Exam (elaborations)
CPPB EXAM PREP- COMPREHENSIVE C QUESTIONS| WITH COMPLETE SOLUTIONS
- Course
- CPPB
- Institution
- Liberty University
CPPB EXAM PREP- COMPREHENSIVE C QUESTIONS| WITH COMPLETE SOLUTIONS
[Show more]
Content preview
The purchasing officer of Fleet Management Division has expressed concerns aboutthe number of repetitive requisitions, solicitations and purchase orders that are being
processed to purchase fuel for the state fleet. Every time a new order is placed,
another requisition is created and the prices paid are not steady sometimes more and
sometimes less depending on competition and fluctuations. The buyer advises the
solution would be to use what type of contract? A) Fixed-Price with Escalation/De-
escalation B) Fixed-Price with Redetermination C) Fixed Price Incentive D) Firm Fixed-
Price
Give this one a try later!
, A) Fixed-Price with Escalation/De-escalation
An entity is having problems with a supplier's performance and may terminate their
contract. Which of the following would be the best first step in addressing the issue
with the supplier? A) Address with on-site supervisor/contractor B) In-person meeting
with all parties C) Consideration for reduced services D) Issue a change order
Give this one a try later!
A) Address with on-site supervisor/contractor
The school board is looking to procure new school buses due to the opening of a
new school in the district. Each school bus is manufactured after the order is placed
and must meet federal regulations for manufacturing. Which supplier requirement
should be included in the specifications? A) Manufacturing process B) Invoicing
process C) Location of the vendor's facility D) Size of the vendor's facility
Give this one a try later!
A) Manufacturing process
Automated purchasing systems have totally changed the way procurement interacts
with the supplier commodity. Which is NOT a result of an automated purchasing
system? A) Evaluating proposal responses B) Conduction online auctions C) Posting
requests for proposals D) Reducing clerical functions
Give this one a try later!
, A) Evaluating proposal responses
What is a contract, either written or oral, in which all of the formal elements for
contract creation exist? A) Express contract B) Legal contract C) Implied-in-fact
contract D) Mutual contract
Give this one a try later!
A) Express contract
The entity contracted with a vendor to supply hand tools to the entity with a specific
delivery provision. The vendor acquires inventory from a subcontract to fulfill the
order. Due to delays from the subcontractor, the vendor does not meet the delivery
requirement contained in the contract. Who is contractually responsible for the delay?
A) The vendor B) The salesman C) The entity D) The subcontractor
Give this one a try later!
A) The vendor
Which of the following is a benefit of an automated procurement system? A) Reduces
communication entering the system from outside of the entity B) Prevents incorrect
information from being shared among clients/stakeholders C) Provides a common
repository for data D) Ensure procurement controls all information and decisions
correct
Give this one a try later!
, C) Provides a common repository for data
Over the last six years, a procurement professional has been responsible for soliciting
bids and making awards for the purchase of milk for each of the twelve schools in his
district. Although he has solicited more than four different milk providers during this
time, a well-known supplier is the only one that provides a bid response, and the bid
prices increase by exactly 1.5% each year. Based on this pattern of bidding, what
action should the procurement professional take? A) Stop sending IFBs to the well-
known supplier B) Suspect collusion and take appropriate steps (contact bidders to
determine why they did not bid) C) Report the well-known supplier to the State
Auditors for violation of anti-competition laws D) Report the well-known supplier to
the State Inspector General for violation of anticompetition laws
Give this one a try later!
B) Suspect collusion and take appropriate steps (contact bidders to
determine why they did not bid)
On the team Susan writes down key points on a flip chart pad. What team role is
Susan playing? A) Leader B) Recorder C) Facilitator D) Timekeeper
Give this one a try later!
B) Recorder
In his haste to meet the bid closing date and the time the supplier forgot to sign the
supplier's bid signature document that accompanied the solicitation. Under what
circumstances can a procurement professional generally accept the supplier's bid
without a signature? A) The failure to sign is an obvious oversight B) The bidder has
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 STUDYFIELD. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $8.00. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
69484 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 15 years now
Recently viewed by you
Exam (elaborations) ·
Dental Assistant Final Exam Review 2024 Questions with correct Answers
Package deal ·
2024 AQA GCSE PHYSICS 8463 Foundation Tiers Exams paper 1 & 2
Exam (elaborations) ·
SOPHIA_US HISTORY 1_FINAL MILESTONE.100 (Latest 2020/2021) A+ guide.
Exam (elaborations) ·
Music 100 UWRF Test 2 Questions and Answers 100% Solved correctly
Summary ·
Samenvatting Bryman's social research methods + relevante artikelen
Summary ·
Samenvatting Hoofdlijnen Nederlands recht - Bestuurs en Strafrecht
Exam (elaborations) ·
SOPHIA_US HISTORY 1_FINAL MILESTONE.100 (Latest 2020/2021) A+ guide.
Exam (elaborations) ·
CPPB EXAM PREP- COMPREHENSIVE D QUESTIONS| WITH COMPLETE SOLUTIONS
