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. WBS element

B. Activity

C. Resource

D. Commodity

Which of the following best describes the concept of total cost management:

A. A method of quantifying construction damages where the total job costs are subtracted from the original bid or estimate to determine the total cost amount for a claim

B. The practices and processes utilized to manage the total life cycle cost investment in a portfolio of strategic assets

C. A job cost system for ensuring all aspects of a particular manufacturing process are accumulated completely

D. An integrating process that maps the fields of practice of cost engineering without linking it to project management, resource management, or accounting

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

Two of the most important things to know when planning a speech or lecture are the ______________and______________ of your audience.

A. Motivation, professionalism

B. Background, attitude

C. Political preference, sense of humor

D. Culture, understanding

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. What is the cost of manufacturing labor for the piece of equipment today?

A. $140,000

B. $875,000

C. $210,000

D. $105,000

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. 3

C. $48.33

D. 33.33%

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.

Cost engineers who feel completely satisfied and fulfilled by their work as part of a project team are said to have reached the ______________ stage of Maslow's hierarchy of needs.

A. Need satisfaction

B. Belonging needs

C. Self-actualizations

D. Esteem

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. Leadership styles are just the opposite of the managerial grid model

B. Successful leadership depends upon a good match

C. between the style of the leader and the demands of the situation

D. Successful leadership can always be imposed by experienced supervision

E. A relationship oriented leader described the least preferred worker in an unfavorable light

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. Modified Accelerated Cost Recovery System (MACRS)

B. The Federal IRS Reform Act (FIRSRA)

C. Generally Accepted Accounting Practices (GAAP)

D. Accelerated Cost Recovery System (ACRS)

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 $50 was invested at 6.0% on January 1, year 1, what would be the value of year-end withdrawals made in equal amounts each year for 10 years and leaving nothing in the fund after the tenth withdrawal?

A. $6.80

B. $3.10

C. $5.35

D. $2.22