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NEW QUESTION 13
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.
The following question requires your selection of CCC/CCE Scenario 26 (2.5.50.1.2) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
What class of estimate is used for the preliminary design phase of a project?
- A. Class 1 - order of magnitude with +30% / -30% accuracy
- B. Class 2 - definitive estimate with +15%/-5% accuracy
- C. Class 5 - order of magnitude estimate with +50% / -30% accuracy
- D. Class 4 - budget estimate with +30% / -15% accuracy
Answer: C
NEW QUESTION 14
A schedule's late dates are calculated during the:
- A. Loop calculations
- B. Float
- C. Backward pass
- D. Forward pass
Answer: C
NEW QUESTION 15
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.
After an individual's safety needs are met, what needs would the individual be motivated to fulfill next in Maslow's hierarchy of needs?
- A. Pay and compensation
- B. Self-actualization
- C. Belonging needs
- D. Knowledge
Answer: C
NEW QUESTION 16 
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. $40.59
- B. $48.33
- C. 0
- D. 33.33%
Answer: D
NEW QUESTION 17
The written word is often more useful than the spoken. Guidelines for writing include:
- A. Explain, report, describe, clarify, define and demonstrate
- B. Organize the background information; state the problem list the options or alternatives; state the recommendation (s); conclude and summarize with why the recommendation is the best way to proceed
- C. Follow an outline; allow some time for "cooling" after compiling the draft before revising; when revising, allow plenty of time for several sessions
- D. Use short sentences; use short words; avoid jargon and abbreviations; use complete sentences; stick to one idea per paragraph; have a beginning, middle and end; be accurate
Answer: B
NEW QUESTION 18
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.
In Rensis1 4 model system, the exploitative-authoritative management style is one in which:
- A. Informal organizations generally support the goals of the formal organization
- B. Management makes most decisions and passes them down
- C. Management has a lot of confidence in the employees
- D. Management issues orders, but employees have some freedom to comment
Answer: B
NEW QUESTION 19
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, which level should be satisfied first?
- A. Self-actualization
- B. Safety needs
- C. Physiological
- D. Ego-status
Answer: C
NEW QUESTION 20
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. Annual sales
- B. Total assets
- C. Annual Dividends
- D. Rate of return
Answer: D
NEW QUESTION 21
______________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. Linear programming
- B. Simulation
- C. Economic optimization
- D. Dynamic programming
Answer: D
NEW QUESTION 22
What is a basic element of work or a task that must be performed over a given period of time in order to complete a project called?
- A. Resource
- B. Activity
- C. Commodity
- D. WBS element
Answer: B
NEW QUESTION 23
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.
Depreciation (in the United States) is calculated in accordance with which of the following?
- A. Generally Accepted Accounting Practices (GAAP)
- B. Accelerated Cost Recovery System (ACRS)
- C. The Federal IRS Reform Act (FIRSRA)
- D. Modified Accelerated Cost Recovery System (MACRS)
Answer: B
NEW QUESTION 24 
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. Coordinate the owner and engineer as in Type A
- C. To better coordinate subcontractors
- D. To better coordinate contractors
Answer: B
NEW QUESTION 25
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. $2,976
- C. $2,697
- D. $2,688
Answer: A
NEW QUESTION 26 
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.
At the end of 30 months, the final price for the piece of equipment will be:
- A. $378,750
- B. $370,710
- C. $375,658
- D. $328,810
Answer: C
NEW QUESTION 27
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. $1863/ton
- B. $1890/ton
- C. $1948/ton
- D. $1836/ton
Answer: D
NEW QUESTION 28
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.
Calculate the mean unit cost.
- A. $48.22
- B. $48.35
- C. $48.09
- D. $46.59
Answer: D
NEW QUESTION 29
____________ is defined as covering work whose component activities are less defined and whose interrelationships are conditional.
- A. Deductive logic
- B. Soft logic
- C. Hard logic
- D. Inductive logic
Answer: B
NEW QUESTION 30
_____________is defined as the budget for the cost (work) account times the percent complete for that account.
- A. Earned value
- B. Forecast
- C. Cost to complete
- D. Percent complete
Answer: A
NEW QUESTION 31
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)?
- A. $70,000
- B. $82,000
- C. $78,000
- D. $75,000
Answer: D
NEW QUESTION 32
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 would NOT be considered part of a project cost and schedule forecast?
- A. Changes to the project execution plan
- B. Usage of contingency
- C. Peripherals report
- D. Current trends of time and money
Answer: C
NEW QUESTION 33
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.
The project scheduler left the company and has left unfinished work. You have been hired as the new project scheduler and must update the existing schedule. What will be your first task?
- A. Recalculate the early start for each activity
- B. Recalculate the early finish for each activity
- C. Update the remaining duration for each activity
- D. Recalculate the critical path
Answer: D
NEW QUESTION 34
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.
Fred Fiedler's contingency model suggests that:
- A. Successful leadership depends upon a good match
- B. Leadership styles are just the opposite of the managerial grid model
- C. A relationship oriented leader described the least preferred worker in an unfavorable light
- D. Successful leadership can always be imposed by experienced supervision
- E. between the style of the leader and the demands of the situation
Answer: E
NEW QUESTION 35
Listening to what is being said by all members of a group or audience and then summarizing or interpreting is called______________.
- A. Non-listening
- B. Directive listening
- C. Facilitative listening
- D. Visual listening
Answer: B
NEW QUESTION 36
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