CPPB Prep Course - Practice Test questions with correct answers

FIXED-PRICE WITH ESCALATION/DE-ESCALATION - Correct 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 be to use what type of contract? INSTITUTING A PURCHASING CARD PROGRAM - Correct Answer-A Govt agency with a centralized purchasing dept. has a threshold for small purchases of $1000 and three quotes are required above that figure. There has been a steady increase in the number of requisitions along with recent complaints from internal customers about it taking too long to buy what they need. Which of the following action is most likely to have the biggest impact on reducing costs and saving time in the long run? ADDRESS W/ ON-SITE SUPVSR/CONTRACTOR - Correct Answer-A Govt agency has been having problems with a supplier's performance and may terminate their contract with the supplier. Which of the following would be the best first step in addressing the issue with the supplier?