CPPB Exam Prep Complete Questions & Answers(RATED A)(COMPLETE FULL PACK SOLUTIONS!!!)EXAM BUNDLE

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 ...

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,...

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...

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...

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...

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...

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...

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 agency is looking into cooperative purchasing practices. After conducting some analysis, the agency would lik...

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

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...

LAST-IN FIRST OUT (LIFO) - ANSWER Utilized in Private Sector. Due to taxes, it is beneficial to use the latest received item JUST-IN-TIME (JIT) INVENTORY - ANSWER Inventory system in which companies manufacture or purchase goods just in time for use. Technique focused on the inventory reduction ...

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....

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...

William may make changes in the Procurement Department. what is his first step when considering a new process? a. Engaging in a process mapping activity b. Identifying a need for change c. Building a flowchart d. Creating a policy and procedures manual - ANSWER Identifying a need for change ...