Aace International pass4future aace Ccp New Questions by Brielle q115 vce pdf

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Exam Name:	Certified Cost Professional (CCP) Exam
Exam Code:	CCP Dumps
Vendor:	AACE International	Certification:	AACE Certification
Questions:	189 Q&A's	Shared By:	brielle

Question 40

Which of the following best describes the concept of total cost management:

Options:

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

The practices and processes utilized to manage the total life cycle cost investment in a portfolio of strategic assets

A job cost system for ensuring all aspects of a particular manufacturing process are accumulated completely

An integrating process that maps the fields of practice of cost engineering without linking it to project management, resource management, or accounting

Discussion

Question 41

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 thedesign 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, giving the employees an award that acknowledges their achievements is most likely to satisfy which level of need?

Options:

Belonging needs

Safety needs

Power needs

Self-actualization

Discussion

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Question 42

Two of the most important things to know when planning a speech or lecture are the ______________and______________ of your audience.

Options:

Motivation, professionalism

Background, attitude

Political preference, sense of humor

Culture, understanding

Discussion

Question 43

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:

Options:

Capital reduction

Net loss

Depreciation

Depletion