Exam (elaborations)
MISC.QUESTIONS /TERMS TO STUDY CPPB EXAM
- Course
- Institution
MISC.QUESTIONS /TERMS TO STUDY CPPB EXAM ...
[Show more]
Content preview
MISC.QUESTIONS /TERMS TOSTUDYCPPB EXAM 2024-2025
ANSWER: What is the purpose of cost analysis? It is an examination and
evaluation of the supplier's current or future cost data.
Competitive Negotiations: ANSWER Price is not the primary priority when
determining the effective contractor.
Common Law - ANSWER Law is based on customs and use, as verified by
judicial rulings.
Principled Negotiations - Answer Separating people from problems, focusing on
interests rather than stances, developing possibilities for mutual gain, and
applying objective standards are all examples of merit-based negotiation.
Risk Management - ANSWER It reduces unwanted impacts by planning,
organizing, directing, and managing resources and activities.
Show-cause notice: ANSWER If the termination for default appears justified, it
should be issued.
Exception Inspection: ANSWER The agency relies on the end user to report
flaws following a quick assessment for evident damage during unpacking.
ANSWER: Volume and timing The main factors to consider when building a
plan for purchasing fuel oil.
Trendlines - ANSWER illustrates short-term spending patterns for
commodities.
, Value Analysis: ANSWER This is the best method for calculating the cost of
ownership over an asset's lifetime. The systematic process of designing products
that meet the desired level of quality and performance while remaining cost-
effective.
Civil Law - Answer Refers to the body of law governing interpersonal
relationships. Contract law is an example.
Price Analysis: ANSWER The process of studying and evaluating a projected
price without considering the individual cost factors and offeror profit
associated in that price.
Administrative Law - ANSWER Rules, regulations, and executive orders issued
by government administrative or regulatory bodies. Generally enacted to make
statutes and ordinances more detailed. Has the force and effect of the law.
Ordinance - ANSWER Refers to laws enacted by county and municipal
legislative bodies, such as boards of supervisors and city councils, that apply to
their jurisdictions. May include requirements relevant to the procurement of
supplies and services.
Ambiguity - ANSWER Contract language that can be understood to contain
multiple meanings.
Cure Notice: ANSWER Contract management action of notifying the contractor
of failure. If the problem is not rectified within 30 days of receipt, the contract
may be terminated.
Benchmarking - ANSWER Techniques for determining best practices adopted
by other organizations.
Implied Contract - Answer A contract that is implied as a matter of reason and
justice by the parties' actions or conduct rather than written out.
The benefits of buying summaries with Stuvia:
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
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
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 luzlinkuz. 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)
77333 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now