Misc. questions/terms to study for cppb Questions and Answers 2024/2025
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Course
Misc
Institution
Misc
Purpose of a cost analysis -
It is a review and evaluation of the suppliers actual or anticipated cost data
Competitive Negotiations -
Primary considerations for using is price is not the main concern for determining the
successful contractor
Common Law -
Law based on customs and...
Misc. questions/terms to study for cppb
Questions and Answers 2024/2025
Purpose of a cost analysis -
It is a review and evaluation of the suppliers actual or anticipated cost data
Competitive Negotiations -
Primary considerations for using is price is not the main concern for determining the
successful contractor
Common Law -
Law based on customs and usage and confirmed by court decisions.
Principled Negotiations -
Negotiates on the merits includes separating the people from the problem, focusing on
the interests not the positions, inventing options for mutual gain, and using objective
criteria.
Risk Management -
It minimizes adverse effects through planning, organizing, directing and controlling
resources and activities
Show-cause notice -
If the termination for default appears appropriate this should be issued
Exception Inspection -
The agency depends on the end user to report defects after a cursory inspection for
obvious damage when unpacked is done.
Main considerations when developing a plan for purchase of fuel oil.
Trendlines -
Illustrates short term spend patterns for commodities
Value Analysis -
When determining the cost of ownership over the life span of and asset this is best to
use. The Systematic process used in the design of products with the required level of
quality and performance at the most economic cost.
Civil Law -
Reference to the body of law affecting the relationship among individuals. Contract
law is an example.
Price Analysis -
Process of examining and evaluating a prospective price without evaluating the
separate cost elements and profit of the offeror included in that price.
Administrative Law -
Rules, regulations, and executive orders promulgated by governmental administrative
or regulatory agencies. Generally enacted to make statues and ordinances more
specific. Has the force and effect of law.
Ordinances -
Refers to laws that county and municipal legislative bodies, such as boards of
supervisors and city councils pass applicable to those jurisdictions. May include
requirements of specific to the procurement of supplies and services.
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