CPPO CERTIFICATION EXAM QUESTIONS
WITH COMPLETE 100% VERIFIED
SOLUTIONS 2024/2025, EXAMS OF
INSURANCE ECONOMICS
The common law rule that prevents extrinsic evidence of past
agreements or terms from being considered when interpreting an
existing contract is known as the _____________
A. Parole Evidence Rule
B. Parol Evidence Rule
C. Petrol Evidence Rule
D. Payroll Evidence Rule Correct Answer B. Parol Evidence Rule
This item in a strategic plan describes the agency's purpose for
existing. Correct Answer Mission Statement.
Why is the Request for Proposal (RFP) process often perceived
as problematic by an agency's leadership?
A. The award decision is very quantifiable.
B. The award decision is based on qualitative variables.
C. The price is rarely known on award.
D. The outcome of the RFP process is difficult to justify. Correct
Answer B. The award decision is based on qualitative variables.
A university is prepared to sign a contract to add 10 classrooms
for a new program. Registration for the program will begin in 9
months if the project is completed on time and 6 months if the
contractor completes the project early. During the negotiations,
the university offered the contractor an additional $50,000 to
complete the project in six months. What type of contract pricing
is the university using?
A. Fixed-price with redetermination
B. Fixed-price incentive
, C. Cost sharing
D. Cost plus fixed fee Correct Answer B. Fixed-price incentive
Laws governing public records, open meetings and freedom of
information are known by this illuminating phrase. Correct Answer
The Sunshine Law
Which of the following analysis methods looks at the availability of
competition and alternative products?
A. Demand analysis
B. Market analysis
C. Supplier analysis
D. Value analysis Correct Answer C. Supplier analysis
The ABA Model Procurement Code lists six methods of source
selection Correct Answer Competitive Sealed Bids
Competitive Sealed Proposals
Small Purchases
Sole Source Procurement
Emergency Procurement
Competitive Selection for Services or Architect-Engineer and
Land Surveying Services.
Unity of command; equality of authority & responsibility; and span
of control & delegation are three essential principles of which
aspect of management?
A. Staffing
B. Planning
C. Directing
D. Organizing Correct Answer D. Organizing
Strategies identify methods to achieve specific goals. Goals
identify what the organization wants to achieve and objectives
identify...
A. When the goals will be carried out.
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