AACE CCP Certified Cost Professional (CCP) Exam Online Training
AACE CCP Online Training
The questions for CCP were last updated at Feb 20,2025.
- Exam Code: CCP
- Exam Name: Certified Cost Professional (CCP) Exam
- Certification Provider: AACE
- Latest update: Feb 20,2025
______________can be defined as the determination of that course of action or combination of alternatives that yields either the lowest cost or the highest profit.
- A . Economic optimization
- B . Simulation
- C . Linear programming
- D . Dynamic programming
A bond that guarantees the bidder will enter into a contract on the basis of his/her bid is referred to as:
- A . Surety bond
- B . Performance bond
- C . Bid bond
- D . Liability bond
An effort by a prime contractor to reduce the price quoted by a vendor, by providing the bid price to other vendors in an attempt to get the other vendors to underbid the original price quoted is referred to as:
- A . Costing
- B . Cost-price analysis
- C . Bid shopping
- D . Negotiating a best and final offer
What is executed in connection with a contract and secures the performance and fulfillment of all the undertakings, covenants, terms, conditions and agreements contained in the contract?
- A . Liability insurance
- B . Performance bond
- C . Bid bond
- D . Surety bond
Productivity increases with time. This improvement is commonly associated with improvements in efficiency brought about by increased experience and skill levels.
What does this scenario describe?
- A . Productivity efficiency factor
- B . Value engineering
- C . Cash flow
- D . The learning curve
A contract clause that provides the owner with the right to terminate the contract irrespective of the general contractor’s liability is:
- A . Termination of contract – convenience
- B . Termination of contract – default
- C . Substantial completion
- D . Breach of contract
The purpose of a communication must be understood by ____________ if the message is to be clear to the
- A . Workers; management
- B . The speaker; the receiver
- C . Management; workers
- D . The receiver; the speaker
Meetings require:
- A . Goals, an agenda, preparation, relevant discussions, support for your actions and to consider the total physical and human setting of the meeting
- B . Goals, an agenda, preparation, conclusions, control and conversations that are relevant
- C . Goals, an agenda, preparation, control, good listening skills and relevant discussions
- D . Goals, an agenda, flipchart, computer projector, laser pointer and consulting with others where appropriate
The goal of listening is to:
- A . Analyze what the speaker is saying
- B . Find out what is going on
- C . Have time to formulate your thoughts on the subject
- D . Improve communication
Some of the principles of good communication are:
- A . 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
- B . 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
- C . 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
- D . The social process by which people in a specific situation construct meaning using symbolic behavior
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