Procurement purchasing - Study guides, Class notes & Summaries

CON 170 Fundamentals of Cost and Price Analysis MIDTERM EXAM_2023. 1. Which of the following statements most closely summarizes government pricing objectives? b. Acquire goods and services from responsible sources at fair and reasonable prices. 2. As a contract specialist, you should be aware that: a) Different sellers in the same market may have different pricing objectives and approaches. b) Sellers in different markets often have different approaches to contract pricing. c) A single fir...

FIM3701 ASSIGNMENT 1 SEMESTER 1 2023 100% TRUSTED workings, explanations and solutions. 1. Select only the statement that are true: (2) A. Companies with well diversified portfolios of projects should only be concerned with the market risk as quantified by the Beta coefficient of the portfolio. B. One method of incorporate risk into a capital budget is to use a risk-adjusted discount rate. C. None of the other statements/options is correct. D. It is impossible to reduce diversif...

The American legal system looks to statutory law, common law and administrative law for guidance. T/F correct answer: TRUE Antitrust laws help to prevent bid rigging. correct answer: TRUE Public procurement professionals only need to know about state law and are not governed by federal laws. T/F correct answer: FALSE Tort law is criminal law and is applicable to all precontract proceedings. T/F correct answer: FALSE An agent is the primary person who has authority to assign autho...

Well-structured SCH4801 Assignment 2 (ANSWERS) 2024 - DISTINCTION GUARANTEED. (DETAILED ANSWERS - DISTINCTION GUARANTEED!)..... SECTION A TOTAL:[24 MARKS] Please read the case study below before answering any questions. SCH4801 ASSIGNMENT 2 2024 Page 7 of 16 Nando’s: A Triumph of Supply Chain Excellence Nando’s, a South African casual dining restaurant chain renowned for its delectable flame-grilled peri-peri chicken, has had a remarkable journey that started in 1987 in Johannesburg, So...

CTCM (SPD Exam Study Guide 2024) with Complete SolutionsCTCM (SPD Exam Study Guide 2024) with Complete SolutionsCTCM (SPD Exam Study Guide 2024) with Complete SolutionsCTCM (SPD Exam Study Guide 2024) with Complete Solutions Procurement Roles - ANSWER-Purchasing, contract development and contract management Purchasing - ANSWER-Receipt and processing of requisitions, issuance of purchase orders against existing contracts, and verification of inspection of merchandise or receipt of services. D...

QUESTION 1 1. Which of the following is a correct statement of Fiscal Law Philosophy: If the law is silent as to whether a purchase can be made, it is probably safe to spend appropriated funds. authorized by Congress. If the commander says buy it, don’t worry about Fiscal Law Regulations. Absent a specific prohibition, expending appropriated funds is permitted. 20 points QUESTION 2 1. It is July 2010. The contracting officer at Fort Mason is about to award a contract for a comput...

CPPO Practice Exam with Questions and Answers 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 operatio...

DAU ACQ 0030 OVERVIEW OF ACQUISITION ETHICS ACTUAL EXAM ONLINE TRAINING WRITTEN QUESTIONS AND ANSWERS Which of the following is not true of core ethical principles for government and contractor acquisition professionals? Which of the following statements is correct? A Congresswoman from the 3rd District testified on Capitol Hill about the poor results of tests performed by the contractor on the new procurement project. Afterwards, in a meeting with the contractor's Project Manager,...

Procurement Roles - ANSWER-Purchasing, contract development and contract management Purchasing - ANSWER-Receipt and processing of requisitions, issuance of purchase orders against existing contracts, and verification of inspection of merchandise or receipt of services. Does NOT include development of solicitations or awards that must be posted to ESBD Contract Development - ANSWER-Processing of requisitions, need assessments, development of specs, development of SOWs, selection of procurem...

CIPS L4M1 Scope and Influence of Procurement and Supply correctly answered 2024 What is Procurement? - correct answer Procurement is a STRATEGIC function of a business obtains something Tangible as goods or Intangible as services. Include Purchasing Inventory, Logistics, Supply, Waste Management Quality, Cost, Added Value What is Purchasing? - correct answer Is the ACT of physically ordering and buying something. What is Supply? - correct answer Is the INFRASTRUCTURE which ensures that...