Reliable CCP Exam Camp - Reliable CCP Exam Sims
Reliable CCP Exam Camp - Reliable CCP Exam Sims
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Even if you spend a small amount of time to prepare for CCP certification, you can also pass the exam successfully with the help of 2Pass4sure AACE International CCP braindump. Because 2Pass4sure exam dumps contain all questions you can encounter in the actual exam, all you need to do is to memorize these questions and answers which can help you 100% pass the exam. This is the royal road to Pass CCP Exam. Although you are busy working and you have not time to prepare for the exam, you want to get AACE International CCP certificate. At the moment, you must not miss 2Pass4sure CCP certification training materials which are your unique choice.
How to Prepare For AACE-International CCP: Certified Cost Professional (CCP) Exam
Preparation Guide for AACE-International CCP: Certified Cost Professional (CCP) Exam
Introduction
AACE International, the Association for Cost Engineering Advancement, administers the Certified Cost Professional (CCP) exam. In 1959, cost estimators and cost engineers established AACE International during the organizational conference of the American Association of Cost Engineering in Durham, New Hampshire, in 1956. (Association for the Advancement of Cost Engineering). AACE is located in Morgantown, West Virginia, USA, International Headquarters. AACE is a non-profit specialist organization. AACE Global is a participant of the Technical Specialty Boards and Engineering Council (CESB). AACE now runs eight qualification programs. The agreement and the passage of an assessment to comply with the ethical canons. Most of them need prior industrial experience and may recertify through ongoing training or re-examination. The Council of Engineering and Scientific Specialty Boards has recognized six of these certificates (CESB).
This test guide is designed to help achieve the highest possible degree of AACE specialty accreditation. It will enable you to understand the scope of the AACE-International CCP: Certified Cost Professional (CCP) Exam and help you to prepare for it successfully by making use of the provided CCP exam dumps. This guide contains information on the audience of the certification test, suggested preparation and documentation and a complete set of examination objectives, to help you get a passing score. To increase your chances of passing the test, AACE strongly recommends a mix of on-the-job experience, course attendance, and self-study, and taking the CCP Practice Exams.
Reliable CCP Exam Sims & Valid Dumps CCP Sheet
Certified Cost Professional (CCP) Exam (CCP) certification exams are a great way to analyze and evaluate the skills of a candidate effectively. Big companies are always on the lookout for capable candidates. You need to pass the Certified Cost Professional (CCP) Exam (CCP) certification exam to become a certified professional. This task is considerably tough for unprepared candidates however with the right CCP prep material there remains no chance of failure.
AACE International Certified Cost Professional (CCP) Exam Sample Questions (Q59-Q64):
NEW QUESTION # 59
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 weighted average unit cost.
- A. $48.09
- B. $48.35
- C. $47.63
- D. $46.13
Answer: C
Explanation:
The weighted average unit cost takes into account both the cost and the quantity:
Weighted Average=∑(Unit Cost×Quantity)∑Quantitiestext{Weighted Average} = frac{sum (text{Unit Cost} times text{Quantity})}{sum text{Quantities}}Weighted Average=∑Quantities∑(Unit Cost×Quantity) Multiplying each unit cost by the respective quantity:
(55.00×147)+(34.50×143)+(37.30×462)+(55.00×530)+(40.00×308)+(26.78×45)+(46.59×256)+(75.00×176)+(65.00×80)(55.00 times 147) + (34.50 times 143) + (37.30 times 462) + (55.00 times 530) + (40.00 times 308) + (26.78 times 45) + (46.59 times 256) + (75.00 times 176) + (65.00 times 80)(55.00×147)+(34.50×143)+(37.30×462)+(55.00×530)+(40.00×308)+(26.78×45)+(46.59×256)+(75.00×176)+(65.00×80) Summing these and dividing by the total quantity:
Weighted Average=20941.6+4933.5+17247.6+29150.0+12320.0+1205.1+11926.1+13200.0+5200.02147text{Weighted Average} = frac{20941.6 + 4933.5 + 17247.6 + 29150.0 + 12320.0 + 1205.1 + 11926.1 + 13200.0 + 5200.0}{2147}Weighted Average=214720941.6+4933.5+17247.6+29150.0+12320.0+1205.1+11926.1+13200.0+5200.0 This gives a weighted average of approximately $47.63, making B. $47.63 the correct answer.
NEW QUESTION # 60
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%.
A good description of quantitative data would be as follows:
- A. Quantitative data is a subset of data randomly selected from a population; the size of a sample is usually denoted by n.
- B. There is no difference between Qualitative data and Quantitative data
- C. Quantitative data can be categorized or summarized.
- D. Quantitative data can be described graphically or numerically.
Answer: D
Explanation:
Quantitative data refers to data that can be measured and expressed numerically. This type of data is often described using statistical methods, graphs, charts, and numerical summaries. It is distinct from qualitative data, which is descriptive and categorical. Thus, the most accurate description is that Quantitative data can be described graphically or numerically.
NEW QUESTION # 61
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. Risk analysis
- C. Life cycle costs method (LCC)
- D. Net present worth method
Answer: C
Explanation:
AACE International defines the Life Cycle Costs (LCC) method as an economic evaluation technique that sums all costs over a given study period, including initial investment, replacements, operations, and maintenance/repair, expressed in either present or annual value terms. This method is crucial in assessing the total cost of ownership of an asset, allowing decision-makers to consider all costs associated with an asset throughout its entire life cycle.
Option A: Risk analysis involves assessing potential risks and their impacts, not economic evaluation of life cycle costs.
Option B: Benefit/Cost ratio (B/C) method is a method of comparing the benefits of a project to its costs, not a summation of all life cycle costs.
Option C: Net present worth method focuses on the present value of future cash flows, but does not encompass the entire life cycle cost.
Thus, D. Life cycle costs method (LCC) is the correct answer as it directly aligns with the definition provided by AACE International.
NEW QUESTION # 62
____________ is defined as covering work whose component activities are less defined and whose interrelationships are conditional.
- A. Deductive logic
- B. Hard logic
- C. Inductive logic
- D. Soft logic
Answer: D
NEW QUESTION # 63
The goal of listening is to:
- A. Find out what is going on
- B. Analyze what the speaker is saying
- C. Improve communication
- D. Have time to formulate your thoughts on the subject
Answer: C
NEW QUESTION # 64
......
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