Study guides, Class notes & Summaries

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 - A...

CPPB - Domain 1 Procurement Administration Exam With Questions And Correct Answers ...

CPPB Study Guides Combined Exam With Questions And Accurate Answers ...

CPPB Prep Exam With Questions And Correct Answers ...

CPPB Exam With Questions And Accurate Answers ...

CPPB Exam With Questions And Real Answers ...

Cppb Exam With Questions And Correct Answers ...

An entity purchases several different types of mobile phones to meet employees' preferences. This is causing inefficiencies. What action can be taken to address and correct the inefficiencies? A. creation of performance specifications B. sole sourcing C. benchmarking D. standardization - ANSWER standardization A buyer has been invited to join a supplier account rep for lunch to discuss the performance of a contract. How should the buyer respond to the invitation? A. decline the supplier's o...

LAST-IN FIRST OUT (LIFO) - ANSWER Utilized in Private Sector. Due to taxes, it is beneficial to use the latest received item JUST-IN-TIME (JIT) INVENTORY - ANSWER Inventory system in which companies manufacture or purchase goods just in time for use. Technique focused on the inventory reduction and value- added activity. SCRAP - ANSWER Consist of ferrous and non-ferrous metal as well as non-metallic scrap such as wood, paper, plastic and other materials that do not meet requirements or st...

Legal and statutory requirements - ANSWER An agency is revising its document retention schedule. To what should the governmental entity look for guidance? Cooperative Contract - ANSWER An agency is looking into cooperative purchasing practices. After conducting some analysis, the agency would like to "piggyback" its purchases with other agencies that are participating in cooperative purchasing. When using a "piggyback" method, what would the arrangement be called? Instituting a purchas...

Surety - ANSWER A pledge or guarantee by an insurance company, bank, individual, or corporation on behalf of the bidder/proposer to satisfy the contractual obligations. accountability - ANSWER the principle that employees who accept an assignment and the authority to carry it out are answerable to a superior for the outcome. acceptance - ANSWER 1. Indication that all parties to the contract agree to be bound by the terms of the contract. 2. An indication by one party of a willingness to ...