Cppb 2023 test questions - Study guides, Class notes & Summaries

Express the organization's purpose for existence - ANSWER-An organization's mission statement should: Legal and statutory requirements - ANSWER-An agency is revising its document retention schedule. To what should the governmental entity look for guidance? Cooperative Contract - ANSWER-An agency is looking into cooperative purchasing practices. After conducting some analysis, the agency would like to "piggyback" its purchases with other agencies that are participating in cooperative pu...

FIXED-PRICE WITH ESCALATION/DE-ESCALATION - ANSWER-The purchasing officer of the governmental agency has expressed serious concerns about the number of repetitive requisitions, solicitations and POs that are being processed to purchase gasoline for the organization. Every time a new order is placed, another requisition is created and the prices paid by each dept. are not consistent; sometimes more and sometimes less depending on competition and timing. The buyer advises that the solution would b...

CPPB Prep Course - Practice Test Questions and Answers (All Correct) Latest 2023

Express the organization's purpose for existence - ANSWER-An organization's mission statement should: Legal and statutory requirements - ANSWER-An agency is revising its document retention schedule. To what should the governmental entity look for guidance? Cooperative Contract - ANSWER-An agency is looking into cooperative purchasing practices. After conducting some analysis, the agency would like to "piggyback" its purchases with other agencies that are participating in cooperative pu...

CPPB PRACTICE TEST (50 QUESTIONS) | LATEST 2023/24 Express the organization's purpose for existence - An organization's mission statement should: Legal and statutory requirements - An agency is revising its document retention schedule. To what should the governmental entity look for guidance? Cooperative Contract - An agency is looking into cooperative purchasing practices. After conducting some analysis, the agency would like to "piggyback" its purchases with other agencies that are...

WHAT IS THE GOAL OF NEGOTIATION? - ANSWER-To achieve a mutual goal referred as win-win agreement. STAGES OF NEGOTIATION - ANSWER-1. Planning 2. Actual Negotiation 3. Completion What are the objectives of a principled Negotiation? - ANSWER-1. produced a wise agreement 2. To be efficient 3. To achieve MUTUALLY satisfactory results for all parties FOUR PRINCIPLES OF NEGOTIATION - ANSWER-1. Separate people from the problem 2. Create a variety of options before deciding which pursue 3...

Fixed-Price Escalation/De-escalation - ANSWER-The procurement officer of the governmental agency has expressed serious concerns about the number of repetitive requisitions, solicitations and purchase orders that are being processed to purchase gasoline for the organization. Every time a new order is placed, another requisition is created and the prices paid by each department are not consistent; sometimes more and sometimes less depending on competition and timing. The buyer advises that the sol...

Fixed-Price Escalation/De-escalation - ANSWER-The procurement officer of the governmental agency has expressed serious concerns about the number of repetitive requisitions, solicitations and purchase orders that are being processed to purchase gasoline for the organization. Every time a new order is placed, another requisition is created and the prices paid by each department are not consistent; sometimes more and sometimes less depending on competition and timing. The buyer advises that the sol...

LAST-IN FIRST OUT (LIFO) - ANSWER-Utilized in Private Sector. Due to taxes, it is beneficial to use the latest received item JUST-IN-TIME (JIT) INVENTORY - ANSWER-Inventory system in which companies manufacture or purchase goods just in time for use. Technique focused on the inventory reduction and value- added activity. SCRAP - ANSWER-Consist of ferrous and non-ferrous metal as well as non-metallic scrap such as wood, paper, plastic and other materials that do not meet requirements or st...