Comprehensive CPPB Q&A Exam Bundle

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

CPPB TEST - DOMAIN V STUDY QUESTIONS WITH ANSWERS LAST-IN FIRST OUT (LIFO) Utilized in Private Sector. Due to taxes, it is beneficial to use the latest received item JUST-IN-TIME (JIT) INVENTORY Inventory system in which companies manufacture or purchase goods just in time for use. Techniqu...

SWOT analysisa planning tool used to analyze an organization's strengths, weaknesses, opportunities, and threats Pareto Principle80% of purchasing cost is created by 20% of the purchase orders issued spend analysisprocess of collecting, cleansing, classifying and analyzing expenditure data wi...

What is the focus of Contract Administration? It is the achievement of stated goals and objectives through contract performance. The field embraces a long standing recognition of three broad goals: A quality product On Time (delivery of quality goods) Within Budget (or agreed-to price) Cont...

Good performance measures need to be meaningful for all participants including: 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: their impact Good perfo...

6 Elements of a Contract 1)Offer and Acceptance 2)Definiteness 3)Legal Consideration 4)Mutuality of Obligation 5)Competent Parties 6)Legal Purpose Element of a Contract: Offer and Acceptance A promise or comittment to do, or not do, a specified thing in the future. Example: provide a good or serv...

Correct Answers C. Start a file that documents the conflicts If considering contract termination, the agency should first: A. Take punitive action against the contractor. B. Stop accepting delivered products or services offered by the contractor. C. Start a file that documents the conflicts. ...

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? A. creation of performance specifications B. sole sourcing C. benchmarking D. standardization standardizat...

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...

Fixed-Price Escalation/De-escalation 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 placed, ...

What does the procurement policy of an entity reflects? -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 procureme...

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

Express the organization's purpose for existenceAn organization's mission statement should: Legal and statutory requirementsAn agency is revising its document retention schedule. To what should the governmental entity look for guidance? Cooperative ContractAn agency is looking into cooperati...

Procurement Technology Helps accelerate business improvements Results Oriented Budgeting Attempts to link a resource allocation to performance criteria Budget Cycle 1. Planning 2. Formalization 3. implementation 4. evaluation Procurement Cards payment method whereby internal customers are e...