QPA Exam Review Questions with Detailed
Verified Answers
Responsibility rests with an authorized professional and is not
incidental to other functions. ANSWER: What is a centralized purchasing
system?
What is the purpose of the UCC? ANSWER: 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
Express authority, implied authority, and apparent authority ANSWER:
What is the three types of authority an agent has?
Competitive sealed bidding, competitive contracting, and competitive
quotations. ANSWER: What are the types of contracts?
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 ANSWER: What are the 6 R's of purchasing?
, 2 | Page
communication, cooperation, and coordination ANSWER: What are the 3
C's?
1) Bid proposals, 2) Requisition, 3) Purchase order, 4) Receiving report,
4) Voucher ANSWER: What are the basic purchasing forms?
40A:11-1 et seq (short title citation) ANSWER: What is the Local Public
Contracts Law?
Notice to bidders, bid proposal form, consent of surety,
acknowledgment of receipt of addenda, stockholder disclosure
certification, business registration certificate, and Non-collusion
affadavit. ANSWER: What are some types of forms required in
Specifications?
Notice to bidders, bid proposal form, consent of surety,
acknowledgment of receipt of addenda, stockholder disclosure
certification, business registration certificate, and Non-collusion
affadavit ANSWER: What are some types of forms required in
Specifications?
Cooperative pricing, joint purchasing system, county cooperative
contract purchasing, and regional cooperative pricing. ANSWER: What
are the different types of purchasing systems?
Verified Answers
Responsibility rests with an authorized professional and is not
incidental to other functions. ANSWER: What is a centralized purchasing
system?
What is the purpose of the UCC? ANSWER: 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
Express authority, implied authority, and apparent authority ANSWER:
What is the three types of authority an agent has?
Competitive sealed bidding, competitive contracting, and competitive
quotations. ANSWER: What are the types of contracts?
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 ANSWER: What are the 6 R's of purchasing?
, 2 | Page
communication, cooperation, and coordination ANSWER: What are the 3
C's?
1) Bid proposals, 2) Requisition, 3) Purchase order, 4) Receiving report,
4) Voucher ANSWER: What are the basic purchasing forms?
40A:11-1 et seq (short title citation) ANSWER: What is the Local Public
Contracts Law?
Notice to bidders, bid proposal form, consent of surety,
acknowledgment of receipt of addenda, stockholder disclosure
certification, business registration certificate, and Non-collusion
affadavit. ANSWER: What are some types of forms required in
Specifications?
Notice to bidders, bid proposal form, consent of surety,
acknowledgment of receipt of addenda, stockholder disclosure
certification, business registration certificate, and Non-collusion
affadavit ANSWER: What are some types of forms required in
Specifications?
Cooperative pricing, joint purchasing system, county cooperative
contract purchasing, and regional cooperative pricing. ANSWER: What
are the different types of purchasing systems?
