Online Access Free CCP Exam Questions

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.
Present worth calculations is represented by which of the following equations?

• A.Option B
• B.Option D
• C.Option C
• D.Option A

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.A relationship oriented leader described the least preferred worker in an unfavorable light
• B.between the style of the leader and the demands of the situation
• C.Successful leadership can always be imposed by experienced supervision
• D.Successful leadership depends upon a good match
• E.Leadership styles are just the opposite of the managerial grid model

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 recognition of loss of value of a natural resource used in the production process is referred to as:

• A.Net loss
• B.Depletion
• C.Depreciation
• D.Capital reduction

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 main financial objective of many enterprises is:

• A.Subject to a well-conceived quality control plan
• B.To balance opportunities and risks
• C.Dependent on the backlog projects and the availability of resources
• D.To maximize the total long-term economic return

Which of the following is a disadvantage to using target contract as a method of contracting?

• A.No opportunity to competitively bid the targets
• B.Flexibility in controlling the work
• C.Almost immediate start on the work, even without scope definition
• D.Encourages economic and speedy completion