Free Practice AACE AACE-CEP Exam Questions 2025

Stay ahead with 100% Free Certified Estimating Professional (CEP) AACE-CEP Dumps Practice Questions

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Total 297 Questions | Updated On: Apr 24, 2025

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Question 1

The documents needed for a quantity survey include:

A : Project drawings

B : Project specifications

C : General conditions

D : All the answers are correct

Answer: D

Question 2

External workshop moderators have all the following advantages except:

A : Big projects justify an external moderator

B : External moderators are in a better position to perform workshop follow-up

C : External moderators are a member of the project team

D : External moderators can be objective in the implementation of the risk workshop

Answer: C

Question 3

If the owner and contractor cannot come to agreement on the cost and terms of the change order, the reasonable solution is ….....................

A : The contractor should sue the owner

B : Stop the project

C : Arbitration

D : The owner should sue the contractor

Answer: C

Question 4

In a manufacturing operation, at 100 percent of capacity, annual costs are as follows: Fixed expenses $5,203,440Variable expenses $7,091,040Semi-variable expenses $6,217,750Sales $26,385,480Given that semi-variable expenses at zero production equal 30% of such expenses at 100% of capacity, the respective shutdown and break-even points would be:

A : 12.5% shutdown point and 36.6% break-even point

B : Cannot be determined from the given information

C : 47.3% shutdown point and 12.5% break-even point

D : 12.5% shutdown point and 47.3% break-even point

Answer: D

Question 5

Which of the following is not an example of a variable?

A : Size

B : Weight

C : Shape

D : Stamping tool

Answer: D

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Total 297 Questions | Updated On: Apr 24, 2025

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