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Cppb Study guides, Class notes & Summaries
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CPPB EXAM (PACKAGE) 100% CORRECT STUDY QUESTIONS AND ANSWERS GRADED A+
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CPPB EXAM (PACKAGE) 100% CORRECT STUDY QUESTIONS AND ANSWERS GRADED A+
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CPPB Exam Questions & Answers 2024/2025
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CPPB Exam Questions & Answers 2024/2025 
 
 
Procurement Technology - ANSWERSHelps accelerate business improvements 
 
Results Oriented Budgeting - ANSWERSAttempts to link a resource allocation to performance criteria 
 
Budget Cycle - ANSWERS1. Planning 2. Formalization 3. implementation 4. evaluation 
 
Procurement Cards - ANSWERSpayment method whereby internal customers are empowered to deal directly with suppliers using a credit card 
 
Four principles of negotiation - ANSWERS1. separate peo...
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CPPB Prep Guide Quizzes With Solutions(Graded A+)
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An entity purchases several different types of mobile phones to meet employees' preferences. This is causing inefficiencies. What action can be taken to address and correct the inefficiencies? A. creation of performance specifications B. sole sourcing C. benchmarking D. standardization - ANSWER standardization 
 
A buyer has been invited to join a supplier account rep for lunch to discuss the performance of a contract. How should the buyer respond to the invitation? A. decline the supplier's o...
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CPPB TEST - DOMAIN V Correctly Answered!!
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LAST-IN FIRST OUT (LIFO) - ANSWER Utilized in Private Sector. 
Due to taxes, it is beneficial to use the latest received item 
 
JUST-IN-TIME (JIT) INVENTORY - ANSWER Inventory system in which companies manufacture or purchase goods just in time for use. Technique focused on the inventory reduction and value- added activity. 
 
SCRAP - ANSWER Consist of ferrous and non-ferrous metal as well as non-metallic scrap such as wood, paper, plastic and other materials that do not meet requirements or st...
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CPPB PRACTICE TEST Accurate 100%(RATED A+)
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Legal and statutory requirements - ANSWER An agency is revising its document retention schedule. To what should the governmental entity look for guidance? 
 
Cooperative Contract - ANSWER An agency is looking into cooperative purchasing practices. After conducting some analysis, the agency would like to "piggyback" its purchases with other agencies that are participating in cooperative purchasing. When using a "piggyback" method, what would the arrangement be called? 
 
Instituting a purchas...
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CPPB Exam Complete Questions & Answers(Latest Update 2024)
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Surety - ANSWER A pledge or guarantee by an insurance company, bank, individual, or corporation on behalf of the bidder/proposer to satisfy the contractual obligations. 
 
accountability - ANSWER the principle that employees who accept an assignment and the authority to carry it out are answerable to a superior for the outcome. 
 
acceptance - ANSWER 1. Indication that all parties to the contract agree to be bound by the terms of the contract. 
2. An indication by one party of a willingness to ...
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CPPB exam prep Complete Questions & Answers(RATED A+)
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What does the procurement policy of an entity reflects? - ANSWER -The entity's legal system 
-The goals and values of the entity 
-Policies and practices federal-level entities use to acquire goods and services; this may not apply to state or local entities 
 
What should the overall purpose of a procurement policy manual be? - ANSWER -Establish the legal authority of the procurement function within the entity. 
-Simplify, clarify, and reflect the laws governing procurement 
-Enable uniform p...
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CPPB Exam Complete Questions and Solutions(RATED A+)
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Procurement Technology - ANSWER Helps accelerate business improvements 
 
Results Oriented Budgeting - ANSWER Attempts to link a resource allocation to performance criteria 
 
Budget Cycle - ANSWER 1. Planning 2. Formalization 3. implementation 4. evaluation 
 
Procurement Cards - ANSWER payment method whereby internal customers are empowered to deal directly with suppliers using a credit card 
 
Four principles of negotiation - ANSWER 1. separate people from the problem 
2. create a variety of...
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CPPB Practice Test, Domain I. Procurement Administration Correct 100%CPPB Practice Test, Domain I. Procurement Administration Correct 100%
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An entity purchases several different types of mobile phones to meet employees' preferences. This is causing inefficiencies. What action can be taken to address and correct the inefficiencies? - ANSWER Standardization 
 
A buyer has been invited to join a supplier account representative for lunch to discuss the performance of a contract. How should the buyer respond? - ANSWER Decline the supplier's offer and suggest a meeting in the office. 
 
A buyer has been working on a solicitation for sev...
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CPPB Prep Course - Practice Test Correct 100%(RATED A+)
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FIXED-PRICE WITH ESCALATION/DE-ESCALATION - ANSWER The purchasing officer of the governmental agency has expressed serious concerns about the number of repetitive requisitions, solicitations and POs that are being processed to purchase gasoline for the organization. Every time a new order is placed, another requisition is created and the prices paid by each dept. are not consistent; sometimes more and sometimes less depending on competition and timing. The buyer advises that the solution would b...
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CPPB Exam Prep Complete Questions and Answers(Scored A+)
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Cost Plus Percentage of Cost Contracts - ANSWER An agreement on a construction project in which the contractor is provided a specified percentage profit over and above the actual costs of construction. These contracts are considered poor business practice because the contractor has little incentive to hold down costs. The type of costing method is prohibited in Federal purchasing. 
 
Procurement - ANSWER Includes purchasing, contract administration, inventory, receiving and disposal. 
 
Integrit...
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EXAM BUNDLE(COMPLETE PACKAGE)CPPB Exam Complete Questions & Answers(Latest Update 2024)
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EXAM BUNDLE(COMPLETE PACKAGE)CPPB Exam Complete Questions & Answers(Latest Update 2024)EXAM BUNDLE(COMPLETE PACKAGE)CPPB Exam Complete Questions & Answers(Latest Update 2024)EXAM BUNDLE(COMPLETE PACKAGE)CPPB Exam Complete Questions & Answers(Latest Update 2024)EXAM BUNDLE(COMPLETE PACKAGE)CPPB Exam Complete Questions & Answers(Latest Update 2024)