CPPO CPPO Public Procurement Governance and Policy

Question 1

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

Accepted Answer

2 CFR Part 200 (Uniform Guidance)

Answer

The Buy American Act

Answer

The Competition in Contracting Act

Answer

The Federal Acquisition Streamlining Act

Question 2

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

Accepted Answer

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

Answer

To maximize vendor profits

Answer

To reduce the number of solicitations issued annually

Answer

To establish departmental staffing ratios

Question 3

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

Accepted Answer

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

Answer

All vendors in the state to submit bids

Answer

Contracts awarded exclusively to small businesses

Answer

Bids accepted only from vendors on a pre-approved list

Question 4

A procurement appeals process serves which governance function?

Accepted Answer

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

Answer

Allowing vendors to renegotiate prices after award

Answer

Accelerating contract execution timelines

Answer

Reducing the agency's legal liability exposure

Question 5

Why are procurement thresholds established in public agency policies?

Accepted Answer

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

Answer

To limit competition to large suppliers

Answer

To eliminate the need for written contracts

Answer

To set maximum allowable prices for all goods

Question 6

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

Accepted Answer

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

Answer

Speed up vendor payment processing

Answer

Assign procurement authority to department heads only

Answer

Allow emergency purchases without approval