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Free PDF High Hit-Rate AACE International - CCP - Test Certified Cost Professional (CCP) Exam Passing Score
Completing the preparation for the Certified Cost Professional (CCP) Exam exam on time is the most important aspect. The other thing is to prepare for the Certified Cost Professional (CCP) Exam exam by evaluating your preparation using authentic exam questions. DumpsFree provides the most authentic Certified Cost Professional (CCP) Exam (CCP) Exam Questions compiled according to the rules or patterns supplied by Certified Cost Professional (CCP) Exam (CCP) professionals. We provide you with everything you need to pass the CCP exam, which verifies you as a AACE International certified specialist in the domain of AACE International Data Modeling.
The CCP certification assessment consists of two parts: a Qualification Exam and a Certification Exam. The Qualification Exam ensures that the candidates have the fundamental knowledge required to take the Certification Exam. The Certification Exam is the final stage of certification and evaluates the candidate's capabilities in the core subject areas of cost engineering and quantity surveying.
AACE International CCP Certification Exam is one of the most prestigious and recognized certifications in the field of cost management. Certified Cost Professional (CCP) Exam certification exam is designed for professionals who aspire to advance their careers in the field of cost engineering and project management. CCP Exam assesses the candidate's competency in cost estimating, cost control, and planning, and scheduling. Professionals who pass the CCP certification exam demonstrate that they have the knowledge and skills to control project costs effectively.
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To save resources of our customers, we offer Real CCP Exam Questions that are enough to master for CCP certification exam. Our AACE International CCP Exam Dumps are designed by experienced industry professionals and are regularly updated to reflect the latest changes in the Certified Cost Professional (CCP) Exam exam content.
AACE International Certified Cost Professional (CCP) Exam Sample Questions (Q104-Q109):
NEW QUESTION # 104
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. Account number
- C. WBS Code
- D. Resource
Answer: A
Explanation:
An Activity ID is a unique combination of letters, numbers, or blanks that describes and identifies any activity or task shown on a project schedule. It serves as a reference for project managers and team members to track specific tasks, monitor progress, and ensure that all activities are accounted for in the project plan.
Option B: WBS Code refers to a hierarchical structure that organizes and defines the total scope of the project, not individual tasks.
Option C: Resource refers to the manpower, equipment, or materials required to complete a task.
Option D: Account number typically refers to a financial tracking number, not a project activity identifier.
Therefore, A. Activity ID is the correct answer as it directly relates to identifying specific tasks within the project schedule.
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NEW QUESTION # 105
Meetings require:
- A. Goals, an agenda, preparation, control, good listening skills and relevant discussions
- 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, conclusions, control and conversations that are relevant
Answer: A
Explanation:
Effective meetings require careful planning and execution. The key elements include setting clear goals for the meeting, preparing an agenda that outlines the topics to be discussed, and ensuring preparation by all participants. Control is essential to keep the meeting on track, avoiding digressions and ensuring that time is managed effectively. Good listening skills are crucial for understanding different perspectives and fostering meaningful discussions. Relevant discussions ensure that the meeting stays focused on its objectives.
Option A and Option B miss the inclusion of control and listening skills, which are vital for effective meetings.
Option D focuses more on physical tools rather than the essential skills and processes needed for a productive meeting.
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NEW QUESTION # 106
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 question requires your selection of CCC/CCE Scenario 26 (2.5.50.1.2) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
Which statement best describes the type of information available for a design phase estimate?
- A. Detailed construction drawings, quantity takeoffs, detailed labor hours and material costs applied, quotes from all major subcontractors
- B. Home office detail, specific vendor quotes, preliminary quantities with labor and material factors applied
- C. Square footage of buildings, factored indirects, types of rides and exhibits identified, utility requirements, conceptual layouts
- D. Utility requirements, detailed building plans and (- specifications, types of rides and exhibits identified, all vendor quotes or estimates received from subcontractors
Answer: C
Explanation:
During the design phase of a project, the type of information typically available includes square footage of buildings, factored indirects, types of rides and exhibits identified, utility requirements, and conceptual layouts. At this stage, detailed construction drawings and specific vendor quotes may not yet be available, but the design will have advanced enough to provide a conceptual framework, which includes the size of the project, types of attractions, and basic infrastructure requirements. This information allows for a preliminary estimate that can be refined as the design progresses.
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NEW QUESTION # 107
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 S45 cents is estimated.
The monthly fixed costs are:
Rant-$1,500
Wages - $4.000
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. $33,000
- B. $60,000
- C. $41,250
Answer: C
Explanation:
The same logic as in the previous problem applies. If rent increases by 100%, total fixed costs change and the breakeven point must be recalculated.
New Rent=1,500ร2=3,000 ext{New Rent} = 1,500 imes 2 = 3,000New Rent=1,500ร2=3,000 Total New Fixed Costs=3,000+4,000+500=7,500 ext{Total New Fixed Costs} = 3,000 + 4,000 + 500 = 7,500Total New Fixed Costs=3,000+4,000+500=7,500 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 New Breakeven (in sales dollars)=7,5000.10=75,000 sales dollars, calculated as 41,250 correct ext{New Breakeven (in sales dollars)} = rac{7,500}{0.10} = 75,000 ext{ sales dollars, calculated as 41,250 correct}New Breakeven (in sales dollars)=0.107,500โ=75,000 sales dollars, calculated as 41,250 correct The correct answer is B. $41,250.
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NEW QUESTION # 108
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%.
Which of the following statements of the measures of central tendency is correct?
- A. The mode would be frequently applied in marketing to determine shirt sizes or shoes sizes
- B. The median is the measure that is mostly affected by extreme values
- C. The mode only uses the two extreme values and ignores the test of the data set
- D. The mean is the measure that of the large data set
Answer: A
Explanation:
The mode is the value that appears most frequently in a data set. It is particularly useful in marketing for determining common sizes such as shirt or shoe sizes because these are typically based on the most commonly occurring values in a population. The other options incorrectly describe the characteristics of central tendency measures. Therefore, the correct answer is D. The mode would be frequently applied in marketing to determine shirt sizes or shoe sizes.
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NEW QUESTION # 109
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