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Market - ✔✔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 - ✔✔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 - ✔✔An entity located on the Gulf of
Mexico is developing their continuity of operations plan. Which of the following is most
important for the Procurement Services Department to consider?
a. Assembly of emergency rations, including potable water, for use in the EOC
b. Determining the GPS coordinates for all of the County warehouses
c. Developing an emergency purchasing card program
d. Developing alternate procurement operations locations
,Emergency Operations Plan - ✔✔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?
a. The entity Procurement Procedures
b. The entity Emergency Support Functional Plan
c. The entity Emergency Operations Plan
d. The entity Manager's Emergency Directive
Draft a mission statement - ✔✔The strategic planning team has identified its stakeholders and
conducted a SWOT analysis. What is its next step in creating a strategic plan?
a. Establish performance measures
b. Draft a mission statement
c. Identify strategies to achieve goals and objectives
d. Monitor progress and gather data
Supply positioning - ✔✔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? a.
The Pareto principle
b. Inventory forecasting
c. Projecting expenditures
d. Supply positioning
,Weighted moving average - ✔✔A school district wants to determine how many reams of printer
paper to carry in inventory. Accurate monthly records of paper purchases exist for the past 108
months. Which forecasting method should be used for the school district? a. Fixed period
b. Weighted moving average
c. Moving average
d. Trend estimation
Realistic - ✔✔The plan describes an objective in detail, specifies the outcome, when it should be
finished and who is responsible. Which objective attribute is missing? a. Realistic
b. Assignable
c. Measurable
d. Time-related
Cost/benefit analysis - ✔✔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?
a. Cost analysis
b. Value analysis
c. Spend analysis
d. Cost/benefit analysis
Economic order quantity - ✔✔What calculation Is used to determine the most cost effective
quantity of an Item to keep In stock?
a. Inventory carrying cost
, b. Economic order quantity
c. Acquisition cost per order
d. Average inventory value
Obsolete - ✔✔The entity is replacing its computer equipment due to new technology. The
equipment to be replaced is four years old. While it still has a useful life, new upgrades to current
programs cannot run on the current computers. Which term best describes this equipment? a.
Fully depreciated
b. Surplus
c. Obsolete
d. Disposable
Expedite - ✔✔Procurement has received word that the entity needs an item much sooner than
thought. The order has already been placed. What action should be taken? a. Expedite
b. Follow-up
c. Reorder
d. Improved routing
Contracting for just-in-time delivery - ✔✔If the procurement department wanted to reduce
inventory costs, it would be best for them to consider which of the following options?
a. Reducing inventory and giving less service/support to the end user
b. Having the end user procure the goods
c. Waiting until the need arises, order the goods and wait until they arrive