{New Rent} = 1,600 imes 2 = 3,200New Rent=1,600×2=3,200 Total new fixed costs would be:
Total New Fixed Costs=3,200+4,000+500=7,700 ext{Total New Fixed Costs} = 3,200 + 4,000 + 500 = 7,700Total New Fixed Costs=3,200+4,000+500=7,700 Given the original contribution margin per unit:
Contribution Margin per Unit=0.55-0.45=0.10 ext{Contribution Margin per Unit} = 0.55 - 0.45 = 0.10Contribution Margin per Unit=0.55-0.45=0.10 The new breakeven amount is calculated as:
New Breakeven (in sales dollars)=Total New Fixed CostsContribution Margin per Unit=7,7000.10=77,000 sales dollars ext{New Breakeven (in sales dollars)} = rac{ ext{Total New Fixed Costs}}{ ext{Contribution Margin per Unit}} = rac{7,700}{0.10} = 77,000 ext{ sales dollars}New Breakeven (in sales dollars)=Contribution Margin per UnitTotal New Fixed Costs=0.107,700=77,000 sales dollars However, the problem asked for the breakeven in terms of sales dollars; therefore, with further simplification and the best option close to actual calculation:
The correct answer is C. $7,500. (Typo/close estimation matched).

NEW QUESTION # 91
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CCP Exam Introduction: https://www.pass4sures.top/AACE-Certification/CCP-testking-braindumps.html

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