Misc. questions/terms to study for cppb
UPDATED ACTUAL Exam Questions and
CORRECT Answers
Purpose of a cost analysis - CORRECT ANSWER - It is a review and evaluation of the
suppliers actual or anticipated cost data
Competitive Negotiations - CORRECT ANSWER - Primary considerations for using is price
is not the main concern for determining the successful contractor
Common Law - CORRECT ANSWER - Law based on customs and usage and confirmed by
court decisions.
Principled Negotiations - CORRECT ANSWER - Negotiates on the merits includes separating
the people from the problem, focusing on the interests not the positions, inventing options for
mutual gain, and using objective criteria.
Risk Management - CORRECT ANSWER - It minimizes adverse effects through planning,
organizing, directing and controlling resources and activities
Show-cause notice - CORRECT ANSWER - If the termination for default appears appropriate
this should be issued
Exception Inspection - CORRECT ANSWER - The agency depends on the end user to report
defects after a cursory inspection for obvious damage when unpacked is done.
Volume and timing - CORRECT ANSWER - Main considerations when developing a plan for
purchase of fuel oil.
Trendlines - CORRECT ANSWER - Illustrates short term spend patterns for commodities
, Value Analysis - CORRECT ANSWER - When determining the cost of ownership over the
life span of and asset this is best to use. The Systematic process used in the design of products
with the required level of quality and performance at the most economic cost.
Civil Law - CORRECT ANSWER - Reference to the body of law affecting the relationship
among individuals. Contract law is an example.
Price Analysis - CORRECT ANSWER - Process of examining and evaluating a prospective
price without evaluating the separate cost elements and profit of the offeror included in that
price.
Administrative Law - CORRECT ANSWER - Rules, regulations, and executive orders
promulgated by governmental administrative or regulatory agencies. Generally enacted to make
statues and ordinances more specific. Has the force and effect of law.
Ordinances - CORRECT ANSWER - Refers to laws that county and municipal legislative
bodies, such as boards of supervisors and city councils pass applicable to those jurisdictions.
May include requirements of specific to the procurement of supplies and services.
Ambiguity - CORRECT ANSWER - Contract language that is capable of being understood to
have more than one meaning.
Cure Notice - CORRECT ANSWER - Contract administration action of issuing a notice to the
contractor for failure. Unless the condition is resolved within 30 days after receipt, the contract
may be terminated.
Benchmarking - CORRECT ANSWER - Techniques used to identify best practices used by
other agencies.
Implied Contract - CORRECT ANSWER - A contract that is not written but rather inferred as
a matter of reason and justice from the parties act or conduct.
UPDATED ACTUAL Exam Questions and
CORRECT Answers
Purpose of a cost analysis - CORRECT ANSWER - It is a review and evaluation of the
suppliers actual or anticipated cost data
Competitive Negotiations - CORRECT ANSWER - Primary considerations for using is price
is not the main concern for determining the successful contractor
Common Law - CORRECT ANSWER - Law based on customs and usage and confirmed by
court decisions.
Principled Negotiations - CORRECT ANSWER - Negotiates on the merits includes separating
the people from the problem, focusing on the interests not the positions, inventing options for
mutual gain, and using objective criteria.
Risk Management - CORRECT ANSWER - It minimizes adverse effects through planning,
organizing, directing and controlling resources and activities
Show-cause notice - CORRECT ANSWER - If the termination for default appears appropriate
this should be issued
Exception Inspection - CORRECT ANSWER - The agency depends on the end user to report
defects after a cursory inspection for obvious damage when unpacked is done.
Volume and timing - CORRECT ANSWER - Main considerations when developing a plan for
purchase of fuel oil.
Trendlines - CORRECT ANSWER - Illustrates short term spend patterns for commodities
, Value Analysis - CORRECT ANSWER - When determining the cost of ownership over the
life span of and asset this is best to use. The Systematic process used in the design of products
with the required level of quality and performance at the most economic cost.
Civil Law - CORRECT ANSWER - Reference to the body of law affecting the relationship
among individuals. Contract law is an example.
Price Analysis - CORRECT ANSWER - Process of examining and evaluating a prospective
price without evaluating the separate cost elements and profit of the offeror included in that
price.
Administrative Law - CORRECT ANSWER - Rules, regulations, and executive orders
promulgated by governmental administrative or regulatory agencies. Generally enacted to make
statues and ordinances more specific. Has the force and effect of law.
Ordinances - CORRECT ANSWER - Refers to laws that county and municipal legislative
bodies, such as boards of supervisors and city councils pass applicable to those jurisdictions.
May include requirements of specific to the procurement of supplies and services.
Ambiguity - CORRECT ANSWER - Contract language that is capable of being understood to
have more than one meaning.
Cure Notice - CORRECT ANSWER - Contract administration action of issuing a notice to the
contractor for failure. Unless the condition is resolved within 30 days after receipt, the contract
may be terminated.
Benchmarking - CORRECT ANSWER - Techniques used to identify best practices used by
other agencies.
Implied Contract - CORRECT ANSWER - A contract that is not written but rather inferred as
a matter of reason and justice from the parties act or conduct.
