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Certified Cost Professional (CCP) Exam

Last Update Dec 25, 2024
Total Questions : 189 With Methodical Explanation

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Last Update Dec 25, 2024
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PSP Total Questions : 163 Updated : Dec 25, 2024

Certified Cost Professional (CCP) Exam Questions and Answers

Questions 1

Which of the following is used for measuring productivity loss?

Options:

A.

Central limit theorem

B.

Value engineering

C.

Earned formula

Questions 2

CCP Question 2

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.

Given a unit price contract between the owner and contractor, each assumes the following:

Options:

A.

Bid unit rate, owner quantities can exceed estimate range Contractor can perform above

B.

Bid unit rate, owner quantities are within estimate range

C.

Contractor can perform at or below bid unit rate, owner quantities can exceed estimate range

D.

Contractor can perform at or below bid unit rate, owner quantities are within estimate range

Questions 3

An American company plans to acquire a new press machine from a Dutch manufacturer under the following conditions. One question remaining to be answered is the expected amount of capital recovery when salvage is accounted for.

CCP Question 3

The following question requires your selection el Scenario 1.4.150 from the right side of your split screen. using the drop down menu to reference during your response/choice of responses.

Based on your analysis, should the press be purchased?

Options:

A.

CR is not a factor in this decision

B.

Not enough data to determine

C.

No

D.

Yes