Package deal
CPPB Prep Bundled exam with 100% with perfect answers 2024
CPPB Prep with 100% with perfect answers 2024 CPPB Prep with 100% with perfect answers 2024
[Show more]CPPB Prep with 100% with perfect answers 2024 CPPB Prep with 100% with perfect answers 2024
[Show more]Cost Plus Percentage of Cost Contracts correct answersAn 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 ince...
Preview 1 out of 1 pages
Add to cartCost Plus Percentage of Cost Contracts correct answersAn 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 ince...
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 correct answ...
Preview 4 out of 35 pages
Add to cartAn 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 correct answ...
FIXED-PRICE WITH ESCALATION/DE-ESCALATION correct answersThe 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 p...
Preview 2 out of 7 pages
Add to cartFIXED-PRICE WITH ESCALATION/DE-ESCALATION correct answersThe 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 p...
Procurement Technology correct answersHelps accelerate business improvements 
 
Results Oriented Budgeting correct answersAttempts to link a resource allocation to performance criteria 
 
Budget Cycle correct answers1. Planning 2. Formalization 3. implementation 4. evaluation 
 
Procurement Cards co...
Preview 3 out of 26 pages
Add to cartProcurement Technology correct answersHelps accelerate business improvements 
 
Results Oriented Budgeting correct answersAttempts to link a resource allocation to performance criteria 
 
Budget Cycle correct answers1. Planning 2. Formalization 3. implementation 4. evaluation 
 
Procurement Cards co...
Advantages of Leasing correct answersL- lessor carries burden of the investment so lessee can use working capital for other opportunities. 
E - entire expense of lease can sometimes be treated as an operating expense minimizing taxable income 
A - available equipment on short term basis for projects...
Preview 1 out of 4 pages
Add to cartAdvantages of Leasing correct answersL- lessor carries burden of the investment so lessee can use working capital for other opportunities. 
E - entire expense of lease can sometimes be treated as an operating expense minimizing taxable income 
A - available equipment on short term basis for projects...
Express the organization's purpose for existence correct answersAn organization's mission statement should: 
 
Legal and statutory requirements correct answersAn agency is revising its document retention schedule. To what should the governmental entity look for guidance? 
 
Cooperative Contract co...
Preview 2 out of 6 pages
Add to cartExpress the organization's purpose for existence correct answersAn organization's mission statement should: 
 
Legal and statutory requirements correct answersAn agency is revising its document retention schedule. To what should the governmental entity look for guidance? 
 
Cooperative Contract co...
What does the procurement policy of an entity reflects? correct answers-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...
Preview 4 out of 45 pages
Add to cartWhat does the procurement policy of an entity reflects? correct answers-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...
Inputs correct answersMeasures resources used. They include labor, materials, equipment, and supplies. Demand for services may also be considered an input metric. 
 
Outputs correct answersRecord activity or effort that can be expressed in a quantitative or qualitative manner. 
 
Outcomes correct an...
Preview 2 out of 5 pages
Add to cartInputs correct answersMeasures resources used. They include labor, materials, equipment, and supplies. Demand for services may also be considered an input metric. 
 
Outputs correct answersRecord activity or effort that can be expressed in a quantitative or qualitative manner. 
 
Outcomes correct an...
Inputs correct answersMeasures resources used. They include labor, materials, equipment, and supplies. Demand for services may also be considered an input metric. 
 
Outputs correct answersRecord activity or effort that can be expressed in a quantitative or qualitative manner. 
 
Outcomes correct an...
Preview 1 out of 2 pages
Add to cartInputs correct answersMeasures resources used. They include labor, materials, equipment, and supplies. Demand for services may also be considered an input metric. 
 
Outputs correct answersRecord activity or effort that can be expressed in a quantitative or qualitative manner. 
 
Outcomes correct an...
The Materials Manager for the Utility department has to keep parts and materials in stock to maintain all 42 pump stations as well as all the infrastructure to keep the town citizens supplied with clean, pure, well water. This service has to be provided 24/7, and all essential maintenance, repair pa...
Preview 4 out of 31 pages
Add to cartThe Materials Manager for the Utility department has to keep parts and materials in stock to maintain all 42 pump stations as well as all the infrastructure to keep the town citizens supplied with clean, pure, well water. This service has to be provided 24/7, and all essential maintenance, repair pa...
Fixed-Price Escalation/De-escalation correct answersThe 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 or...
Preview 2 out of 6 pages
Add to cartFixed-Price Escalation/De-escalation correct answersThe 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 or...
C. Start a file that documents the conflicts correct answersIf considering contract termination, the agency should first: 
 
A. Take punitive action against the contractor. 
B. Stop accepting delivered products or services offered by the contractor. 
C. Start a file that documents the conflicts. 
D....
Preview 2 out of 10 pages
Add to cartC. Start a file that documents the conflicts correct answersIf considering contract termination, the agency should first: 
 
A. Take punitive action against the contractor. 
B. Stop accepting delivered products or services offered by the contractor. 
C. Start a file that documents the conflicts. 
D....
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 correct answ...
Preview 2 out of 9 pages
Add to cartAn 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 correct answ...
Legal and statutory requirements correct answersAn agency is revising its document retention schedule. To what should the governmental entity look for guidance? 
 
Cooperative Contract correct answersAn agency is looking into cooperative purchasing practices. After conducting some analysis, the agen...
Preview 2 out of 9 pages
Add to cartLegal and statutory requirements correct answersAn agency is revising its document retention schedule. To what should the governmental entity look for guidance? 
 
Cooperative Contract correct answersAn agency is looking into cooperative purchasing practices. After conducting some analysis, the agen...
6 Elements of a Contract correct answers1)Offer and Acceptance 2)Definiteness 3)Legal Consideration 4)Mutuality of Obligation 5)Competent Parties 6)Legal Purpose 
 
Element of a Contract: Offer and Acceptance correct answersA promise or comittment to do, or not do, a specified thing in the future. E...
Preview 2 out of 5 pages
Add to cart6 Elements of a Contract correct answers1)Offer and Acceptance 2)Definiteness 3)Legal Consideration 4)Mutuality of Obligation 5)Competent Parties 6)Legal Purpose 
 
Element of a Contract: Offer and Acceptance correct answersA promise or comittment to do, or not do, a specified thing in the future. E...
WHAT IS THE GOAL OF NEGOTIATION? correct answersTo achieve a mutual goal referred as win-win agreement. 
 
STAGES OF NEGOTIATION correct answers1. Planning 
2. Actual Negotiation 
3. Completion 
 
What are the objectives of a principled Negotiation? correct answers1. produced a wise agreement 
2. To...
Preview 2 out of 5 pages
Add to cartWHAT IS THE GOAL OF NEGOTIATION? correct answersTo achieve a mutual goal referred as win-win agreement. 
 
STAGES OF NEGOTIATION correct answers1. Planning 
2. Actual Negotiation 
3. Completion 
 
What are the objectives of a principled Negotiation? correct answers1. produced a wise agreement 
2. To...
Scope of Work correct answersTypically developed by procurement to be included in the solicitation to procure services or other more complex combinations of products and services. Sometimes called "Performance Specification" 
 
PWS correct answersPerformance Work Statement 
 
SOO correct answersSt...
Preview 2 out of 12 pages
Add to cartScope of Work correct answersTypically developed by procurement to be included in the solicitation to procure services or other more complex combinations of products and services. Sometimes called "Performance Specification" 
 
PWS correct answersPerformance Work Statement 
 
SOO correct answersSt...
LAST-IN FIRST OUT (LIFO) correct answersUtilized in Private Sector. 
Due to taxes, it is beneficial to use the latest received item 
 
JUST-IN-TIME (JIT) INVENTORY correct answersInventory system in which companies manufacture or purchase goods just in time for use. Technique focused on the inventor...
Preview 1 out of 3 pages
Add to cartLAST-IN FIRST OUT (LIFO) correct answersUtilized in Private Sector. 
Due to taxes, it is beneficial to use the latest received item 
 
JUST-IN-TIME (JIT) INVENTORY correct answersInventory system in which companies manufacture or purchase goods just in time for use. Technique focused on the inventor...
SWOT analysis correct answersa planning tool used to analyze an organization's strengths, weaknesses, opportunities, and threats 
 
Pareto Principle correct answers80% of purchasing cost is created by 20% of the purchase orders issued 
 
spend analysis correct answersprocess of collecting, cleansin...
Preview 2 out of 9 pages
Add to cartSWOT analysis correct answersa planning tool used to analyze an organization's strengths, weaknesses, opportunities, and threats 
 
Pareto Principle correct answers80% of purchasing cost is created by 20% of the purchase orders issued 
 
spend analysis correct answersprocess of collecting, cleansin...
Purpose of a cost analysis correct answersIt is a review and evaluation of the suppliers actual or anticipated cost data 
 
Competitive Negotiations correct answersPrimary considerations for using is price is not the main concern for determining the successful contractor 
 
Common Law correct answer...
Preview 2 out of 8 pages
Add to cartPurpose of a cost analysis correct answersIt is a review and evaluation of the suppliers actual or anticipated cost data 
 
Competitive Negotiations correct answersPrimary considerations for using is price is not the main concern for determining the successful contractor 
 
Common Law correct answer...
What is the focus of Contract Administration? correct answersIt is the achievement of stated goals and objectives through contract performance. 
 
The field embraces a long standing recognition of three broad goals: correct answersA quality product 
On Time (delivery of quality goods) 
Within Budge...
Preview 1 out of 4 pages
Add to cartWhat is the focus of Contract Administration? correct answersIt is the achievement of stated goals and objectives through contract performance. 
 
The field embraces a long standing recognition of three broad goals: correct answersA quality product 
On Time (delivery of quality goods) 
Within Budge...
Good performance measures need to be meaningful for all participants including: correct answersProcurement professionals, clients and suppliers 
 
Good performance measures need to be stated in terms of the higher-level objectives of the central procurement office or else they will lose: correct ans...
Preview 2 out of 10 pages
Add to cartGood performance measures need to be meaningful for all participants including: correct answersProcurement professionals, clients and suppliers 
 
Good performance measures need to be stated in terms of the higher-level objectives of the central procurement office or else they will lose: correct ans...
WHAT IS THE GOAL OF NEGOTIATION? correct answersTo achieve a mutual goal referred as win-win agreement. 
 
STAGES OF NEGOTIATION correct answers1. Planning 
2. Actual Negotiation 
3. Completion 
 
What are the objectives of a principled Negotiation? correct answers1. produced a wise agreement 
2. To...
Preview 2 out of 5 pages
Add to cartWHAT IS THE GOAL OF NEGOTIATION? correct answersTo achieve a mutual goal referred as win-win agreement. 
 
STAGES OF NEGOTIATION correct answers1. Planning 
2. Actual Negotiation 
3. Completion 
 
What are the objectives of a principled Negotiation? correct answers1. produced a wise agreement 
2. To...
cross-functional team correct answersA group of employees from different departments working together to accomplish a specific task. The group, or team, may be characterized as permanent or ad hoc and may include suppliers and customers, as appropriate. E.g. of procurement specific teams may include...
Preview 2 out of 12 pages
Add to cartcross-functional team correct answersA group of employees from different departments working together to accomplish a specific task. The group, or team, may be characterized as permanent or ad hoc and may include suppliers and customers, as appropriate. E.g. of procurement specific teams may include...
Disadvantaged Business Entity correct answersBusiness in which majority ownership belongs to members determined to be historically underprivileged because of a predetermined social advantage 
 
small business correct answersan independently owned firm, corporation, or establishment having a small nu...
Preview 2 out of 8 pages
Add to cartDisadvantaged Business Entity correct answersBusiness in which majority ownership belongs to members determined to be historically underprivileged because of a predetermined social advantage 
 
small business correct answersan independently owned firm, corporation, or establishment having a small nu...
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
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!
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
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.
Stuvia is a marketplace, so you are not buying this document from us, but from seller HopeJewels. Stuvia facilitates payment to the seller.
No, you only buy these notes for $26.49. You're not tied to anything after your purchase.
4.6 stars on Google & Trustpilot (+1000 reviews)
72042 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now