AACE International CCP
Q: 1
_____________is defined as the budget for the cost (work) account times the percent complete for
that account.
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Q: 2
What is a basic element of work or a task that must be performed over a given period of time in
order to complete a project called?
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Q: 3
Which of the following best describes the concept of total cost management:
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Q: 4
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 numerical method of describing quantitative data is best suited in targeted marketing?
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Q: 5
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%.
All of the following are characteristics of standard normal distribution, except:
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Q: 6
Which of the following is a disadvantage to using target contract as a method of contracting?
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Q: 7
The measure of number of units completed divided by work-hours consumed is referred to as:
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Q: 8
The discount rate is a measure used to convert cash flow streams occurring to different points in time
to a common base called the net present worth. What is the discount rate based upon?
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Q: 9
A project's data shows the budgeted cost of work scheduled as $27,000 and the actual cost of work
performed as $25,000. If the baseline budget is $200,000 and the work o-ogress is 12%. what is the
cost performance index (CPI)?
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Q: 10
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%.
Costs which are independent of the system throughout are:
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Question 1 of 10
