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  1. Home
  2. AACE International Certification
  3. CCP Exam
  4. AACEInternational.CCP.v2025-03-10.q100 Dumps
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Question 1

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 cost performance index (CPI)?

Correct Answer: B
The Cost Performance Index (CPI) is calculated using the formula:
CPI=Earned Value (EV)Actual Cost (AC)\text{CPI} = \frac{\text{Earned Value (EV)}}{\text{Actual Cost (AC)}}CPI=Actual Cost (AC)Earned Value (EV)​ Where:
EV (Earned Value) is the percentage of completion multiplied by the total budgeted hours.
AC (Actual Cost) is the total hours expended.
Given:
Total Budgeted Hours = 12,000 hours
Percent Complete = 66%
Actual Hours Expended (AC) = 9,375 hours
EV=12,000×0.66=7,920 hours\text{EV} = 12,000 \times 0.66 = 7,920 \text{ hours}EV=12,000×0.66=7,920 hours CPI=7,9209,375≈0.84\text{CPI} = \frac{7,920}{9,375} \approx 0.84CPI=9,3757,920​≈0.84 So, the correct answer is B. 0.84.
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Question 2

Budgeted cost of work scheduled is all of the following except:

Correct Answer: B
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Question 3

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

Correct Answer: A
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Question 4

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

Correct Answer: D
An award acknowledging employees' achievements is being given.
Maslow's Hierarchy of Needs:
The hierarchy includes five levels: Physiological, Safety, Belongingness, Esteem, and Self-actualization.
Awards and recognition typically fulfill Esteem needs, which include self-respect, achievement, and the respect of others.
Answer : D. Self-actualization
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Question 5

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?

Correct Answer: D
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