CPPO Practice Test Questions Answered 100% Correct

Market - ANSWER-A buyer wants to spot buy propane. Which analysis process should be used to determine when to buy? a. Demand b. Supply c. Performance d. Market Mean Absolute Deviation - ANSWER-Forecasts are never completely accurate. Which calculation demonstrates the degree of accuracy? a. Weighted moving average b. Absolute value of errors c. Mean Absolute Deviation d. Economic Order Quantity Developing alternate procurement operations locations - ANSWER-An entity located on the Gulf of Mexico is developing their continuity of operations plan. Which of the following is most important for the Procurement Services Department to consider? a. Assembly of emergency rations, including potable water, for use in the EOC b. Determining the GPS coordinates for all of the County warehouses c. Developing an emergency purchasing card program d. Developing alternate procurement operations locations Emergency Operations Plan - ANSWER-In order for the entity Procurement Services' Continuity of Operations Plan (COOP) to be effective, it must be in accordance with which of the following? a. The entity Procurement Procedures b. The entity Emergency Support Functional Plan c. The entity Emergency Operations Plan d. The entity Manager's Emergency Directive Draft a mission statement - ANSWER-The strategic planning team has identified its stakeholders and conducted a SWOT analysis. What is its next step in creating a strategic plan? a. Establish performance measures b. Draft a mission statement c. Identify strategies to achieve goals and objectives d. Monitor progress and gather data Supply positioning - ANSWER-An entity is planning to allocate staff based on the time and effort required for its various procurements. Which analysis approach will support this strategy? a. The Pareto principle b. Inventory forecasting c. Projecting expenditures d. Supply positioning Weighted moving average - ANSWER-A school district wants to determine how many reams of printer paper to carry in inventory. Accurate monthly records of paper purchases exist for the past 108 months. Which forecasting method should be used for the school district? a. Fixed period b. Weighted moving average c. Moving average d. Trend estimation Realistic - ANSWER-The plan describes an objective in detail, specifies the outcome, when it should be finished and who is responsible. Which objective attribute is missing? a. Realistic b. Assignable c. Measurable d. Time-related Cost/benefit analysis - ANSWER-The entity is trying to determine whether to use solar generated lighting or go with LED lighting for the outdoor lighting in its new central services building. What tool should be used to advise this decision? a. Cost analysis b. Value analysis c. Spend analysis d. Cost/benefit analysis Economic order quantity - ANSWER-What calculation Is used to determine the most cost effective quantity of an Item to keep In stock? a. Inventory carrying cost b. Economic order quantity c. Acquisition cost per order d. Average inventory value Obsolete - ANSWER-The entity is replacing its computer equipment due to new technology. The equipment to be replaced is four years old. While it still has a useful life, new upgrades to current programs cannot run on the current computers. Which term best describes this equipment? a. Fully depreciated b. Surplus c. Obsolete d. Disposable