QUESTION: 17

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?

3.0 cubic yards
2.0 cubic yards
3.5 cubic yards
2.5 cubic yards

Answer(s): D

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QUESTION: 18

A systematic coding structure for organizing and managing scope, assets, cost, resources, work and schedule activity information is a______________.

Cost breakdown structure
Code of accounts
Cost estimate classification
Schedule identification number

Answer(s): B

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QUESTION: 19

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

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
The practices and processes utilized to manage the total life cycle cost investment in a portfolio of strategic assets
A job cost system for ensuring all aspects of a particular manufacturing process are accumulated completely
An integrating process that maps the fields of practice of cost engineering without linking it to project management, resource management, or accounting

Answer(s): D

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AACE International defines _____________as a technique of economic evaluation that sums over a given study period, the costs of initial investment, replacements, operations, and maintenance/repair; expressed in either present or annual value terms.

Risk analysis
Benefit/Cost ratio (B/C) method
Net present worth method
Life cycle costs method (LCC)

Answer(s): D

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QUESTION: 17

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QUESTION: 20

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