Cppb exam 2024 Study guides, Class notes & Summaries

CPPB Full Prep Exam Questions & Answers 2024/2025 An entity purchases several different types of mobile phones to meet employees' preferences. This is causing inefficiencies. What action can be taken to address and correct the inefficiencies? A. creation of performance specifications B. sole sourcing C. benchmarking D. standardization - ANSWERSstandardization A buyer has been invited to join a supplier account rep for lunch to discuss the performance of a contract. How should the buyer r...

CPPB Exam Questions & Answers 2024/2025 Procurement Technology - ANSWERSHelps accelerate business improvements Results Oriented Budgeting - ANSWERSAttempts to link a resource allocation to performance criteria Budget Cycle - ANSWERS1. Planning 2. Formalization 3. implementation 4. evaluation Procurement Cards - ANSWERSpayment method whereby internal customers are empowered to deal directly with suppliers using a credit card Four principles of negotiation - ANSWERS1. separate peo...

CPPB EXAM 2024 WITH 100% ACCURATE SOLUTIONS What does the procurement policy of an entity reflects? - correct answer -The entity's legal system -The goals and values of the entity -Policies and practices federal-level entities use to acquire goods and services; this may not apply to state or local entities What should the overall purpose of a procurement policy manual be? - correct answer -Establish the legal authority of the procurement function within the entity. -Simplify, clari...

CPPB COMPREHENSIVE B EXAM 2024 WITH 100% ACCURATE SOLUTIONS What concept is based on the idea that nothing happens in a supply chain until a need is identified? A) First In First Out (FIFO) B) Last In, First Out (LIFO) C) Just in Time (JIT) D) re-Order Point - correct answer C) Just in Time (JIT) Procurement officials acting within the scope of their authority have what type of authority to legally bind the government? A) Express Authority B) Implied Authority C) Actual Authority D) Appa...

CPPB EXAM 2024 WITH 100% ACCURATE SOLUTIONS Express the organization's purpose for existence - correct answer An organization's mission statement should: Legal and statutory requirements - correct answer An agency is revising its document retention schedule. To what should the governmental entity look for guidance? Cooperative Contract - correct answer An agency is looking into cooperative purchasing practices. After conducting some analysis, the agency would like to "piggyback" its...

CPPB Exam Questions and Answers (Graded A) CPPB Exam Questions and Answers (Graded A) CPPB Exam Questions and Answers (Graded A) CPPB Exam Questions and Answers (Graded A) Procurement Technology - ANSWER-Helps accelerate business improvements Results Oriented Budgeting - ANSWER-Attempts to link a resource allocation to performance criteria Budget Cycle - ANSWER-1. Planning 2. Formalization 3. implementation 4. evaluation Procurement Cards - ANSWER-payment method whereby in...

CPPB Exam Questions and Answers 100% CorrectCPPB Exam Questions and Answers 100% CorrectCPPB Exam Questions and Answers 100% CorrectCPPB Exam Questions and Answers 100% Correctbudgeting - ANSWER-the allocation of scarce resources among competing demands allotment - ANSWER-controls the rate of spending authorized by an appropriation allocation - ANSWER-controls specific use of the monies appropriated cash basis accounting - ANSWER-income is not counted until cash (or check) is actual...

Procurement Technology - ANSWER-Helps accelerate business improvements Results Oriented Budgeting - ANSWER-Attempts to link a resource allocation to performance criteria Budget Cycle - ANSWER-1. Planning 2. Formalization 3. implementation 4. evaluation Procurement Cards - ANSWER-payment method whereby internal customers are empowered to deal directly with suppliers using a credit card Four principles of negotiation - ANSWER-1. separate people from the problem 2. create a variety of...

budgeting - ANSWER-the allocation of scarce resources among competing demands allotment - ANSWER-controls the rate of spending authorized by an appropriation allocation - ANSWER-controls specific use of the monies appropriated cash basis accounting - ANSWER-income is not counted until cash (or check) is actually received, and expenses are not counted until they are actually paid. accrual basis accounting - ANSWER-Transactions are recognized at the time they are incurred, as opposed t...

CPPB Exam Questions and Answers (rated A) CPPB Exam Questions and Answers (rated A) Procurement Technology - ANSWER-Helps accelerate business improvements Results Oriented Budgeting - ANSWER-Attempts to link a resource allocation to performance criteria Budget Cycle - ANSWER-1. Planning 2. Formalization 3. implementation 4. evaluation Procurement Cards - ANSWER-payment method whereby internal customers are empowered to deal directly with suppliers using a credit card Four princ...