Test Prep CCE-CCC Online Practice Questions and Exam Preparation

Test Prep CCE-CCC Online Questions & Answers

• Question 1:

  Money is value. Having money when you need it is very important. Money can also be valuable when used wisely by knowing when to spend and when to conserve Also, planning now for future expenses can be a plus to the company rather

  than a debit.

  There are several ways to capitalize money and spending. Basically there is the single payment method that has a compound amount factor and a present worth factor. There is the uniform annual series that has a sinking fund factor, capital

  recovery factor and also the compound amount factor and present worth factor. At this point, we can assure money is worth 10%.

  The following question requires your selection of CCC/CCE Scenario 7 (4.8.50.1.1) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses. Five years from now it is required the company have $100,000. How much money should be invested at the end of each year to reach this?

  A. $15,937
  B. $15,397
  C. $16,380
  D. $13,168
  C. $16,380

• Question 2:

  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. $2,688
  D. $2,697
  A. $2,424

• Question 3:

  

  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?

  A. 9,979
  B. 10,586
  C. 11,052
  D. 9,559
  D. 9,559

• Question 4:

  

  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, copper prices will have increased by what percentage over today's price?

  A. 4.6%
  B. 3.5%
  C. 6.6%
  D. 2.5%
  D. 2.5%

• Question 5:

  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?

  A. Belonging needs
  B. Safety needs
  C. Power needs
  D. Self-actualization
  D. Self-actualization

• Question 6:

  

  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)?

  A. 0.96
  B. 0.84
  C. 1.14
  D. 0.88
  C. 1.14

• Question 7:

  

  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 Year 4, the commodity which experienced the greatest projected percentage price index increase over today is:

  A. None of the above
  B. Manufacturing labor
  C. Steel
  D. Copper
  B. Manufacturing labor

• Question 8:

  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?

  A. None
  B. $42,400
  C. $37,600
  D. $80,000
  D. $80,000

• Question 9:

  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. Rate of return
  B. Annual Dividends
  C. Total assets
  D. Annual sales
  A. Rate of return

• Question 10:

  When a person hears the words being said to him/her, but does not receive the message of the words, it is called

  A. Reflective listening
  B. Judgmental listening
  C. Passive listening
  D. Directive listening
  C. Passive listening