Cppo practice - Study guides, Class notes & Summaries

Market - A buyer wants to spot buy propane. Which analysis process should be used to determine when to buy? a. Demand b. Supply c. Performance d. Market Mean Absolute Deviation - Forecasts are never completely accurate. Which calculation demonstrates the degree of accuracy? a. Weighted moving average b. Absolute value of errors c. Mean Absolute Deviation d. Economic Order Quantity Developing alternate procurement operations locations - An entity located on the Gulf of Mexico is deve...

The entity's source list is outdated and they are looking for alternate methods to communicate solicitations. Which is a mandatory requirement of the alternative method? - Correct Answer-Meet all formats required by law and regulation. The goal of the Facilities Manager is to keep entity buildings clean. The manager is negotiating a new custodial services contract. He wants to obtain consistent high quality performance. Which type of contract should he negotiate? - Correct Answer-Fixed-Price...

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CPPO PRACTICE TEST QUESTIONS & ANSWERS, GRADED A+/ VERIFIED. $101,750 - -The IT Department is purchasing five (5) large format printers. Each printer has a life span of 7 years with a per unit price of $6,280. The toner cartridge must be replaced quarterly; the price per cartridge is $325. The annual maintenance contract per unit has a price of $710. What is the life cycle cost for this purchase? a. $98,650 b. $114,310 c. $101,750 d. $88,850 $171,481.00 - -The Fleet Department is c...

A procurement official wants to make sure that the price is right and cost effective - Correct Answer-Conduct a requirements analysis Which of the following is NOT a criterion to judge the efficiency of a rational budget decision model? - Correct Answer-Intrasector efficiency What does an Enterprise Resource Planning system provide beyond what an eProcurement system provides? - Correct Answer-An integrated accounting system The procurement official reminded his staff that cost avoidance...

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CPPO Practice Test Questions Answered 100% Correct Market - A buyer wants to spot buy propane. Which analysis process should be used to determine when to buy? a. Demand b. Supply c. Performance d. Market Mean Absolute Deviation - Forecasts are never completely accurate. Which calculation demonstrates the degree of accuracy? a. Weighted moving average b. Absolute value of errors c. Mean Absolute Deviation d. Economic Order Quantity Developing alternate procurement operations location...

Market - Answer- A buyer wants to spot buy propane. Which analysis process should be used to determine when to buy? a. Demand b. Supply c. Performance d. Market Mean Absolute Deviation - Answer- Forecasts are never completely accurate. Which calculation demonstrates the degree of accuracy? a. Weighted moving average b. Absolute value of errors c. Mean Absolute Deviation d. Economic Order Quantity Developing alternate procurement operations locations - Answer- An entity located on t...