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CPPO Public Procurement Governance and Policy Flashcards

6 cards from real CPPO practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.

Read the first 6 CPPO Public Procurement Governance and Policy flashcards as text

  1. Which federal law establishes uniform procurement standards for state and local governments receiving federal financial assistance?

    Answer: 2 CFR Part 200 (Uniform Guidance)

    2 CFR Part 200 sets procurement standards—competition, conflict of interest, documentation—that must be followed when spending federal grant funds.

  2. What is the primary governance purpose of a public procurement policy?

    Answer: To provide a consistent, transparent framework that ensures public funds are spent lawfully, fairly, and efficiently

    Procurement policy creates a rules-based framework that protects the public interest through transparency, competition, and accountability.

  3. In US public procurement, the concept of 'full and open competition' requires:

    Answer: Solicitations structured so all responsible sources are permitted to compete unless a specific exception applies

    Full and open competition means any qualified vendor may respond to a solicitation unless a statutory exception justifies restricting competition.

  4. A procurement appeals process serves which governance function?

    Answer: Providing an administrative remedy for vendors who believe procurement laws or procedures were violated

    Bid protests and appeals give aggrieved vendors a due-process mechanism to challenge perceived irregularities in the procurement process.

  5. Why are procurement thresholds established in public agency policies?

    Answer: To calibrate oversight and procedural requirements proportionally to the risk and value of each acquisition

    Thresholds (micro-purchase, simplified acquisition, formal competitive) scale oversight requirements to match the complexity and financial risk of each purchase.

  6. The principle of 'separation of duties' in public procurement governance is designed to:

    Answer: Prevent fraud and errors by ensuring no single individual controls all steps of a procurement transaction

    Separating requisition, approval, receiving, and payment functions creates internal controls that reduce fraud and error risk.