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QPA Exam Review Questions and Answers
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Q: Responsibility rests with an authorized professional and is not incidental to
other functions.
Ans✅ ✅: What is a centralized purchasing system?
Q: What is the purpose of the UCC?
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Ans✅ ✅: To simplify, clarify, and modernize the law governing commercial
transaction; to permit the continued expansion of commercial practices through
custom, usage and agreement of the parties; and, to make uniform the law among the
various jurisdictions
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Q: Express authority, implied authority, and apparent authority
Ans✅ ✅: What is the three types of authority an agent has?
Q: Competitive sealed bidding, competitive contracting, and competitive
quotations.
Ans✅ ✅: What are the types of contracts?
Q: Goods and services must be recognized in the Right time, at the right price, in
the right quality, in the right quantity, from the right source and in the right
manner
Ans✅ ✅: What are the 6 R's of purchasing?
Q: communication, cooperation, and coordination
Ans✅ ✅: What are the 3 C's?
Q: 1) Bid proposals, 2) Requisition, 3) Purchase order, 4) Receiving report, 4)
Voucher
, 2
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Ans✅ ✅: What are the basic purchasing forms?
Q: 40A:11-1 et seq (short title citation)
Ans✅ ✅: What is the Local Public Contracts Law?
Q: Notice to bidders, bid proposal form, consent of surety, acknowledgment of
receipt of addenda, stockholder disclosure certification, business registration
certificate, and Non-collusion affadavit.
Ans✅ ✅: What are some types of forms required in Specifications?
Q: Notice to bidders, bid proposal form, consent of surety, acknowledgment of
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receipt of addenda, stockholder disclosure certification, business registration
certificate, and Non-collusion affadavit
Ans✅ ✅: What are some types of forms required in Specifications?
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Q: Cooperative pricing, joint purchasing system, county cooperative contract
purchasing, and regional cooperative pricing.
Ans✅ ✅: What are the different types of purchasing systems?
Q: New Jersey Administrative Code
Ans✅ ✅: What does N.J.A.C stand for?
Q: New Jersey Statute annotated
Ans✅ ✅: What does N.J.S.A. stand for?
Q: Division of Revenue and Enterprise Services (DORES)
Ans✅ ✅: What does DORES stand for?
Q: Remaing amount means the value of similar goods and services that are
needed for the remainder of the current year, plus those similar goods and
services to be needed in the subsequent contract year.