1 of 24
Definition
An agency uses a budget in which appropriations are approved for
different classes of expenditures. Each class is broken into sub-classes
against which funding for services and commodities can be applied.
This budget approach maximizes control and ensures financial
accountability. What type of budget is this?
Give this one a try later!
, Program Budget Inventory Management
Monitoring The Desired Outcomes
Line Item Budget
Defined In The Statement Of Work
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2 of 24
Definition
A general contractor (GC) received the Notice to Proceed from a
government agency for a building construction project. After analyzing
the plans and specifications, the GC proposed a substitute material
that would save the agency 20% of the material cost with better
performance. What type of process is this?
Give this one a try later!
Value engineering Supplier development
Value analysis Strategic sourcing
Don't know?
3 of 24
, Definition
The procurement officer of the governmental agency has expressed
serious concerns about the number of repetitive requisitions,
solicitations and purchase orders 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 department
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?
Give this one a try later!
Instituting A Purchasing Card
Instituting a purchasing card program
Program
Fixed-Price Escalation/De-
Line Item Budget
escalation
Don't know?
4 of 24
Definition
An agency wishes to improve its service to its stakeholders and its
productivity. What is the first step it should take?
Give this one a try later!
Definition
An agency uses a budget in which appropriations are approved for
different classes of expenditures. Each class is broken into sub-classes
against which funding for services and commodities can be applied.
This budget approach maximizes control and ensures financial
accountability. What type of budget is this?
Give this one a try later!
, Program Budget Inventory Management
Monitoring The Desired Outcomes
Line Item Budget
Defined In The Statement Of Work
Don't know?
2 of 24
Definition
A general contractor (GC) received the Notice to Proceed from a
government agency for a building construction project. After analyzing
the plans and specifications, the GC proposed a substitute material
that would save the agency 20% of the material cost with better
performance. What type of process is this?
Give this one a try later!
Value engineering Supplier development
Value analysis Strategic sourcing
Don't know?
3 of 24
, Definition
The procurement officer of the governmental agency has expressed
serious concerns about the number of repetitive requisitions,
solicitations and purchase orders 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 department
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?
Give this one a try later!
Instituting A Purchasing Card
Instituting a purchasing card program
Program
Fixed-Price Escalation/De-
Line Item Budget
escalation
Don't know?
4 of 24
Definition
An agency wishes to improve its service to its stakeholders and its
productivity. What is the first step it should take?
Give this one a try later!
