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NEW QUESTION 20
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. To balance opportunities and risks
- B. To maximize the total long-term economic return
- C. Subject to a well-conceived quality control plan
- D. Dependent on the backlog projects and the availability of resources
Answer: B
NEW QUESTION 21
Money is value. Having money when you need it is very important. Money can also be valuable when used wisely by knowing when to spend and when to conserve Also, planning now for future expenses can be a plus to the company rather than a debit.
There are several ways to capitalize money and spending. Basically there is the single payment method that has a compound amount factor and a present worth factor. There is the uniform annual series that has a sinking fund factor, capital recovery factor and also the compound amount factor and present worth factor. At this point, we can assure money is worth 10%.
The following question requires your selection of CCC/CCE Scenario 7 (4.8.50.1.1) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
If the company needs to repay a loan of $100,000 in 10 uniform annual payments, how much will each payment be?
- A. $16,578
- B. $16,380
- C. $16,273
- D. $15,937
Answer: C
NEW QUESTION 22
Money is value. Having money when you need it is very important. Money can also be valuable when used wisely by knowing when to spend and when to conserve Also, planning now for future expenses can be a plus to the company rather than a debit.
There are several ways to capitalize money and spending. Basically there is the single payment method that has a compound amount factor and a present worth factor. There is the uniform annual series that has a sinking fund factor, capital recovery factor and also the compound amount factor and present worth factor. At this point, we can assure money is worth 10%.
The following question requires your selection of CCC/CCE Scenario 7 (4.8.50.1.1) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
If $20,000 is invested at the end of each fiscal year for the next 10 years, how much would our total investment be worth assuming the interest is at 10%?
- A. $420,236
- B. $265,798
- C. $318,740
- D. $289,370
Answer: C
NEW QUESTION 23
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.
According to Maslow's hierarchy of needs, which level should be satisfied first?
- A. Ego-status
- B. Safety needs
- C. Self-actualization
- D. Physiological
Answer: D
NEW QUESTION 24
Which of the following best describes the concept of total cost management:
- A. A method of quantifying construction damages where the total job costs are subtracted from the original bid or estimate to determine the total cost amount for a claim
- B. The practices and processes utilized to manage the total life cycle cost investment in a portfolio of strategic assets
- C. An integrating process that maps the fields of practice of cost engineering without linking it to project management, resource management, or accounting
- D. A job cost system for ensuring all aspects of a particular manufacturing process are accumulated completely
Answer: C
NEW QUESTION 25 
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 estimated quantities?
- A. $26.78 to $75.00
- B. $45 to $530
- C. $485
- D. $48.22
Answer: B
NEW QUESTION 26
The latest allowable end time minus the earliest allowable end time on a schedule activity is referred to as:
- A. Total float
- B. Remaining duration
- C. Free float
- D. Just-in-time scheduling
Answer: A
NEW QUESTION 27
What is executed in connection with a contract and secures the performance and fulfillment of all the undertakings, covenants, terms, conditions and agreements contained in the contract?
- A. Liability insurance
- B. Surety bond
- C. Bid bond
- D. Performance bond
Answer: D
NEW QUESTION 28
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.
Resource planning must take all of the following into account except:
- A. Earned value techniques established for the project
- B. Time available to complete the project
- C. Types of materials, equipment and labor skills required to complete the project
- D. Cash flow (expenditures) limitations for completing work on the project
Answer: A
NEW QUESTION 29 
The following question requires your selection of CCC/CCE Scenario 4 (2.7.50.1.1) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
At the end of Year 4, the commodity which experienced the greatest projected percentage price index increase over today is:
- A. None of the above
- B. Copper
- C. Manufacturing labor
- D. Steel
Answer: C
NEW QUESTION 30
______________can be defined as the determination of that course of action or combination of alternatives that yields either the lowest cost or the highest profit.
- A. Simulation
- B. Economic optimization
- C. Dynamic programming
- D. Linear programming
Answer: C
NEW QUESTION 31
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.
Assuming a 53% tax rate, how much cumulative depreciation will have been claimed at the end of the grain elevator's life span?
- A. $37,600
- B. $80,000
- C. None
- D. $42,400
Answer: B
NEW QUESTION 32
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.
What is the "book value (BV) of the asset at the end of 5 years?
- A. $3,200
- B. $16,000
- C. $64,000
- D. $60,000
Answer: C
NEW QUESTION 33
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.
What class of estimate is used for the preliminary design phase of a project?
- A. Class 1 - order of magnitude with +30% / -30% accuracy
- B. Class 5 - order of magnitude estimate with +50% / -30% accuracy
- C. Class 4 - budget estimate with +30% / -15% accuracy
- D. Class 2 - definitive estimate with +15%/-5% accuracy
Answer: B
NEW QUESTION 34 
The following question requires your selection of CCC/CCE Scenario 2 (2.3.50.1.2) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
9,375 hours have been expended to date. Planned completion at this time is 75%. The project is determined to be 66% complete. What is the current schedule performance index (SPI)?
- A. 0.84
- B. 0.88
- C. 0.96
- D. 1.14
Answer: D
NEW QUESTION 35
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.
What is the 25 year after tax present worth of this project?
- A. $13,738
- B. $22,533
- C. $(22,533)
- D. $137,466
Answer: B
NEW QUESTION 36
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 relative frequency of unit costs from Atlanta, GA?
- A. $48.33
- B. $40.59
- C. 33.33%
- D. 0
Answer: C
NEW QUESTION 37
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.
Which of the following is least likely to improve a large earthmoving contractor's productivity?
- A. Using apprentice operators to save labor costs
- B. Starting summer work in the early morning hours to minimize work during peak heat periods of the day
- C. Remove underground hazards prior to excavation work
- D. Replacing old excavators with new, larger excavators
Answer: B
NEW QUESTION 38
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.
After an individual's safety needs are met, what needs would the individual be motivated to fulfill next in Maslow's hierarchy of needs?
- A. Self-actualization
- B. Belonging needs
- C. Knowledge
- D. Pay and compensation
Answer: B
NEW QUESTION 39
Which of the following is NOT a type of float?
- A. Total
- B. Free
- C. Negative
- D. Open end
Answer: D
NEW QUESTION 40
AACE International defines _____________as a technique of economic evaluation that sums over a given study period, the costs of initial investment, replacements, operations, and maintenance/repair; expressed in either present or annual value terms.
- A. Benefit/Cost ratio (B/C) method
- B. Life cycle costs method (LCC)
- C. Net present worth method
- D. Risk analysis
Answer: B
NEW QUESTION 41
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