FREE CPPO Procurement Principles and Practices Questions and Answers

Question 1

A buyer wants to spot-buy propane. Which analysis process should be used to determine when to buy?

Accepted Answer

Market

Answer

Demand

Answer

Supply

Answer

Performance

Question 2

Forecasts are never completely accurate. Which calculation demonstrates the degree of accuracy?

Accepted Answer

Mean Absolute Deviation

Answer

Weighted moving average

Answer

Absolute value of errors

Answer

Economic Order Quantity

Question 3

An entity located in the Gulf of Mexico is developing its continuity of operations plan. Which of the following is most important for the Procurement Services Department to consider?

Accepted Answer

Developing alternate procurement operations locations

Answer

Determining the GPS coordinates for all of the County warehouses

Answer

Developing an emergency purchasing card program

Question 4

In order for the entity Procurement Services' Continuity of Operations Plan (COOP) to be effective, it must be in accordance with which of the following?

Accepted Answer

The entity Emergency Operations Plan

Answer

The entity Procurement Procedures

Answer

The entity Emergency Support Functional Plan

Answer

The entity Manager's Emergency Directive

Question 5

The strategic planning team has identified its stakeholders and conducted a SWOT analysis. What is its next step in creating a strategic plan?

Accepted Answer

Draft a mission statement

Answer

Establish performance measures

Answer

Identify strategies to achieve goals and objectives

Answer

Monitor progress and gather data

Question 6

An entity is planning to allocate staff based on the time and effort required for its various procurements. Which analysis approach will support this strategy?

Accepted Answer

Supply positioning

Answer

The Pareto principle

Answer

Inventory forecasting

Answer

Projecting expenditures

Question 7

A school district wants to determine how many reams of printer paper to carry in inventory. Accurate monthly records of paper purchases have existed for the past 108 months. Which forecasting method should be used for the school district?

Accepted Answer

Weighted moving average

Answer

Fixed period

Answer

Moving average

Answer

Trend estimation

Question 8

The plan describes an objective in detail, specifies the outcome, when it should be finished, and who is responsible. Which objective attribute is missing?

Accepted Answer

Realistic

Answer

Assignable

Answer

Measurable

Answer

Time-related

Question 9

The entity is trying to determine whether to use solar-generated lighting or go with LED lighting for the outdoor lighting in its new central services building. What tool should be used to advise this decision?

Accepted Answer

Cost/benefit analysis

Answer

Cost analysis

Answer

Value analysis

Answer

Spend analysis

Question 10

What calculation Is used to determine the most cost-effective quantity of an Item to keep In stock?

Accepted Answer

Economic order quantity

Answer

Inventory carrying cost

Answer

Acquisition cost per order

Answer

Average inventory value

A buyer wants to spot-buy propane.Which analysis process should be used to determine when to buy?

A buyer wants to spot-buy propane.
Which analysis process should be used to determine when to buy?