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AACE Certification CCP The free demo has three versions.
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CCP PDF DEMO:
QUESTION NO: 1
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.
How many years will it take to earn $400 in interest on $800 at 4% compounded annually?
A. 10 years
B. 11 years
C. 12 years
D. 13 years
Answer: A
QUESTION NO: 2
Which of the following is NOT a type of float?
A. Total
B. Negative
C. Open end
D. Free
Answer: C
QUESTION NO: 3
Meetings require:
A. Goals, an agenda, preparation, relevant discussions, support for your actions and to consider the total physical and human setting of the meeting
B. Goals, an agenda, preparation, conclusions, control and conversations that are relevant
C. Goals, an agenda, preparation, control, good listening skills and relevant discussions
D. Goals, an agenda, flipchart, computer projector, laser pointer and consulting with others where appropriate
Answer: B
QUESTION NO: 4
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 range of unit costs?
A. $21.57
B. $26.65
C. $48.22
D. $485.00
Answer: D
QUESTION NO: 5
_____________is defined as the budget for the cost (work) account times the percent complete for that account.
A. Percent complete
B. Forecast
C. Cost to complete
D. Earned value
Answer: D
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Updated: May 28, 2022