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Valid AACE International CCP Test Book & Interactive CCP EBook

LatestCram have made customizable Certified Cost Professional (CCP) Exam (CCP) practice tests so that users can take unlimited tests and improve Certified Cost Professional (CCP) Exam (CCP) exam preparation day by day. These AACE International CCP practice tests are based on the real examination scenario so the students can feel the pressure and learn to deal with it. The customers can access the result of their previous given Certified Cost Professional (CCP) Exam (CCP) exam history and try not to make any excessive mistakes in the future.

The AACE International CCP examination is offered to professionals who possess a minimum of five years of relevant work experience in cost engineering, cost estimating, or quantity surveying. Certified Cost Professional (CCP) Exam certification covers a wide range of topics such as cost estimating and control, project control, risk and uncertainty management, and financial frameworks. CCP Exam consists of a combination of multiple-choice questions, calculation problems, and essay questions, and it is designed to evaluate both the theoretical and practical knowledge of the candidates.

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Free PDF Quiz 2025 AACE International CCP – Professional Valid Test Book

The LatestCram is committed to acing the Certified Cost Professional (CCP) Exam (CCP) exam questions preparation quickly, simply, and smartly. To achieve this objective LatestCram is offering valid, updated, and real AACE International CCP Exam Dumps in three high-in-demand formats. These Certified Cost Professional (CCP) Exam (CCP) exam questions formats are PDF dumps files, desktop practice test software, and web-based practice test software.

AACE International Certified Cost Professional (CCP) Exam Sample Questions (Q116-Q121):

NEW QUESTION # 116

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. Decrease the chances of extended claim litigation
B. Reduce the risk of quantities being greater than estimated
C. Provides an alternative to competitive bidding
D. To get more payment early in the job

Answer: B

NEW QUESTION # 117

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.
Calculate the mean unit cost.

A. $48.09
B. $48.22
C. $46.59
D. $48.35

Answer: C

NEW QUESTION # 118
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.
Which of the following interest rates disregards the effects of compounding periods that occur more frequent than annually?

A. Simple interest rate
B. Nominal interest rate
C. Continuous compounding rate
D. Minimum attractive rate of return

Answer: B

Explanation:
The Nominal interest rate is the rate of interest before adjusting for compounding within the year. It disregards the effects of compounding periods that occur more frequently than annually. For instance, a nominal rate of 12% compounded monthly would still be referred to as 12%, without taking into account the fact that the effective annual rate would be higher due to monthly compounding. The other options, such as continuous compounding, simple interest, and minimum attractive rate of return (MARR), do account for compounding or are specific types of interest. Therefore, the correct answer is D. Nominal interest rate.

NEW QUESTION # 119
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.
Which of the following would NOT be considered part of a project cost and schedule forecast?

A. Peripherals report
B. Usage of contingency
C. Changes to the project execution plan
D. Current trends of time and money

Answer: A

Explanation:
A peripherals report is not typically considered part of a project cost and schedule forecast. Forecasts generally focus on usage of contingency, current trends of time and money, and changes to the project execution plan. These elements directly impact the financial and scheduling aspects of a project. A peripherals report might refer to ancillary details or additional documentation that doesn't directly influence cost or schedule forecasts. Hence, the correct answer is C. Peripherals report.

NEW QUESTION # 120
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.
Annual estimated tax would be:

A. $11,925
B. $10,500
C. $3,869
D. $5,565

Answer: D

NEW QUESTION # 121
......

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