CPPB Exam Package Deal

FIXED-PRICE WITH ESCALATION/DE-ESCALATION - Answer 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 placed,...

Cost Plus Percentage of Cost Contracts - Answer An agreement on a construction project in which the contractor is provided a specified percentage profit over and above the actual costs of construction. These contracts are considered poor business practice because the contractor has little incentive ...

An entity purchases several different types of mobile phones to meet employees' preferences. This is causing inefficiencies. What action can be taken to address and correct the inefficiencies? - Answer Standardization A buyer has been invited to join a supplier account representative for lunch t...

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

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

What does the procurement policy of an entity reflects? - Answer -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 purpose of a ...

Express the organization's purpose for existence - Answer An organization's mission statement should: Legal and statutory requirements - Answer An agency is revising its document retention schedule. To what should the governmental entity look for guidance? Cooperative Contract - Answer An ag...

Fixed-Price Escalation/De-escalation - Answer The procurement officer of the governmental agency has expressed serious concerns about the number of repetitive requisitions, solicitations and purchase orders that are being processed to purchase gasoline for the organization. Every time a new order is...

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

Fixed-Price Escalation/De-escalation - Answer The procurement officer of the governmental agency has expressed serious concerns about the number of repetitive requisitions, solicitations and purchase orders that are being processed to purchase gasoline for the organization. Every time a new order is...

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

Radio frequency identification (RFID) - Answer New approaches to distribution and inventory managements. Vendor Managed Inventory - Answer Mostly in private sector, where vendor manages inventory. Electronic signatures - Answer Digital signatures that permit sending authentic electronic docume...