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CPPO Exam Questions & Answers 2024/2025 7 Rights of Purchasing - ANSWERSTo obtain the right material in the right quantity for delivery at the right time to the right place from the right source(a responsive and responsible supplier) with the right service at the right price. Values - ANSWERSEnduring beliefs or ideals shared by public procurement about what is good or desirable and what is not in our actions. Goals - ANSWERSLong-term, tangible, attainable targets for an organization ...

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7 Rights of Purchasing - Correct Answer-To obtain the right material in the right quantity for delivery at the right time to the right place from the right source(a responsive and responsible supplier) with the right service at the right price. Values - Correct Answer-Enduring beliefs or ideals shared by public procurement about what is good or desirable and what is not in our actions. Goals - Correct Answer-Long-term, tangible, attainable targets for an organization Policies - Correct ...

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Market - Correct Answer-A buyer wants to spot buy propane. Which analysis process should be used to determine when to buy? a. Demand b. Supply c. Performance d. Market Mean Absolute Deviation - Correct Answer-Forecasts are never completely accurate. Which calculation demonstrates the degree of accuracy? a. Weighted moving average b. Absolute value of errors c. Mean Absolute Deviation d. Economic Order Quantity Developing alternate procurement operations locations - Correct Answer-A...

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Sole source, single source and emergency procurements are examples of: A. The best ways of procuring goods and services. B. Non-competitive methods of procuring goods and services. C. Unauthorized procurement methods. D. Procurement methods of questionable value. - Correct Answer-B. Non-competitive methods of procuring goods and services. In preparing to write a specification or scope of work, we may want to consider one of two methods of gathering facts or details from potential vendo...

CPPO EXAM QUESTIONS WITH 100% CORRECT ANSWERS Latest 2024