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Sample Questions

Question No 1:
A bond that guarantees the bidder will enter into a contract on the basis of his/her bid is referred
to as?
A.
B.
C.
D.

Surety bond
Performance bond
Bid bond
Liability bond

Answer: C
Question No 2:
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 interest rates disregards the effects of compounding periods that occur
more frequent than annually?
A.
B.
C.
D.

Continuous compounding rate

Simple interest rate
Minimum attractive rate of return
Nominal interest rate

Answer: D
Question No 3:
What do you call a person authorized to represent another (the principal) in some capacity?
He/she can only act within this capacity or "scope of authority" to bind the principal.
A. Engineer
B. Alternate
C. Project Manager
D. Agent

Answer: D

Question No 4:
A concrete slab measuring 10 feet wide by 13.5 feet long by 6 inches deep is to be installed.
How many cubic yards of concrete will be required?
A. 3.0 cubic yards
B. 2.0 cubic yards
C. 3.5 cubic yards
D. 2.5 cubic yards

Answer: D
Question No 5:
The process of stating goals and determining the most effective way of reaching them is the
definition for:
A.
B.
C.
D.

Implementing
Mission Statement
Managing
Planning

Answer: D
Question No 6:
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 ncome 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.
B.
C.
D.

$78,000
$70,000
$75,000
$82,000

Answer: C

Question No 7:
The goal of listening is to:
A.
B.
C.
D.

Analyze what the speaker is saying

Find out what is going on
Have time to formulate your thoughts on the subject
Improve communication

Answer: D
Question No 8:
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.
You are reporting on a roadway project, which was estimated to be 10 miles of road. It was
scheduled to be completed in 16 weeks, which is this week. According to your calculations, the
project has a schedule performance index of 0.80. What would you advise the management about
the scheduled completion date?
A.
B.
C.
D.

Project will be completed in 20 more weeks

Project will be completed this week - on schedule
Project will be completed in 4 more weeks
Project will be completed in 12.8 more weeks

Answer: C
Question No 9:
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. Why is a +/- notation necessary when developing an estimate?

A.
B.
C.
D.

Contingency cushion
It makes up for the lack of time to develop a real estimate
It is a government requirement
There are unknowns that affect the final cost of a project

Answer: D
Question No 10:
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.
B.
C.
D.

Costing
Cost-price analysis
Bid shopping
Negotiating a best and final offer

Answer: C

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