2 0 2 4 /2025 | © copyright | This work may not be copied for profit gain Excel!
CPPB Study Guides Combined Questions
and Answers 2024/2025
A good specification should accomplish the following objectives EXCEPT: identify requirements
clearly, allow for competetive bids, identify the advantages of obtaining the product or
service, provide for equitable award
identify the advantages of obtaining the product or service
Common law
A law that is not set forth in statutes, ordinances, or regulation, but evolved over
hundreds of years is known as: Administrative law, Criminal law, Tort law, Common law
informality
A minor irregularity which is merely a matter of form and not of substance is known as
a: deviation, non-responsive, formality, informality
protest
A written objection by an interested party to a solicitation issued by an agency for
bids or proposals for a proposed contract for the procurement of goods or services is
known as a: dispute, defendant, protest, plaintiff
Principal
An agent is someone who acts on behalf of a: principal, government, contractor,
subcontractor
Basic sources for law within the federal government is/are: Common Law, Statutes, Uniform
Commercial Code, Model Procurement Code
Statutes
1|Page| GradeA+ | 2 0 0 2 5
,2 0 2 4 /2025 | © copyright | This work may not be copied for profit gain Excel!
Contract law is an example of: civil law, criminal law, contract law, common law
Civil law
If the court decides that the parties intend that an agreement to be final and complete, what
rule prevents one of the parties from raising and debating the terms of the agreement: A. Rule
of reaso, B. Plain meaning rule, C. Parole evidence, D. Tort law
Parole evidence
It is better to use a lump sum contract when the Scope of Work is well defined because: A. the
application method places all risks on the contractor, B. bidding process is less competitive, C.
lump sum bid is set higher to offset unknown risks, D. risk to contractor is small
D risk to contractor is small
Most operating leases are: A. used to obtain financial leverage and longer term benefits, B.
long term for a fixed period of time, C. full payout and partial payout financial leases, D.
short term for a fixed period of time
For how long are patent laws designed to protect the original inventors rights in a product of
process?
20 years
What are the advantages of leasing to the buying organization?
risk of obsolescence can be minimized, equipment can be made available on a short-
term basis, maintenance problems can be reduced
1|Page| GradeA+ | 2 0 0 2 5
,2 0 2 4 /2025 | © copyright | This work may not be copied for profit gain Excel!
The advantages of electronic catalogs include:
A. marketing and sales costs are sharply reduced, B. orders can be entered into
fulfillment systems automatically, C. invoicing and receivables costs are reduced
through consolidation
The appropriate words that should be utilized in contracts to indicate statements of obligation
concernig things that the vendors has promised to do in the future is: A. will, B. shall, C.
obligated, D. should
B shall
The collection of court decisions regarding past court decision is: A. Common Law, B.
Legislative Law, C. Administrative Law, D. Contract Law
A Common Law
The court of last resort is:
Supreme Court
The first antitrust law that was adopted
Sherman Antitrust Act
The following carriers are subject to regulation by the Interstate Commerce Commission (ICC) -
- DOT now -- EXCEPT: A. common carriers, B. contract carriers, C. private carriers, D. standard
carriers
C private carriers
The following steps are used to determine contract award in the competetive sealed proposal
process EXCEPT: A. reviewing the end results expected from Scope of Work, B. weighting
1|Page| GradeA+ | 2 0 0 2 5
, 2 0 2 4 /2025 | © copyright | This work may not be copied for profit gain Excel!
values assigned to each part of the proposal, C. making all data available to bidders and the
public, D. examining the best value instead of the lowest price
C making all data available to bidders and the public
The implied warranty that the goods will meet certain industry standards is known as:
warranty of merchantability
The law that basically states that some contracts need to be in writing is:
Statute of Frauds
The laws that governs public purchasing contracts for the sale of goods is:
Uniform Commercial Code
The objectives of the receiving and inspection process include the following EXCEPT: A. to
verify the items conform to the specifications, B. to determine if a product should be stored in
a warehouse system, C. to ensure the received items conform to contractual requirements, D. to
ensure the items arrive at the stated time
B to determine if a product should be stored in a warehouse system
The procurement requirements for recipients of federal grants are contained within the:
OMB Circular A-102
The term that involves the question of whether the contractor can or will perform as he has
promised is:
responsible
1|Page| GradeA+ | 2 0 0 2 5
