CTCM certification exam UPDATED Questions and CORRECT Answers

CTCM certification exam UPDATED
ACTUAL Questions and CORRECT
Answers
Who is the central authority for state agency procurement guidance, education, and statewide
contract development services? - CORRECT ANSWER - Texas comptroller of public
accounts statewide procurement division -SPD


What does CPA stand for? - CORRECT ANSWER - Comptroller of Public Accounts



What does SPD stand for? - CORRECT ANSWER - Statewide Procurement Department



What are the SPD functions (4)? - CORRECT ANSWER - Managing stateside contracts
exercising procurement
delegation of specific purchases
provide guidance on procurement


What is the 1st part of procurement cycle? - CORRECT ANSWER - Planning and
defining the business need


What is the 2nd part of procurement cycle? - CORRECT ANSWER - Method
determination


What is the 3rd cycle of procurement? - CORRECT ANSWER - Vender selection



What is the 4th part of the cycle of procurement? - CORRECT ANSWER - Contract
award and formation

,Last part (5th) of procurement cycle - CORRECT ANSWER - Contract management-to
administer and enforce


Term that refers to all aspects of sourcing activities including drafting and issuing the
solicitation, evaluation of responses, selection of successful respondents, the negotiation of
contacts, and the actual purchasing of goods or services? - CORRECT ANSWER -
Procurement


Term that refers to the mechanical or administrative process of how goods and services are
ordered as well as the receipt and processing of requisitions, development of specifications,
development of statements of work and the verification of the inspection of merchandise or
receipt of services by the agency? - CORRECT ANSWER - Purchasing


Who is entrusted to uphold the highest ethical standards and be good stewards of public funds? -
CORRECT ANSWER - Public Procurement professionals



What are the fundamentals of procurement (5)? - CORRECT ANSWER - Fairness
Transparency/Honesty
Best value for state
Accountability
Good stewards of public funds


What actions are taken prior to contract execution? - CORRECT ANSWER - Contract
development


What actions are taken following contract execution? - CORRECT ANSWER - Contract
management


The initial value of the contract, plus any amendments, renewals, and extensions for the contracts
full existence is called? - CORRECT ANSWER - Contract value

, What makes up the statewide procurement division (5)? - CORRECT ANSWER -
Contract development
Contract management
Statewide fleet, travel, and mail
HUB
Procurement policy and outreach


What entity delegates purchasing authority to state agencies for non-IT goods and services? -
CORRECT ANSWER - SPD


The ability of an agency to purchase goods and services using state funds is called? - CORRECT
ANSWER - Purchasing Authority



Assigning purchasing authority to an agency is called? - CORRECT ANSWER -
Delegation of Purchasing Authority


Who does the day to day contract management? - CORRECT ANSWER - SW contract
Management team


What is OMR? - CORRECT ANSWER - Open market requisition


Who processes open market requisitions on behalf of state agencies? - CORRECT
ANSWER - SW contract development team



What does TXMAS stand for? - CORRECT ANSWER - Texas multiple award schedule



What are TXMAS contracts for? - CORRECT ANSWER - Large volumn of non-IT goods
and services