1 Company expenses such as auditing costs, supervision, office supplies, building rent and maintenance are elements of the:
A Capital budgeting process.
B Overhead rates.
C Contracts and administration costing system.
D Fringe benefits packages.
E None of the above. www.Ｅxamda.CoM
ans:B
2 Management reserves are normally defined as a % of the total budget. As a project progresses, the project manager wants the $ value of management reserve to _____, whereas the customer wants the management reserve to _____.
A Increase, increase.
B Increase, decrease.
C Decrease, decrease.
D Decrease, increase.
E Remain the same, return to customer.
ans:E
3 The most effective means of determining the cost of a project is to price out the _____.
A Work breakdown structure.
B Linear responsibility chart. 来源：考试大
C Project charter.
D Scope statement.
E Management plan.
ans:A
4 The most expensive phase of life cycle costing is:
A R & D.
B Applied research.
C Production
D Operations and support.
E Termination.
ans:D
5 A _____ estimate prepared from layouts, sketches and flowsheets, should be accurate within (-10, +25%).
A Parametric
B Definitive.
C Budget
D Bottom up.
E Top down.
ans:C
6 The most precise or accurate estimate for determining project costs is the _____ estimate.
A Definitive.
B Analogy
C Budget
D Modified standards.
E Rule of thumb.
ans:A
7 Statistical cost estimating techniques (based upon history), are called _____ estimates and are a _____ approach.
A Definitive, bottom up.
B Analogy, top down.
C Parametric, bottom up.
D Parametric, top down. www.Ｅxamda.CoM
E Analogy, bottom up.
ans:D
8 A(n) _____ system is designed to ensure the timely availability of nonhuman resources, and includes the cost in procurement, shipping/freight, storage and loss.
A Inventory control.
B Materials management.
C Procurement.
D All of the above.
E A and C only.
ans:B
9 There are two major types of reserves used on projects. The _____ is for (usually major) scope changes that were not considered as part of the original plan, whereas the _____ is to compensate for minor changes in estimating, escalation factors.
A Management reserve, unplanned allowance fund.
B Management reserve, contingency.
C Contingency fund, management reserve.
D Unplanned allowance fund, budgetary reserve.
E Unplanned reserve, planned reserve.
ans:C
10 Project cash reserves are often used for adjustment in escalation factors which may be beyond the control of the project manager. Other than possibly financing (interest) costs and taxes, the three most common escalation factors involve changes in:
A Overhead rates, labor rates and material costs.
B Overhead rates, schedule slippages, and rework.
C Rework, cost-of-living adjustments, and overtime.
D Material costs, shipping cost, and scope changes.
E Labor rates, material costs, and cost reporting.
ans:A
11 The three most common types of project cost estimates are:
A Order of magnitude, parametric, and budget.
B Parametric, definitive and top down.
C Order of magnitude, definitive and bottom up.
D Order of magnitude, budget and definitive.
E Analogy, parametric and top down.
ans:D
12 The work breakdown structure, the work packages, and the company's accounting system are tied together through the:
A Code of accounts.
B Overhead rates.
C Budgeting system.
D Capital budgeting process.
E All of the above.
ans:A

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