NASPO CPPB Prep Exam with all
correct answers updated and
graded A+
What concept is based on the idea that nothing happens in a supply chain
until a need is identified?
a) First In, First Out (FIFO)
b) Just in Time (JIT)
c) Last In, First Out (LIFO)
d) Re-Order Point
b) Just in Time (JIT)
Procurement officials acting within the scope of their authority have what
type of authority to legally bind the government?
a) Apparent Authority
b) Actual Authority
c) Implied Authority
d) Express Authority
b) Actual Authority
Instead of transferring the item to the surplus property office, a user agency
may decide to disassemble it so that its component parts may be used to
repair or maintain a similar item. However, the disassembly of the item
should occur only after the agency determines that there is a greater
,potential value and benefit to taking the item apart than by trading it in
selling it. What is this process called?
a) Cannibalization
b)Disposition of expendable supplies
c) Disposition of non-expendable supplies
d) Disposition of excess supplies
a) Cannibalization
The senior buyer has been asked by her Chief Procurement Officer to help
identify resources on established best practices and strategies for
modernizing their outdated procurement code and procurement manual.
Which of the following resources would provide the best starting point for
updating procurement regulations?
a) The American Bar Associations Model Procurement Code for State and
Local Governments
b) Another state's procurement manual.
c) The NASPO State and Local Government Procurement: A Practical Guide
d) A comparison of all 50 US state procurement codes
a) The American Bar Associations Model Procurement Code for State
and Local Governments
Implied authority occurs when?
a) Inferences and reasonable deductions based on conduct are made.
b) Explicit language grants authority;
,c) Codified language is used to delegate responsibility and authority to a
given party;
d) The illusion of authority is allowed
a) Inferences and reasonable deductions based on conduct are
made.
Apparent authority occurs when?
a) An individual functions in the capacity that leads others to believe he/she
is an authorized agent of the principle.
b) Explicit language grants authority.
c) A logical extension of expression authority conferred upon a given party.
d) Codified language delegating responsibility and authority to a given party.
a) An individual functions in the capacity that leads others to
believe he/she is an authorized agent of the principle.
In 1890, Congress passed this Antitrust Act. It has been the linchpin of
antitrust law. In Section 1 of this Act, it states: Every contract, combination in
the form of trust or otherwise, or conspiracy, in restraint of trade or
commerce among the several States, or with foreign nations, is declared to
be illegal. Every person who shall make any contract or engage in any
combination or conspiracy hereby declared to be illegal shall be deemed
guilty of a felony, and, on conviction thereof, shall be punished by fine not
exceeding $100,000,000 if a corp., or, if any person, $1,000,000, or by
imprisonment not exceeding 10 years, or by both said punishments, in the
discretion of the court. Section 2 of this Act, makes interstate monopolies a
felony. This Act is:
a) The Clayton Act
b) The Federal Trade Commission Act
, c) The Sherman Act
d) The Robinson-Patman Price Discrimination Act
c) The Sherman Act
The procurement officer has noticed several suspicious pricing patterns and
supplier behaviors, including identical bids and a lack of bids from some
expected bidders for an open solicitation. On detecting this suspicous
activity, the procurement officer should immediately:
a) alert all suppliers that the solicitation will be canceled and resolicited
b) alert their superiors and the antitrust lawyers in the state attorney
general's office
c) alert the suppliers in question about potential violations
d) alert the DOJ about potential antitrust violations
b) alert their superiors and the antitrust lawyers in the state
attorney general's office
Which of the following procurement laws are not considered one of the
primary sources used in governmental jurisdictions?
a) Administrative Law
d) Federal Law
c) Common Law
d) Legislative Law
d) Federal Law
correct answers updated and
graded A+
What concept is based on the idea that nothing happens in a supply chain
until a need is identified?
a) First In, First Out (FIFO)
b) Just in Time (JIT)
c) Last In, First Out (LIFO)
d) Re-Order Point
b) Just in Time (JIT)
Procurement officials acting within the scope of their authority have what
type of authority to legally bind the government?
a) Apparent Authority
b) Actual Authority
c) Implied Authority
d) Express Authority
b) Actual Authority
Instead of transferring the item to the surplus property office, a user agency
may decide to disassemble it so that its component parts may be used to
repair or maintain a similar item. However, the disassembly of the item
should occur only after the agency determines that there is a greater
,potential value and benefit to taking the item apart than by trading it in
selling it. What is this process called?
a) Cannibalization
b)Disposition of expendable supplies
c) Disposition of non-expendable supplies
d) Disposition of excess supplies
a) Cannibalization
The senior buyer has been asked by her Chief Procurement Officer to help
identify resources on established best practices and strategies for
modernizing their outdated procurement code and procurement manual.
Which of the following resources would provide the best starting point for
updating procurement regulations?
a) The American Bar Associations Model Procurement Code for State and
Local Governments
b) Another state's procurement manual.
c) The NASPO State and Local Government Procurement: A Practical Guide
d) A comparison of all 50 US state procurement codes
a) The American Bar Associations Model Procurement Code for State
and Local Governments
Implied authority occurs when?
a) Inferences and reasonable deductions based on conduct are made.
b) Explicit language grants authority;
,c) Codified language is used to delegate responsibility and authority to a
given party;
d) The illusion of authority is allowed
a) Inferences and reasonable deductions based on conduct are
made.
Apparent authority occurs when?
a) An individual functions in the capacity that leads others to believe he/she
is an authorized agent of the principle.
b) Explicit language grants authority.
c) A logical extension of expression authority conferred upon a given party.
d) Codified language delegating responsibility and authority to a given party.
a) An individual functions in the capacity that leads others to
believe he/she is an authorized agent of the principle.
In 1890, Congress passed this Antitrust Act. It has been the linchpin of
antitrust law. In Section 1 of this Act, it states: Every contract, combination in
the form of trust or otherwise, or conspiracy, in restraint of trade or
commerce among the several States, or with foreign nations, is declared to
be illegal. Every person who shall make any contract or engage in any
combination or conspiracy hereby declared to be illegal shall be deemed
guilty of a felony, and, on conviction thereof, shall be punished by fine not
exceeding $100,000,000 if a corp., or, if any person, $1,000,000, or by
imprisonment not exceeding 10 years, or by both said punishments, in the
discretion of the court. Section 2 of this Act, makes interstate monopolies a
felony. This Act is:
a) The Clayton Act
b) The Federal Trade Commission Act
, c) The Sherman Act
d) The Robinson-Patman Price Discrimination Act
c) The Sherman Act
The procurement officer has noticed several suspicious pricing patterns and
supplier behaviors, including identical bids and a lack of bids from some
expected bidders for an open solicitation. On detecting this suspicous
activity, the procurement officer should immediately:
a) alert all suppliers that the solicitation will be canceled and resolicited
b) alert their superiors and the antitrust lawyers in the state attorney
general's office
c) alert the suppliers in question about potential violations
d) alert the DOJ about potential antitrust violations
b) alert their superiors and the antitrust lawyers in the state
attorney general's office
Which of the following procurement laws are not considered one of the
primary sources used in governmental jurisdictions?
a) Administrative Law
d) Federal Law
c) Common Law
d) Legislative Law
d) Federal Law
