CPPB PRACTICE TEST (50 QUESTIONS WITH CORRECT ANSWERS)

CPPB PRACTICE TEST (50 QUESTIONS WITH CORRECT ANSWERS) Legal and statutory requirements - ANS ️️ An agency is revising its document retention schedule. To what should the governmental entity look for guidance? Cooperative Contract - ANS ️️ An agency is looking into cooperative purchasing practices. After conducting some analysis, the agency would like to "piggyback" its purchases with other agencies that are participating in cooperative purchasing. When using a "piggyback" method, what would the arrangement be called? Instituting a purchase card program - ANS ️️ A governmental agency has a threshold for small purchases of $1000 and three quotes are required above that figure. There has been a steady increase int he number of field purchase orders, along with recent complaints from internal customers about it taking too long to buy what they need. Which of the following actions is most likely to have the biggest impact on reducing costs and saving time in the long run? a procurement profile - ANS ️️ Can be used to determine the impact of the expenditure patterns within a supply market Operating Fund/Capital Fund - ANS ️️ A governmental agency processed a purchase requisition for the purchase of direct-read water meters. Which fund should a purchasing agent check to confirm that the money was available for this purchase? Notify the upper management and recommend a meeting with the group's leader to discuss their concerns - ANS ️️ The governmental agency has recently acquired a piece of property on which an old hotel of no notable historical significance sits.