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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 16

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.
If $100,000 is needed to purchase a piece of equipment 3 years from now, how much money needs to be invested today assuming a 10% rate of return (rounded to the nearest thousand)?

Correct Answer: C
To determine how much money needs to be invested today to reach $100,000 in 3 years with a 10% rate of return, you use the present value formula:
PV=FV(1+i)nPV = \frac{FV}{(1 + i)^n}PV=(1+i)nFV​
Where:
PVPVPV is the present value
FVFVFV is the future value ($100,000)
iii is the interest rate (10% or 0.10)
nnn is the number of periods (3 years)
PV=100,000(1+0.10)3=100,0001.331≈75,131PV = \frac{100,000}{(1 + 0.10)^3} = \frac{100,000}{1.331} \approx 75,131PV=(1+0.10)3100,000​=1.331100,000​≈75,131
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Question 17

If a project is said to be on a "fast track program/' the fast track method is:

Correct Answer: D
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Question 18

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.
If the owner in A has a primary goal of completion within budget, the following contract types with the engineer/contractor would be best:

Correct Answer: D
If the owner's primary goal is completion within budget, a fixed price contract for both the engineer and the contractor is the best option. This contract type ensures that the costs are controlled, and there is less risk of budget overruns since both the engineer and the contractor are incentivized to work within the agreed budget. Therefore, the correct answer is D. Engineer - fixed price, contractor fixed price.
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Question 19

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?

Correct Answer: B
Given Data:
Hours expended: 10,278 hours
CPI (Cost Performance Index): 0.93
SPI (Schedule Performance Index): 1.03
To calculate Earned Hours:
Earned Value (EV) can be calculated using the formula: EV=AC×CPI\text{EV} = \text{AC} \times \text{CPI}EV=AC×CPI However, since the question asks for hours earned rather than monetary values, we interpret "earned hours" as: Earned Hours=Hours Expended×SPI\text{Earned Hours} = \text{Hours Expended} \times \text{SPI}Earned Hours=Hours Expended×SPI Therefore: Earned Hours=10,278×1.03≈10,586 hours\text{Earned Hours} = 10,278 \times 1.03 \approx 10,586 \text{ hours}Earned Hours=10,278×1.03≈10,586 hours
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Question 20

The purpose of a communication must be understood by ____________ if the message is to be clear to the

Correct Answer: D
For effective communication, the purpose of a communication must be understood by the receiver for the message to be clear. Communication is a two-way process where the speaker conveys a message and the receiver interprets it. The clarity of the communication is determined by how well the receiver understands the intended message. Miscommunication often occurs when the receiver's interpretation does not match the speaker's intent, highlighting the importance of clear, concise, and well-structured communication in any context, especially in project management and team coordination.
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