CPPB - Intro to Public Procurement
UPDATED ACTUAL Exam Questions and
CORRECT Answers
Public procurement is.... - CORRECT ANSWER - The designated legal authority to advise,
plan, obtain, deliver, and evaluate a government's expenditures on goods and services that are
used to fulfill stated objectives, obligations, and activities in pursuit of desired policy outcomes.
Materials Management... - CORRECT ANSWER - embraces all functions related to the
control and coordination of the movement of goods and maintenance, repair and operating items
to, through, and out of the organization.
May include functions such as purchasing, storage, inventory control, material forecasting,
receiving, transportation, inspection, and quality control.
Name the functions Materials Management includes... - CORRECT ANSWER - purchasing,
storage, disposal, material forecasting, inventory control, preparing requisitions, developing
specifications, receiving, quality control and inspection.
Public Procurement value-adding benefits are... - CORRECT ANSWER - quality, cost
(including total cost of ownership), service, continuity of supply, and time.
Goals of public procurement - CORRECT ANSWER - Cost
Quality
Timeliness
Managing Risk
Accomplishing Social and Economic Objectives
Maximizing Competition
Maintaining Integrity and Transparency
, Cost is... - CORRECT ANSWER - The actual expenses incurred in delivering a product,
service, or construction; includes both direct and indirect costs, but does not include fee or profit
from the vendor.
Quality is.. - CORRECT ANSWER - 1. The function of excellence, intrinsic value, or grade as
determined over time by society generally or by designated bodies in specialized fields.
2. The composite of all attributes or characteristics, including performance, that satisfy the user's
needs.
3. Conformance with the stated requirements.
Timeliness is... - CORRECT ANSWER - delivering the requisitioned supplies to the end-user
at the time necessary for the end-user's purposes.
Managing Risk is... - CORRECT ANSWER - the process of identification and analysis of
risk; and the decision to either accept or mitigate the exposure to such risk when compared to the
potential impact on the achievement of the organization's objectives.
Davis-Bacon and Service Contract Acts socio-economic objectives are... - CORRECT
ANSWER - pay prevailing wages for work on government contracts.
Clean Air and Clean Water Acts socio-economic objectives are... - CORRECT ANSWER - to
protect the environment.
Buy American Act socio-economic objectives are... - CORRECT ANSWER - to protect
American economy and provide employment opportunities for American workers.
Executive Orders 11141 and 11246 socio-economic objectives are... - CORRECT ANSWER -
to ensure equal employment opportunity.
Veterans Preference Act socio-economic objectives are... - CORRECT ANSWER - to promote
the hiring of veterans.
UPDATED ACTUAL Exam Questions and
CORRECT Answers
Public procurement is.... - CORRECT ANSWER - The designated legal authority to advise,
plan, obtain, deliver, and evaluate a government's expenditures on goods and services that are
used to fulfill stated objectives, obligations, and activities in pursuit of desired policy outcomes.
Materials Management... - CORRECT ANSWER - embraces all functions related to the
control and coordination of the movement of goods and maintenance, repair and operating items
to, through, and out of the organization.
May include functions such as purchasing, storage, inventory control, material forecasting,
receiving, transportation, inspection, and quality control.
Name the functions Materials Management includes... - CORRECT ANSWER - purchasing,
storage, disposal, material forecasting, inventory control, preparing requisitions, developing
specifications, receiving, quality control and inspection.
Public Procurement value-adding benefits are... - CORRECT ANSWER - quality, cost
(including total cost of ownership), service, continuity of supply, and time.
Goals of public procurement - CORRECT ANSWER - Cost
Quality
Timeliness
Managing Risk
Accomplishing Social and Economic Objectives
Maximizing Competition
Maintaining Integrity and Transparency
, Cost is... - CORRECT ANSWER - The actual expenses incurred in delivering a product,
service, or construction; includes both direct and indirect costs, but does not include fee or profit
from the vendor.
Quality is.. - CORRECT ANSWER - 1. The function of excellence, intrinsic value, or grade as
determined over time by society generally or by designated bodies in specialized fields.
2. The composite of all attributes or characteristics, including performance, that satisfy the user's
needs.
3. Conformance with the stated requirements.
Timeliness is... - CORRECT ANSWER - delivering the requisitioned supplies to the end-user
at the time necessary for the end-user's purposes.
Managing Risk is... - CORRECT ANSWER - the process of identification and analysis of
risk; and the decision to either accept or mitigate the exposure to such risk when compared to the
potential impact on the achievement of the organization's objectives.
Davis-Bacon and Service Contract Acts socio-economic objectives are... - CORRECT
ANSWER - pay prevailing wages for work on government contracts.
Clean Air and Clean Water Acts socio-economic objectives are... - CORRECT ANSWER - to
protect the environment.
Buy American Act socio-economic objectives are... - CORRECT ANSWER - to protect
American economy and provide employment opportunities for American workers.
Executive Orders 11141 and 11246 socio-economic objectives are... - CORRECT ANSWER -
to ensure equal employment opportunity.
Veterans Preference Act socio-economic objectives are... - CORRECT ANSWER - to promote
the hiring of veterans.
