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NEW QUESTION 48
Which of the following is NOT an aspect of quality management?
- A. Quality assurance
- B. Quality planning
- C. Quality checking
- D. Quality control
Answer: C
NEW QUESTION 49
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 50 
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.
If steel costs $1800/ton at the end of Year 3, what is the price of steel at the end of Year 4?
- A. $1890/ton
- B. $1836/ton
- C. $1863/ton
- D. $1948/ton
Answer: B
NEW QUESTION 51
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.
All of the following are included in "income tax" calculations except:
- A. Depreciation
- B. Annual expenditures
- C. Initial cost of investment
- D. Annual income
Answer: C
NEW QUESTION 52 
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 53 
The following question requires your selection of CCC/CCE Scenario 28 (3.7.50.1.7) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
A reason for using a Construction Manager type agreement is:
- A. To better coordinate contractors and subcontractors as in Type B
- B. To better coordinate subcontractors
- C. To better coordinate contractors
- D. Coordinate the owner and engineer as in Type A
Answer: D
NEW QUESTION 54
If you deposit $100 per month for two (2) years and earn interest at 12% APR (Annual Percentage Rate) compounded monthly, how much will you have at the end of the period?
- A. $2,424
- B. $2,688
- C. $2,697
- D. $2,976
Answer: A
NEW QUESTION 55
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.
You are reporting on a roadway project, which was estimated to be 10 miles of road. It was scheduled to be completed in 16 weeks, which is this week. According to your calculations, the project has a schedule performance index of 0.80. What would you advise the management about the scheduled completion date?
- A. Project will be completed in 20 more weeks
- B. Project will be completed this week - on schedule
- C. Project will be completed in 12.8 more weeks
- D. Project will be completed in 4 more weeks
Answer: D
NEW QUESTION 56
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.
Cost engineers who feel completely satisfied and fulfilled by their work as part of a project team are said to have reached the ______________ stage of Maslow's hierarchy of needs.
- A. Belonging needs
- B. Self-actualizations
- C. Need satisfaction
- D. Esteem
Answer: B
NEW QUESTION 57 
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 58
The process of stating goals and determining the most effective way of reaching them is the definition for:
- A. Mission Statement
- B. Implementing
- C. Planning
- D. Managing
Answer: C
NEW QUESTION 59
In order to withdraw $400 at the end of each year for seven years, what amount should be deposited at 6.0% interest to leave nothing in the fund at the end of seven years?
- A. $3,357
- B. $2,483
- C. $2,968
- D. $2,233
Answer: D
NEW QUESTION 60
A bond that guarantees the bidder will enter into a contract on the basis of his/her bid is referred to as:
- A. Performance bond
- B. Bid bond
- C. Surety bond
- D. Liability bond
Answer: B
NEW QUESTION 61
Which of the following is NOT a type of float?
- A. Total
- B. Free
- C. Negative
- D. Open end
Answer: D
NEW QUESTION 62
____________is defined as the earned work hours or dollars for all accounts divided by the budgeted work hours or dollars for all accounts.
- A. Forecast
- B. Cost to complete
- C. Percent complete
- D. Earned value
Answer: C
NEW QUESTION 63
Some of the principles of good communication are:
- A. Tell the other person what to do; give insincere praise; psychoanalyze the other person; make light of a serious problem; do not gain the trust of anyone; always have a hidden agenda
- B. The social process by which people in a specific situation construct meaning using symbolic behavior
- C. Seek to clarify your ideas before communicating; examine the true purpose of each communication; consider the total physical and human setting whenever you communicate; be mindful, while you communicate, of the overtones as well as the basic content of the message
- D. Use short words; avoid jargon; avoid acronyms and abbreviations; use complete sentences; have a beginning, middle and end; be accurate; be interested in what topic is being communicated
Answer: D
NEW QUESTION 64
A work breakdown structure (WBS) is developed because:
- A. It can be illustrated by a simple bar, with important milestones represented by symbols at the planned time of occurrence
- B. It can be illustrated by individual bars for major phases, such as permitting, funding, engineering, procurement construction, commission/startup
- C. It defines specific tasks within a project from which schedules can be developed; it aids in linking activities with resources; it facilitates communication; and it allows integration of project plans
- D. It avoids omissions of key product activities through a systematic planning process; removes the complexity of the project by dividing it into manageable units; and provides a framework.
Answer: C
NEW QUESTION 65 
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.
10,278 hours have been expended to date. The CPI at this point in time is 0.93. SPI is
1.03. How many hours have been earned?
- A. 11,052
- B. 9,979
- C. 9,559
- D. 10,586
Answer: C
NEW QUESTION 66
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 67
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.
Which of the following is considered a measure of profitability?
- A. Rate of return
- B. Annual Dividends
- C. Total assets
- D. Annual sales
Answer: A
NEW QUESTION 68
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