CPPB (All Accurate)

budgeting correct answers the allocation of scarce resources among competing demands allotment correct answers controls the rate of spending authorized by an appropriation allocation correct answers controls specific use of the monies appropriated cash basis accounting correct answers incom...

Procurement Technology correct answers Helps accelerate business improvements Results Oriented Budgeting correct answers Attempts to link a resource allocation to performance criteria Budget Cycle correct answers 1. Planning 2. Formalization 3. implementation 4. evaluation Procurement Cards...

FIXED-PRICE WITH ESCALATION/DE-ESCALATION correct answers The purchasing officer of the governmental agency has expressed serious concerns about the number of repetitive requisitions, solicitations and POs that are being processed to purchase gasoline for the organization. Every time a new order is ...

What does the procurement policy of an entity reflects? correct answers -The entity's legal system -The goals and values of the entity -Policies and practices federal-level entities use to acquire goods and services; this may not apply to state or local entities What should the overall purpos...

Public procurement is.... correct answers The designated legal authority to advise, plan, obtain, deliver, and evaluate a government's expenditures on goods and services that are used to fulfill stated objectives, obligations, and activities in pursuit of desired policy outcomes. Materials Manag...

Surety correct answers A pledge or guarantee by an insurance company, bank, individual, or corporation on behalf of the bidder/proposer to satisfy the contractual obligations. accountability correct answers the principle that employees who accept an assignment and the authority to carry it out ar...

Good performance measures need to be meaningful for all participants including: correct answers Procurement professionals, clients and suppliers Good performance measures need to be stated in terms of the higher-level objectives of the central procurement office or else they will lose: correct an...

The Materials Manager for the Utility department has to keep parts and materials in stock to maintain all 42 pump stations as well as all the infrastructure to keep the town citizens supplied with clean, pure, well water. This service has to be provided 24/7, and all essential maintenance, repair pa...

SWOT analysis correct answers a planning tool used to analyze an organization's strengths, weaknesses, opportunities, and threats Pareto Principle correct answers 80% of purchasing cost is created by 20% of the purchase orders issued spend analysis correct answers process of collecting, clean...

Inputs correct answers Measures resources used. They include labor, materials, equipment, and supplies. Demand for services may also be considered an input metric. Outputs correct answers Record activity or effort that can be expressed in a quantitative or qualitative manner. Outcomes correct ...

Scope of Work correct answers Typically developed by procurement to be included in the solicitation to procure services or other more complex combinations of products and services. Sometimes called "Performance Specification" PWS correct answers Performance Work Statement SOO correct answers...

WHAT IS THE GOAL OF NEGOTIATION? correct answers To achieve a mutual goal referred as win-win agreement. STAGES OF NEGOTIATION correct answers 1. Planning 2. Actual Negotiation 3. Completion What are the objectives of a principled Negotiation? correct answers 1. produced a wise agreement 2....

Purpose of a cost analysis correct answers It is a review and evaluation of the suppliers actual or anticipated cost data Competitive Negotiations correct answers Primary considerations for using is price is not the main concern for determining the successful contractor Common Law correct answ...