Misc. questions/terms to study for CPPB (with Complete Solutions)

Purpose of a cost analysis correct answers It is a review and evaluation of the suppliers actual or anticipated cost data Competitive Negotiations correct answers Primary considerations for using is price is not the main concern for determining the successful contractor Common Law correct answers Law based on customs and usage and confirmed by court decisions. Principled Negotiations correct answers Negotiates on the merits includes separating the people from the problem, focusing on the interests not the positions, inventing options for mutual gain, and using objective criteria. Risk Management correct answers It minimizes adverse effects through planning, organizing, directing and controlling resources and activities Show-cause notice correct answers If the termination for default appears appropriate this should be issued Exception Inspection correct answers The agency depends on the end user to report defects after a cursory inspection for obvious damage when unpacked is done. Volume and timing correct answers Main considerations when developing a plan for purchase of fuel oil. Trendlines correct answers Illustrates short term spend patterns for commodities Value Analysis correct answers When determining the cost of ownership over the life span of and asset this is best to use. The Systematic process used in the design of products with the required level of quality and performance at the most economic cost. Civil Law correct answers Reference to the body of law affecting the relationship among individuals. Contract law is an example. Price Analysis correct answers Process of examining and evaluating a prospective price without evaluating the separate cost elements and profit of the offeror included in that price. Administrative Law correct answers Rules, regulations, and executive orders promulgated by governmental administrative or regulatory agencies. Generally enacted to make statues and ordinances more specific. Has the force and effect of law.