CPPB Study Guides Combined UPDATED
ACTUAL Exam Questions and CORRECT
Answers
A good specification should accomplish the following objectives EXCEPT: identify requirements
clearly, allow for competetive bids, identify the advantages of obtaining the product or service,
provide for equitable award - CORRECT ANSWER - identify the advantages of obtaining the
product or service
Common law - CORRECT ANSWER - A law that is not set forth in statutes, ordinances, or
regulation, but evolved over hundreds of years is known as: Administrative law, Criminal law,
Tort law, Common law
informality - CORRECT ANSWER - A minor irregularity which is merely a matter of form
and not of substance is known as a: deviation, non-responsive, formality, informality
protest - CORRECT ANSWER - A written objection by an interested party to a solicitation
issued by an agency for bids or proposals for a proposed contract for the procurement of goods
or services is known as a: dispute, defendant, protest, plaintiff
Principal - CORRECT ANSWER - An agent is someone who acts on behalf of a: principal,
government, contractor, subcontractor
Basic sources for law within the federal government is/are: Common Law, Statutes, Uniform
Commercial Code, Model Procurement Code - CORRECT ANSWER - Statutes
Contract law is an example of: civil law, criminal law, contract law, common law - CORRECT
ANSWER - Civil law
If the court decides that the parties intend that an agreement to be final and complete, what rule
prevents one of the parties from raising and debating the terms of the agreement: A. Rule of
,reaso, B. Plain meaning rule, C. Parole evidence, D. Tort law - CORRECT ANSWER - Parole
evidence
It is better to use a lump sum contract when the Scope of Work is well defined because: A. the
application method places all risks on the contractor, B. bidding process is less competitive, C.
lump sum bid is set higher to offset unknown risks, D. risk to contractor is small - CORRECT
ANSWER - D risk to contractor is small
Most operating leases are: A. used to obtain financial leverage and longer term benefits, B. long
term for a fixed period of time, C. full payout and partial payout financial leases, D. short term
for a fixed period of time - CORRECT ANSWER -
For how long are patent laws designed to protect the original inventors rights in a product of
process? - CORRECT ANSWER - 20 years
What are the advantages of leasing to the buying organization? - CORRECT ANSWER - risk
of obsolescence can be minimized, equipment can be made available on a short-term basis,
maintenance problems can be reduced
The advantages of electronic catalogs include: - CORRECT ANSWER - A. marketing and
sales costs are sharply reduced, B. orders can be entered into fulfillment systems automatically,
C. invoicing and receivables costs are reduced through consolidation
The appropriate words that should be utilized in contracts to indicate statements of obligation
concernig things that the vendors has promised to do in the future is: A. will, B. shall, C.
obligated, D. should - CORRECT ANSWER - B shall
The collection of court decisions regarding past court decision is: A. Common Law, B.
Legislative Law, C. Administrative Law, D. Contract Law - CORRECT ANSWER - A
Common Law
The court of last resort is: - CORRECT ANSWER - Supreme Court
,The first antitrust law that was adopted - CORRECT ANSWER - Sherman Antitrust Act
The following carriers are subject to regulation by the Interstate Commerce Commission (ICC) --
DOT now -- EXCEPT: A. common carriers, B. contract carriers, C. private carriers, D. standard
carriers - CORRECT ANSWER - C private carriers
The following steps are used to determine contract award in the competetive sealed proposal
process EXCEPT: A. reviewing the end results expected from Scope of Work, B. weighting
values assigned to each part of the proposal, C. making all data available to bidders and the
public, D. examining the best value instead of the lowest price - CORRECT ANSWER - C
making all data available to bidders and the public
The implied warranty that the goods will meet certain industry standards is known as: -
CORRECT ANSWER - warranty of merchantability
The law that basically states that some contracts need to be in writing is: - CORRECT
ANSWER - Statute of Frauds
The laws that governs public purchasing contracts for the sale of goods is: - CORRECT
ANSWER - Uniform Commercial Code
The objectives of the receiving and inspection process include the following EXCEPT: A. to
verify the items conform to the specifications, B. to determine if a product should be stored in a
warehouse system, C. to ensure the received items conform to contractual requirements, D. to
ensure the items arrive at the stated time - CORRECT ANSWER - B to determine if a product
should be stored in a warehouse system
The procurement requirements for recipients of federal grants are contained within the: -
CORRECT ANSWER - OMB Circular A-102
The term that involves the question of whether the contractor can or will perform as he has
promised is: - CORRECT ANSWER - responsible
, The UCC specifies acceptance of goods occur when the buyer: A. after a reasonable opportunity
to inspect the goods accepts or retains them, B. fails to make an effective rejection, C. does any
act inconsistent with the seller's ownership, D. all of the above - CORRECT ANSWER - D all
of the above (after a reasonable opportunity to inspect the goods accepts or retains them, B. fails
to make an effective rejection, C. does any act inconsistent with the seller's ownership)
The US Dept of Justice funded a project to develop uniform purchasing laws that resulted in the
development of the: - CORRECT ANSWER - Model Procurement Code
The warranty that warrants that there are no security interest or other liens on goods other than
those known to the buyer is: - CORRECT ANSWER - warranty of title
What are the components of the purchasing model? - CORRECT ANSWER - to buy at the
right quality, quantity, time, place, price, source, and service
What is a benefit of using Electronic Data Interchange (EDI)? - CORRECT ANSWER -
enhanced inventory control
What is a non-binding process where a neutral party tries to help the parties in contract reach
agreement? - CORRECT ANSWER - mediation
What is a responsive bidder? - CORRECT ANSWER - one that conforms with the
requirements of Invitation to Bid
What is the basic function of materials management? - CORRECT ANSWER - support
organizational operations of materials and services
What is the construction strategy involved in the selection of a single firm for project design and
construction management? - CORRECT ANSWER - Design-build
What is the difference between a random stock location system and a fixed stock location
system? - CORRECT ANSWER - a random system maximizes space utilitization
ACTUAL Exam Questions and CORRECT
Answers
A good specification should accomplish the following objectives EXCEPT: identify requirements
clearly, allow for competetive bids, identify the advantages of obtaining the product or service,
provide for equitable award - CORRECT ANSWER - identify the advantages of obtaining the
product or service
Common law - CORRECT ANSWER - A law that is not set forth in statutes, ordinances, or
regulation, but evolved over hundreds of years is known as: Administrative law, Criminal law,
Tort law, Common law
informality - CORRECT ANSWER - A minor irregularity which is merely a matter of form
and not of substance is known as a: deviation, non-responsive, formality, informality
protest - CORRECT ANSWER - A written objection by an interested party to a solicitation
issued by an agency for bids or proposals for a proposed contract for the procurement of goods
or services is known as a: dispute, defendant, protest, plaintiff
Principal - CORRECT ANSWER - An agent is someone who acts on behalf of a: principal,
government, contractor, subcontractor
Basic sources for law within the federal government is/are: Common Law, Statutes, Uniform
Commercial Code, Model Procurement Code - CORRECT ANSWER - Statutes
Contract law is an example of: civil law, criminal law, contract law, common law - CORRECT
ANSWER - Civil law
If the court decides that the parties intend that an agreement to be final and complete, what rule
prevents one of the parties from raising and debating the terms of the agreement: A. Rule of
,reaso, B. Plain meaning rule, C. Parole evidence, D. Tort law - CORRECT ANSWER - Parole
evidence
It is better to use a lump sum contract when the Scope of Work is well defined because: A. the
application method places all risks on the contractor, B. bidding process is less competitive, C.
lump sum bid is set higher to offset unknown risks, D. risk to contractor is small - CORRECT
ANSWER - D risk to contractor is small
Most operating leases are: A. used to obtain financial leverage and longer term benefits, B. long
term for a fixed period of time, C. full payout and partial payout financial leases, D. short term
for a fixed period of time - CORRECT ANSWER -
For how long are patent laws designed to protect the original inventors rights in a product of
process? - CORRECT ANSWER - 20 years
What are the advantages of leasing to the buying organization? - CORRECT ANSWER - risk
of obsolescence can be minimized, equipment can be made available on a short-term basis,
maintenance problems can be reduced
The advantages of electronic catalogs include: - CORRECT ANSWER - A. marketing and
sales costs are sharply reduced, B. orders can be entered into fulfillment systems automatically,
C. invoicing and receivables costs are reduced through consolidation
The appropriate words that should be utilized in contracts to indicate statements of obligation
concernig things that the vendors has promised to do in the future is: A. will, B. shall, C.
obligated, D. should - CORRECT ANSWER - B shall
The collection of court decisions regarding past court decision is: A. Common Law, B.
Legislative Law, C. Administrative Law, D. Contract Law - CORRECT ANSWER - A
Common Law
The court of last resort is: - CORRECT ANSWER - Supreme Court
,The first antitrust law that was adopted - CORRECT ANSWER - Sherman Antitrust Act
The following carriers are subject to regulation by the Interstate Commerce Commission (ICC) --
DOT now -- EXCEPT: A. common carriers, B. contract carriers, C. private carriers, D. standard
carriers - CORRECT ANSWER - C private carriers
The following steps are used to determine contract award in the competetive sealed proposal
process EXCEPT: A. reviewing the end results expected from Scope of Work, B. weighting
values assigned to each part of the proposal, C. making all data available to bidders and the
public, D. examining the best value instead of the lowest price - CORRECT ANSWER - C
making all data available to bidders and the public
The implied warranty that the goods will meet certain industry standards is known as: -
CORRECT ANSWER - warranty of merchantability
The law that basically states that some contracts need to be in writing is: - CORRECT
ANSWER - Statute of Frauds
The laws that governs public purchasing contracts for the sale of goods is: - CORRECT
ANSWER - Uniform Commercial Code
The objectives of the receiving and inspection process include the following EXCEPT: A. to
verify the items conform to the specifications, B. to determine if a product should be stored in a
warehouse system, C. to ensure the received items conform to contractual requirements, D. to
ensure the items arrive at the stated time - CORRECT ANSWER - B to determine if a product
should be stored in a warehouse system
The procurement requirements for recipients of federal grants are contained within the: -
CORRECT ANSWER - OMB Circular A-102
The term that involves the question of whether the contractor can or will perform as he has
promised is: - CORRECT ANSWER - responsible
, The UCC specifies acceptance of goods occur when the buyer: A. after a reasonable opportunity
to inspect the goods accepts or retains them, B. fails to make an effective rejection, C. does any
act inconsistent with the seller's ownership, D. all of the above - CORRECT ANSWER - D all
of the above (after a reasonable opportunity to inspect the goods accepts or retains them, B. fails
to make an effective rejection, C. does any act inconsistent with the seller's ownership)
The US Dept of Justice funded a project to develop uniform purchasing laws that resulted in the
development of the: - CORRECT ANSWER - Model Procurement Code
The warranty that warrants that there are no security interest or other liens on goods other than
those known to the buyer is: - CORRECT ANSWER - warranty of title
What are the components of the purchasing model? - CORRECT ANSWER - to buy at the
right quality, quantity, time, place, price, source, and service
What is a benefit of using Electronic Data Interchange (EDI)? - CORRECT ANSWER -
enhanced inventory control
What is a non-binding process where a neutral party tries to help the parties in contract reach
agreement? - CORRECT ANSWER - mediation
What is a responsive bidder? - CORRECT ANSWER - one that conforms with the
requirements of Invitation to Bid
What is the basic function of materials management? - CORRECT ANSWER - support
organizational operations of materials and services
What is the construction strategy involved in the selection of a single firm for project design and
construction management? - CORRECT ANSWER - Design-build
What is the difference between a random stock location system and a fixed stock location
system? - CORRECT ANSWER - a random system maximizes space utilitization
