Certified Texas Purchaser Practice Exam Graded A+

Agent - ANSWER-Authorized to act on behalf of someone else. Vendor - ANSWER-A supplier of goods and/or services. Bid - ANSWER-An offer to contract with the state. Scheduled Purchase - ANSWER-A type of purchase method used to order goods in bulk. Best and Final Offer (BAFO) - ANSWER-The result of final negotiations with responsive vendors during the Request For Proposal (RFP) process. Sealed Bid - ANSWER-A formal written bid opened in public at a designated time and place. Ethics - ANSWER-A set of moral principles or values governing an individual or group. Recuse - ANSWER-To remove oneself from participation to avoid a conflict of interest Addendum - ANSWER-An addition or supplement to a solicitation document. Services - ANSWER-The performance of duties helpful to others excluding the delivery of a tangible product. State purchaser challenges - ANSWER-1. One of many departments within your organization/agency, and you may even work in a field or branch office. 2. You must manage a large part of your organization/agency that you cannot see, and work with people you may never meet. 3. Each department is motivated by different goals, may have different cultures from the purchasing department. Purchasing - ANSWER-The act, function, and responsibility for the acquisition of equipment, materials, services, and construction required by an organization to satisfy the needs of the requestor at the best value for the state while conforming to ethical business practices. Purchasing current trends - ANSWER-1. Improving the process by involving multiple parties in the planning process.