CPPB Exam Questions With Revised Correct Answers | Updated & Already Passed |

CPPB Exam Questions With Revised Correct Answers | Updated & Already Passed | Radio frequency identification (RFID) - ANSWER : New approaches to distribution and inventory managements. Vendor Managed Inventory - ANSWER : Mostly in private sector, where vendor manages inventory. Electronic signatures - ANSWER : Digital signatures that permit sending authentic electronic documents. Uses a complex mathematical formula to calculate and attach a certificate to the message that verifies the signers identity. Joint use ventures - ANSWER : Agreement between various governmental agencies that may involve the joint use of public property such as buildings and equipment These agreements max the value for the taxpayer but jurisdictional/territorial rights are diminished.. Code of Ethics - ANSWER : Based on three concepts - Impartiality Demands that all suppliers and contractors are treated equally without discrimination. Honesty - Demands truth in all dealing, both with contractor and the public. Loyalty - Be faithful and dedicated to the entity and remain free from contract of interest, etc. ethics ARE AN IMPORTANT COMPONENT OF PROGESSIONALISM AND SHOULD BE EXTENDED BEYOND THE WORKING ENVIRONMENT, S/B LIFESTYLE. Challenges of globalization - ANSWER : Cultural differences, lead time, trade agreements, Governmental processes, Transportation, Legal considerations, Communications, etc.