Introduction to Public Procurement Exam Solution Manual Rated 100%
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Introduction to Public Procurement
Institution
Introduction To Public Procurement
Introduction to Public Procurement Exam Solution Manual Rated 100%
Procurement - Answers Purchasing, renting, leasing, or acquiring ant supplies, services, or construction
Public Purchasing - Answers Process used to procure to ensure the public good is best served
Material Management - Answers ...
Introduction to Public Procurement Exam Solution Manual Rated 100%
Procurement - Answers Purchasing, renting, leasing, or acquiring ant supplies, services, or construction
Public Purchasing - Answers Process used to procure to ensure the public good is best served
Material Management - Answers Once it hits your office you manage the materials
Acquisition - Answers The process of acquiring, with appropriated funds that support the missions and
goals of an executive agency
The 7 R's of Public Procurement - Answers Right goods, right quantity, right time, right place, right
source, right service, right price
What are the 5 value-adding outputs - Answers Quality, Cost, Time, Technology, and Continuity Supply
Difference between Public and Private Procurement - Answers Public can only do what the law allows.
Private can do what they want as long as it is not against the law
Goal of Public Procurement - Answers satisfy, fair and reasonable price, what is need when needed,
minimize risk, maximize competition and maintain integrity
What part of the judicial system make laws and influences public procurement by establishing policies
and regulations? - Answers Legislative
What part of the judicial system carries out laws? - Answers Executive
What part of the judicial system interprets the laws and settles dispute relating to procurement actions?
- Answers Judiciary
Roles of the central procurement officie - Answers service, staff advisory and line functions
What are the different ways a central procurement office can be structured? - Answers single,
centralized and decentralized
What are the different types of authority if the Chief Procurement Officer? - Answers express, implied
and apparent.
The best delegation of authority is ______ - Answers in writing
Decentralized Procurement - Answers delegated to several functional areas within the organization
What is the best structure of a central procurement office - Answers partial decentralization
What is an example of a very large procurement agency - Answers federal
Name 3 types of market influence competition - Answers pure, imperfect and monopoly
What is oligopoly - Answers one market and few sellers
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