100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
QPA EXAM REVIEW QUESTIONS AND CORRECT ANSWERS | LATEST UPDATE $10.49   Add to cart

Exam (elaborations)

QPA EXAM REVIEW QUESTIONS AND CORRECT ANSWERS | LATEST UPDATE

 4 views  0 purchase
  • Course
  • QPA
  • Institution
  • QPA

What is a centralized purchasing system? -:- Responsibility rests with an authorized professional and is not incidental to other functions. To simplify, clarify, and modernize the law governing commercial transaction; to permit the continued expansion of commercial practices through custom, ...

[Show more]

Preview 3 out of 18  pages

  • September 18, 2024
  • 18
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • QPA
  • QPA
avatar-seller
TestTrackers
2024 /2025 | © copyright | This work may not be copied for profit gain | Excel!




QPA EXAM REVIEW QUESTIONS AND
CORRECT ANSWERS | LATEST UPDATE
What is a centralized purchasing system?


✓ -:- Responsibility rests with an authorized professional and is not

incidental to other functions.




To simplify, clarify, and modernize the law governing commercial transaction; to permit the

continued expansion of commercial practices through custom, usage and agreement of the

parties; and, to make uniform the law among the various jurisdictions


✓ -:- What is the purpose of the UCC?




What is the three types of authority an agent has?


✓ -:- Express authority, implied authority, and apparent authority




What are the types of contracts?


✓ -:- Competitive sealed bidding, competitive contracting, and

competitive quotations.




1|P a g e | G r a d e A + | 2 0 2 0 2 5

,2024 /2025 | © copyright | This work may not be copied for profit gain | Excel!




What are the 6 R's of purchasing?


✓ -:- Goods and services must be recognized in the Right time, at the

right price, in the right quality, in the right quantity, from the ri ght

source and in the right manner




What are the 3 C's?


✓ -:- communication, cooperation, and coordination




What are the basic purchasing forms?


✓ -:- 1) Bid proposals, 2) Requisition, 3) Purchase order, 4) Receiving

report, 4) Voucher




What is the Local Public Contracts Law?


✓ -:- 40A:11-1 et seq (short title citation)




What are some types of forms required in Specifications?




2|P a g e | G r a d e A + | 2 0 2 0 2 5

, 2024 /2025 | © copyright | This work may not be copied for profit gain | Excel!




✓ -:- Notice to bidders, bid proposal form, consent of surety,

acknowledgment of receipt of addenda, stockholder disclosure

certification, business registration certificate, and Non -collusion affadavit.




What are some types of forms required in Specifications?


✓ -:- Notice to bidders, bid proposal form, consent of surety,

acknowledgment of receipt of addenda, stockholder disclosur e

certification, business registration certificate, and Non -collusion affadavit




What are the different types of purchasing systems?


✓ -:- Cooperative pricing, joint purchasing system, county cooperative

contract purchasing, and regional cooperative prici ng.




What does N.J.A.C stand for?


✓ -:- New Jersey Administrative Code




What does N.J.S.A. stand for?


✓ -:- New Jersey Statute annotated

3|P a g e | G r a d e A + | 2 0 2 0 2 5

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller TestTrackers. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $10.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

78252 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$10.49
  • (0)
  Add to cart