Cppb exam stuvia Study guides, Class notes & Summaries

CPPB Exam Questions and Answers 100% accurate! CPPB Exam Questions and Answers 100% accurate! CPPB Exam Questions and Answers 100% accurate! Surety - ANSWER-A pledge or guarantee by an insurance company, bank, individual, or corporation on behalf of the bidder/proposer to satisfy the contractual obligations. accountability - ANSWER-the principle that employees who accept an assignment and the authority to carry it out are answerable to a superior for the outcome. acceptance - ANSWER...

SWOT analysis - ANSWER a planning tool used to analyze an organization's strengths, weaknesses, opportunities, and threats Pareto Principle - ANSWER 80% of purchasing cost is created by 20% of the purchase orders issued spend analysis - ANSWER process of collecting, cleansing, classifying and analyzing expenditure data with the purpose of decreasing procurement costs, improving efficiency, and monitoring compliance procurement profile - ANSWER result produced after conducting a series ...

CPPB Exam Prep Questions and Answers 100% CorrectCPPB Exam Prep Questions and Answers 100% CorrectCPPB Exam Prep Questions and Answers 100% CorrectCPPB Exam Prep Questions and Answers 100% CorrectCPPB Exam Prep Questions and Answers 100% Correct Cost Plus Percentage of Cost Contracts - ANSWER-An agreement on a construction project in which the contractor is provided a specified percentage profit over and above the actual costs of construction. These contracts are considered poor business...

Cost Plus Percentage of Cost Contracts - ANSWER-An agreement on a construction project in which the contractor is provided a specified percentage profit over and above the actual costs of construction. These contracts are considered poor business practice because the contractor has little incentive to hold down costs. The type of costing method is prohibited in Federal purchasing. Procurement - ANSWER-Includes purchasing, contract administration, inventory, receiving and disposal. Integrit...

Cost Plus Percentage of Cost Contracts - ANSWER An agreement on a construction project in which the contractor is provided a specified percentage profit over and above the actual costs of construction. These contracts are considered poor business practice because the contractor has little incentive to hold down costs. The type of costing method is prohibited in Federal purchasing. Procurement - ANSWER Includes purchasing, contract administration, inventory, receiving and disposal. Integrit...

Inputs - Answer Measures resources used. They include labor, materials, equipment, and supplies. Demand for services may also be considered an input metric. Outputs - Answer Record activity or effort that can be expressed in a quantitative or qualitative manner. Outcomes - Answer Asses results of an activity and show whether expected results were achieved. Must be benchmarked against other departments and outside organizations. A benchmark is simply a point of reference that can be used as...

Cost Plus Percentage of Cost Contracts - Answer An agreement on a construction project in which the contractor is provided a specified percentage profit over and above the actual costs of construction. These contracts are considered poor business practice because the contractor has little incentive to hold down costs. The type of costing method is prohibited in Federal purchasing. Procurement - Answer Includes purchasing, contract administration, inventory, receiving and disposal. Integrit...

Cost Plus Percentage of Cost Contracts - ANSWER An agreement on a construction project in which the contractor is provided a specified percentage profit over and above the actual costs of construction. These contracts are considered poor business practice because the contractor has little incentive to hold down costs. The type of costing method is prohibited in Federal purchasing. Procurement - ANSWER Includes purchasing, contract administration, inventory, receiving and disposal. Integrit...

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