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MISC.QUESTIONS /TERMS TO STUDY CPPB EXAM
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MISC.QUESTIONS /TERMS TOSTUDYCPPB EXAM 2024-2025
ANSWER: What is the purpose of cost analysis? It is an examination and
evaluation of the supplier's current or future cost data.
Competitive Negotiations: ANSWER Price is not the primary priority when
determining the effective contractor.
Common Law - ANSWER Law is based on customs and use, as verified by
judicial rulings.
Principled Negotiations - Answer Separating people from problems, focusing on
interests rather than stances, developing possibilities for mutual gain, and
applying objective standards are all examples of merit-based negotiation.
Risk Management - ANSWER It reduces unwanted impacts by planning,
organizing, directing, and managing resources and activities.
Show-cause notice: ANSWER If the termination for default appears justified, it
should be issued.
Exception Inspection: ANSWER The agency relies on the end user to report
flaws following a quick assessment for evident damage during unpacking.
ANSWER: Volume and timing The main factors to consider when building a
plan for purchasing fuel oil.
Trendlines - ANSWER illustrates short-term spending patterns for
commodities.
, Value Analysis: ANSWER This is the best method for calculating the cost of
ownership over an asset's lifetime. The systematic process of designing products
that meet the desired level of quality and performance while remaining cost-
effective.
Civil Law - Answer Refers to the body of law governing interpersonal
relationships. Contract law is an example.
Price Analysis: ANSWER The process of studying and evaluating a projected
price without considering the individual cost factors and offeror profit
associated in that price.
Administrative Law - ANSWER Rules, regulations, and executive orders issued
by government administrative or regulatory bodies. Generally enacted to make
statutes and ordinances more detailed. Has the force and effect of the law.
Ordinance - ANSWER Refers to laws enacted by county and municipal
legislative bodies, such as boards of supervisors and city councils, that apply to
their jurisdictions. May include requirements relevant to the procurement of
supplies and services.
Ambiguity - ANSWER Contract language that can be understood to contain
multiple meanings.
Cure Notice: ANSWER Contract management action of notifying the contractor
of failure. If the problem is not rectified within 30 days of receipt, the contract
may be terminated.
Benchmarking - ANSWER Techniques for determining best practices adopted
by other organizations.
Implied Contract - Answer A contract that is implied as a matter of reason and
justice by the parties' actions or conduct rather than written out.
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