Cppb exam prep - Study guides, Class notes & Summaries

What does the procurement policy of an entity reflects? - 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? - ANSWER--Establish the legal authority of the procurement function within the entity. -Simplify, clarify, and reflect the laws governing procurement -Enable uniform p...

What does the procurement policy of an entity reflects? - 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? - ANSWER -Establish the legal authority of the procurement function within the entity. -Simplify, clarify, and reflect the laws governing procurement -Enable uniform p...

CPPB EXAM PREP 2023/2024 QUESTIONS AND ANSWERS GRADED A+

CPPB EXAM PREP LATEST QUESTIONS AND ANSWERS GRADED A+

What does the procurement policy of an entity reflects? -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? -Establish the legal authority of the procurement function within the entity. -Simplify, clarify, and reflect the laws governing procurement -Enable uniform procurement policie...

CPPB exam prep questions with correct answers

CPPB Exam Prep (BOK Terms) with Complete Solutions(graded A+) CPPB Exam Prep (BOK Terms) with Complete Solutions(graded A+) CPPB Exam Prep (BOK Terms) with Complete Solutions(graded A+) What does the procurement policy of an entity reflects? - 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 procure...

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 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) Apparent Authority C) Actual Authority

One limitation to the government's right to reject is: A) Failure by the government to make an inspection B) Minimal completion of the contract C) Substantial completion of the contract D) A latent defect in the product A) Failure by the government to make an inspection Changes to the contract may be requested by the government or by the contractor under what condition? A) The contract does not cover any provision for change B) The change is within the scope of the contract C) The contrac...

CPPB EXAM PREP D.N. QUESTIONS AND ANSWERS GRADED A+