CRMP EXAM QUESTIONS AND ANSWERS NEWEST
UPDATED 2024/2025 A COMPLETE BEST SOLUTION
ALL ANSWERS 100% CORRECT DETAILED RATED A+
FOR SUCCESS
Requisitions - CORRECT ANSWERS Formal requests from an end user for either stock
products from a facilities cetnral store or non-stock products from outside the organization
Non-Stock Requisistion - CORRECT ANSWERS Specifies desired products and requires
delivery information. May be used for either one time or repetitive type purchases. Used for
one time or single purchases
Stock Requisistion - CORRECT ANSWERS Used for ordering products that are established in
the MMIS system. Requisitioner only needs to specify the quantity required then the order is
placed. Can be used for storeroom req. as well as purchasee orders
Traveling Requisistion - CORRECT ANSWERS This is an older version of a stock requisistion.
An in-house re-useable requisistion form ususally printed on card stock paper used in a
manual ordering system. Used to obtain repeat, non-stock items that are used regularly but
are not stored in a facilities storeroom.
Electronic Requisition - CORRECT ANSWERS can be created on-line and transmittd to
storeroom or purchasing office. Creates a more accurate order since much of the
information comes from the MMIS system
Purchase Order - CORRECT ANSWERS A contractual legally binding document that details
the buyers terms for acquiring products, services or equipment.
Standing order - CORRECT ANSWERS Used for the automatic delivery of a specific amount
of product on a regular basis. Always has a start and end date. Most useful for the delivery
of buik items with predicatble regular ussage.
Blanket order - CORRECT ANSWERS An agreement that is similar to a standing order in that
it is prenegotiated by the purchasing department, but the vendor does not automatically
ship. Used to consolidate repetitive purchases from a single supplier. A form of an open
account that is limited in terms of the things which can be ordered, who can place the order,
the period for which it is to be open, and the total amount that can be ordered.
,CRMP EXAM QUESTIONS AND ANSWERS NEWEST
UPDATED 2024/2025 A COMPLETE BEST SOLUTION
ALL ANSWERS 100% CORRECT DETAILED RATED A+
FOR SUCCESS
Open Order - CORRECT ANSWERS Pre-negotiated agreeements with suppliers to provide
products on demand without the need for purchase orders or requisisitions. Being replaced
with the procurement card.
Procurement card - CORRECT ANSWERS is a credit card linked to the department general
ledger and allows purchases of goods and services without a requisistion or a purchase
order. Best used for non-medical and non-contract purchases.
Purchasing terms - CORRECT ANSWERS Included but not limited to freight terms and
payment terms.
FOB - CORRECT ANSWERS Free on Board. Referes to the point of delivery for goods,
products and equipment. Also determined the point at which title is passed from supplier to
the delivery site.
FOB Destination - CORRECT ANSWERS Supplier absorbs all transportation costs and files
claimes for damages incurred. The facility does not receive title until the items are on the
dock
FOB Shipping Point - CORRECT ANSWERS The title of goods passes to the facility at the
orgin of shipping. The facility is responsible for all freight costs and for filing any damage
claim.
FOB Destination, Prepay Freight and Add - CORRECT ANSWERS Supplier prepays the freight
charges and adds this cost to the facilties invoice. The supplier is responsible for filing all
damage claims. The title does not transfer till until the items is received at the facility dock
FOB Shipping Point, Freight Allowed - CORRECT ANSWERS Title passes to the facility when
the carrier picks up the goods, but the supplier reimburses the facility for the cost of
shipping
, CRMP EXAM QUESTIONS AND ANSWERS NEWEST
UPDATED 2024/2025 A COMPLETE BEST SOLUTION
ALL ANSWERS 100% CORRECT DETAILED RATED A+
FOR SUCCESS
2%, 10days, net 30 - CORRECT ANSWERS Allows the purchaser to deduct a 2% discount
from the invoice if paid within 10 days of the invoice date; full amount is due 30 days after
invoice date.
COD = Collect on Delivery - CORRECT ANSWERS Must be paid on receipt and includes
Shipping Charges
Pre Pay - CORRECT ANSWERS Payment upfront to a distributor to be held. Buyer receives
credit for payment in the form of a discount against cost of products and services.
Capital Terms - CORRECT ANSWERS For large capital items, payment terms are linked to
specific phases of the project. Advisable to retain some portion of the total payment until
the capital is opertional and acceptable
Liability - CORRECT ANSWERS Obligation by law, and manufactureres or suppliers of goods
and services are obligated to provide safe product to the end user.
Product Liability - CORRECT ANSWERS Refers to defective conditions of products that cause
injury or harm to the user. In cases of product liability, a healthcare organization is most
often considered to be a merchant.
4 Supplier options under wrongful rejection - CORRECT ANSWERS Delivery may be
withheld. Goods may be resold to another buyer. Goods on board a carrier may be diverted
to another buyer. Supplier may sue for damages
4 Buyer options for Failure to deliver - CORRECT ANSWERS Find the goods elsewhere.
Collect the differeence between market price and contract price of the goods from original
supplier. Sue the supplier for ordonary damages. Collect consequential, special and punitive
damages.
"Absence of rightful rejection" - CORRECT ANSWERS Acceptance of goods amd may be
noted by agreement, delivery of goods or by payment
UPDATED 2024/2025 A COMPLETE BEST SOLUTION
ALL ANSWERS 100% CORRECT DETAILED RATED A+
FOR SUCCESS
Requisitions - CORRECT ANSWERS Formal requests from an end user for either stock
products from a facilities cetnral store or non-stock products from outside the organization
Non-Stock Requisistion - CORRECT ANSWERS Specifies desired products and requires
delivery information. May be used for either one time or repetitive type purchases. Used for
one time or single purchases
Stock Requisistion - CORRECT ANSWERS Used for ordering products that are established in
the MMIS system. Requisitioner only needs to specify the quantity required then the order is
placed. Can be used for storeroom req. as well as purchasee orders
Traveling Requisistion - CORRECT ANSWERS This is an older version of a stock requisistion.
An in-house re-useable requisistion form ususally printed on card stock paper used in a
manual ordering system. Used to obtain repeat, non-stock items that are used regularly but
are not stored in a facilities storeroom.
Electronic Requisition - CORRECT ANSWERS can be created on-line and transmittd to
storeroom or purchasing office. Creates a more accurate order since much of the
information comes from the MMIS system
Purchase Order - CORRECT ANSWERS A contractual legally binding document that details
the buyers terms for acquiring products, services or equipment.
Standing order - CORRECT ANSWERS Used for the automatic delivery of a specific amount
of product on a regular basis. Always has a start and end date. Most useful for the delivery
of buik items with predicatble regular ussage.
Blanket order - CORRECT ANSWERS An agreement that is similar to a standing order in that
it is prenegotiated by the purchasing department, but the vendor does not automatically
ship. Used to consolidate repetitive purchases from a single supplier. A form of an open
account that is limited in terms of the things which can be ordered, who can place the order,
the period for which it is to be open, and the total amount that can be ordered.
,CRMP EXAM QUESTIONS AND ANSWERS NEWEST
UPDATED 2024/2025 A COMPLETE BEST SOLUTION
ALL ANSWERS 100% CORRECT DETAILED RATED A+
FOR SUCCESS
Open Order - CORRECT ANSWERS Pre-negotiated agreeements with suppliers to provide
products on demand without the need for purchase orders or requisisitions. Being replaced
with the procurement card.
Procurement card - CORRECT ANSWERS is a credit card linked to the department general
ledger and allows purchases of goods and services without a requisistion or a purchase
order. Best used for non-medical and non-contract purchases.
Purchasing terms - CORRECT ANSWERS Included but not limited to freight terms and
payment terms.
FOB - CORRECT ANSWERS Free on Board. Referes to the point of delivery for goods,
products and equipment. Also determined the point at which title is passed from supplier to
the delivery site.
FOB Destination - CORRECT ANSWERS Supplier absorbs all transportation costs and files
claimes for damages incurred. The facility does not receive title until the items are on the
dock
FOB Shipping Point - CORRECT ANSWERS The title of goods passes to the facility at the
orgin of shipping. The facility is responsible for all freight costs and for filing any damage
claim.
FOB Destination, Prepay Freight and Add - CORRECT ANSWERS Supplier prepays the freight
charges and adds this cost to the facilties invoice. The supplier is responsible for filing all
damage claims. The title does not transfer till until the items is received at the facility dock
FOB Shipping Point, Freight Allowed - CORRECT ANSWERS Title passes to the facility when
the carrier picks up the goods, but the supplier reimburses the facility for the cost of
shipping
, CRMP EXAM QUESTIONS AND ANSWERS NEWEST
UPDATED 2024/2025 A COMPLETE BEST SOLUTION
ALL ANSWERS 100% CORRECT DETAILED RATED A+
FOR SUCCESS
2%, 10days, net 30 - CORRECT ANSWERS Allows the purchaser to deduct a 2% discount
from the invoice if paid within 10 days of the invoice date; full amount is due 30 days after
invoice date.
COD = Collect on Delivery - CORRECT ANSWERS Must be paid on receipt and includes
Shipping Charges
Pre Pay - CORRECT ANSWERS Payment upfront to a distributor to be held. Buyer receives
credit for payment in the form of a discount against cost of products and services.
Capital Terms - CORRECT ANSWERS For large capital items, payment terms are linked to
specific phases of the project. Advisable to retain some portion of the total payment until
the capital is opertional and acceptable
Liability - CORRECT ANSWERS Obligation by law, and manufactureres or suppliers of goods
and services are obligated to provide safe product to the end user.
Product Liability - CORRECT ANSWERS Refers to defective conditions of products that cause
injury or harm to the user. In cases of product liability, a healthcare organization is most
often considered to be a merchant.
4 Supplier options under wrongful rejection - CORRECT ANSWERS Delivery may be
withheld. Goods may be resold to another buyer. Goods on board a carrier may be diverted
to another buyer. Supplier may sue for damages
4 Buyer options for Failure to deliver - CORRECT ANSWERS Find the goods elsewhere.
Collect the differeence between market price and contract price of the goods from original
supplier. Sue the supplier for ordonary damages. Collect consequential, special and punitive
damages.
"Absence of rightful rejection" - CORRECT ANSWERS Acceptance of goods amd may be
noted by agreement, delivery of goods or by payment
