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AACE International CCP Exam Questions - Navigate Your Path to Success

The AACE International Certified Cost Professional (CCP) Exam (CCP) exam is a good choice for CCP Cost Engineers CCP Project Managers and if the candidate manages to pass AACE International Certified Cost Professional (CCP) Exam, he/she will earn AACE International CCP Certification. Below are some essential facts for AACE International CCP exam candidates:

  • In actual AACE International Certified Cost Professional (CCP) Exam (CCP) exam, a candidate can expect 119 Questions and the officially allowed time is expected to be around 300 Minutes.
  • TrendyCerts offers 189 Questions that are based on actual AACE International CCP syllabus.
  • Our AACE International CCP Exam Practice Questions were last updated on: Mar 10, 2025

Sample Questions for AACE International CCP Exam Preparation

Question 1

A used concrete pumping truck can be purchased for $125,000. The operation costs are expected to be $65,000 the first year and increase 5% each year thereafter. As a result of the purchase, the company will see an increase in income of $100,000 the first year and 5% more each subsequent year. The company uses straight-line depreciation. The truck will have a useful life of five (5) years and no salvage value. Management would like to see a 10% return on any investment. The company's tax rate is 28%.

Student will receive scholarship when the GPA is within top 2%. The mean GPA is 2.8 and standard deviation is 0.5.

How high must the GPA be to qualify for the scholarship?

Correct : A

To find the GPA that qualifies for the top 2%, we use the inverse of the standard normal distribution (Z-table). The Z-score corresponding to the top 2% is approximately 2.05. Given the mean GPA is 2.8 with a standard deviation of 0.5, we calculate the threshold GPA as follows:

GPA=+Z=2.8+2.050.5=2.8+1.025=3.62\text{GPA} = \mu + Z \times \sigma = 2.8 + 2.05 \times 0.5 = 2.8 + 1.025 = 3.62GPA=+Z=2.8+2.050.5=2.8+1.025=3.62

Thus, a GPA of 3.62 is needed to qualify for the scholarship.


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Question 2

Which of the following is a common technique to approximate the standard deviation?

Correct : A

A common technique to approximate the standard deviation, especially in cases where you only have access to the range of data, is to use the formula Range/4. This method provides a rough estimate of the standard deviation when the data distribution is approximately normal.


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