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CPPB Exam Prep Latest /Questions And Answers Graded (A+)
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CPPB Exam Prep Latest 2023-2024 /Questions AndAnswers Graded (A+)
Quiz :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 to
hold down costs. The type of costing method is prohibited in Federal
purchasing.
Quiz :Procurement - Answer :Includes purchasing, contract administration,
inventory, receiving and disposal.
Quiz :Integrity - Answer :The value of one's words and actions.
Quiz :Competition - Answer :Provides an incentive to reduce cost and increase
quality.
Quiz :Laws - Answer :Define and control what public agencies may do.
Quiz :ABA - Answer :American Bar Association
Quiz :ABL - Answer :Approved Brands List, also Approved Products List [APL]
Quiz :ABA Model Procurement Code for State and Local Government (U S Law)
- Answer :Developed by the ABA and adopted in 1979, it is a collection of
statutory principles and policies that provides guidance to public policy
managers who wish to responsibly manage public procurement. Stat and large
local governments have individually codified it into procurement law and
policy to effectively guide their procurement organizations. The code was
updated in 2000 and contained enhancements in the following areas:
Electronic Commerce, Cooperative Purchasing, Flexibility in Purchasing
Methods and Processes for Delivery of Infrastructure Facilities and Services.
Also called the Model Procurement Code.
Quiz :Anti Trust Laws - Answer :State and federal laws enacted to ensure free,
fair and open competition by prohibiting monopolies or conspiracies in
restraint of trade in interstate and foreign commerce. The Sherman and
Clayton Acts are examples of Federal AntiTrust Laws.
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