CPPB Test Questions & Answers 2024/2025

CPPB Test Questions & Answers 2024/2025 Radio frequency identification (RFID) - ANSWERSNew approaches to distribution and inventory managements. Vendor Managed Inventory - ANSWERSMostly in private sector, where vendor manages inventory. Electronic signatures - ANSWERSDigital signatures that permit sending authentic electronic documents. Uses a complex mathematical formula to calculate and attach a certificate to the message that verifies the signers identity. Joint use ventures - ANSWERSAgreement between various governmental agencies that may involve the joint use of public property such as buildings and equipment These agreements max the value for the taxpayer but jurisdictional/territorial rights are diminished.. Code of Ethics - ANSWERSBased on three concepts - Impartiality Demands that all suppliers and contractors are treated equally without discrimination. Honesty - Demands truth in all dealing, both with contractor and the public. Loyalty - Be faithful and dedicated to the entity and remain free from contract of interest, etc. ethics ARE AN IMPORTANT COMPONENT OF PROGESSIONALISM AND SHOULD BE EXTENDED BEYOND THE WORKING ENVIRONMENT, S/B LIFESTYLE. Challenges of globalization - ANSWERSCultural differences, lead time, trade agreements, Governmental processes, Transportation, Legal considerations, Communications, etc. Globalization - ANSWERSWTO - World trade organization, NAFTA - North American Free Trade Agreement. Procurement Card, p-card - ANSWERSHelps reduce the overall small purchases by reducing admin. cost, increase productivity, improving cash management, supplier flexibility, convenience.