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CPPB Prep
| Question | Answer |
|---|---|
| Goals of Public Procurement | Cost, Quality, Timeliness, Managing Risks, Accomplishing Social and Economic Objectives, Maximizing Competetion, Maintain Integrity and Transparency |
| Executive Branch | Heart of Public Procurement |
| Legislature Branch | Enacts laws |
| Judiciary Branch | Decides issues that come up |
| Centralized Benefits | Minimizes duplication, assures accountability, Promotes consistency, Provides max competition, Volume discounts, better inventory control, reduce cost |
| UCC Requirements Delivery & Acceptance | Seller's responsibility to make goods available, Reasonable time to deliver goods, Reasonable time to inspect goods |
| UCC Requirements Payment | Upon receipt, buyer is obligated to pay; payment is due upon receipt, Include entity payment policy in contract or PO |
| What is the fundamental purchasing responsibility? | To provide the right quantity, of the right quality, at the right place, at the right time |
| To be most effective, purchasing must? | Establish a combination of centralized and decentralized operations |
| True Purchasing Professionals will? | Be aware of the impact of the pruchasing profession on the environment in which they act |
| Two primary kinds of compensation arrangements for contracts are? | Fixed price and cost |
| The process of establishing an agreement on the characteristics and quality of products to be purchasing is known as? | Standardization |
| Term contracts are often called? | Requirements contracts |
| The attempt to reduce the contractually agreed delivery time of a product is? | Expediting |
| When the desired result is to insure acceptable performance and development on a contract, the buyer should utilize? | Progress payment plan |
| State grants issued to local governments will be managed under the laws of? | The issuing state |
| State laws regulating commerce are known as? | The Uniform Commercial Code |
| Competitive bidding is a fundamental purchasing process that is? | Used to obtain the right quality at minimum cost |
| To aid in determining suppliers' responsibility for a bidders list, a good practice is? | A pre-qualification process |
| Failure to sign a bid may be considered a minor irregularity when? | Evidence is submitted with the bid that clearly shows the bid was the one intended by the bidder; failure to sign was an oversight |
| A purchaser may foster opportunities for disadvantaged business by? | Identifying through organizations that are dedicated to assisting them, Removing small business prohibitive requirements and reducing dollar amount for surety bonds |
| Two of the responsibilities of the purchasing agent when handling excess, waste and scrap are? | Disposal of the material or reallocating within the entity |
| Although a salvage program many not be cost effective, the entity is most likely to proceed with the program because? | Legal and environmental factors demand such programs |
| Documents in the purchasing department? | Includes manuals, lists, forms, records, files and reports |
| Factors to consider in a records retention schedule include? | Legal, administrative and historical requirements |
| Good management reports? | Save the reader time |
| When purchasing bona fide sole source items? | The contract should be negotiated |
| The four types of fixed price contracts are? | Firm, escalation, incentive, and redetermination |
| What type of violations attempt to restrain trade commerce? | Antitrust |
| Which of the federal laws prohibits price discrimination, tying arragements, and certain mergers and acquisitions? | The Clayton Act, amended 1936 |
| The use of which cost-type contract is prohibited in most jurisdictions and by the US Government? | Cost plus percentage of cost |
| Which type of contract establishes a source of supply and pricing for specified items or services for a specified period? | Term |
| Under the shipping term FOB Shipping Point | Title passes to buyer when goods leave supplier's dock |
| Which type of contract is intended to encourage the contractor to effectively manage contract costs to the mutual benefit of both parties? | Fixed-price and incentive |
| Which type of transportation service is not subject to economic regulation by the ICC? | Private carriers |
| What is the essential purpose of an inspection? | To ensure the quality of the goods received, verify the product specsifications have been met, and to protect the using agency from receiving unacceptable goods. |
| A market in which few companies dominate with the power to control price is called? | Oligopoly |
| The official listing for all items carried in inventory is the? | Commodity catalog |
| Effective reporting and documentation will? | Facilitate a buyer's ability to deal effectively with suppliers |
| Inventory classifications serve what purpose? | They facilitate inventory management by arranging inventory according to its purpose |
| What are the necessary elements for a successful warehouse operation? | Deciding wheather to keep certain items on hand, deciding how to manage stored items in an economical, efficient, and effective manner, and supporting government operations |
| The difference between random stock and fixed stock location system? | A random system maximizes space utilization |
| Sellers banding together to control the price they are willing to charge for certain commodities is? | Price fixing |
| Competitive sealed bidding is the preferred method of source selection because? | Promotes price competition |
| The purpose of determining the Economic Order Quantity (EOC) is to | Balance ordering and carrying costs, establish the optimum order quantity, and reduce some purchasing costs |
| The primary reason for a closed stores system is to? | Physical control movement of goods and personnel |
| The factors that affect the decision to stock or not to stock an item include? | Special storage conditions, Freight costs, and Lead time of an item |
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