CPPB EXAMINATION SET 2026 COMPLETE
QUESTIONS AND ANSWERS
◉ proposal risk.
Answer: describes the item of service purchased through legal
documents and scopes
◉ surety and liability risk.
Answer: protects financial and legal interests of the agency
◉ contractual risk.
Answer: establishes change procedures
◉ schedule risk.
Answer: ensures timely delivery
◉ performance risk.
Answer: defines conditions under which acceptance will occur and
what inspection is required
◉ definite.
,Answer: specific requirement quantity and delivery date have been
established
◉ requirements delivery contract.
Answer: when the public agency agrees to purchase all
requirements for a certain period of time from the contractor
◉ bid bond.
Answer: bidder will accept contract as bid or else the surety will pay
a specific amount
◉ fidelity bond.
Answer: insurance against losses due to dishonesty of an employee
◉ payment bond.
Answer: guarantees subcontracts will be paid for labor and
materials expended on contract
◉ performance or completion bond.
Answer: protects public entity from loss due to the inability of the
bidder to complete contract
◉ competitive negotiation.
,Answer: method for obtaining goods, services and construction for
public use in which may be conducted
◉ identification.
Answer: action of the public agency in recognizing the availability of
products or services within marketplace
◉ investigate.
Answer: collecting and analyzing information related to a specific
commodity or service
◉ market surveillance.
Answer: high level review of the industry examines all of the
activities of the market
◉ market research process.
Answer: market surveillance, investigation, identification,
procurement of the producer, or product
◉ market research.
Answer: collecting and analyzing information about capabilities
within the market to satisfy agency needs
, ◉ lease-purchase decision.
Answer: based on the results of a cost/benefit analyses of the costs
to own costs to lease, and the advantages and disadvantages
◉ disadvantages of leasing.
Answer: cost and control
◉ partial payment leases.
Answer: gives lessee credit for the residual value of the leased item
after the lease period is complete
◉ full payment leases.
Answer: lessee pays the full amount plus interest charges and other
costs
◉ types of financial leases.
Answer: full payout leases, partial payout leases
◉ financial leases.
Answer: used as a financing tool and may generate long term
benefits
◉ operating leases.
QUESTIONS AND ANSWERS
◉ proposal risk.
Answer: describes the item of service purchased through legal
documents and scopes
◉ surety and liability risk.
Answer: protects financial and legal interests of the agency
◉ contractual risk.
Answer: establishes change procedures
◉ schedule risk.
Answer: ensures timely delivery
◉ performance risk.
Answer: defines conditions under which acceptance will occur and
what inspection is required
◉ definite.
,Answer: specific requirement quantity and delivery date have been
established
◉ requirements delivery contract.
Answer: when the public agency agrees to purchase all
requirements for a certain period of time from the contractor
◉ bid bond.
Answer: bidder will accept contract as bid or else the surety will pay
a specific amount
◉ fidelity bond.
Answer: insurance against losses due to dishonesty of an employee
◉ payment bond.
Answer: guarantees subcontracts will be paid for labor and
materials expended on contract
◉ performance or completion bond.
Answer: protects public entity from loss due to the inability of the
bidder to complete contract
◉ competitive negotiation.
,Answer: method for obtaining goods, services and construction for
public use in which may be conducted
◉ identification.
Answer: action of the public agency in recognizing the availability of
products or services within marketplace
◉ investigate.
Answer: collecting and analyzing information related to a specific
commodity or service
◉ market surveillance.
Answer: high level review of the industry examines all of the
activities of the market
◉ market research process.
Answer: market surveillance, investigation, identification,
procurement of the producer, or product
◉ market research.
Answer: collecting and analyzing information about capabilities
within the market to satisfy agency needs
, ◉ lease-purchase decision.
Answer: based on the results of a cost/benefit analyses of the costs
to own costs to lease, and the advantages and disadvantages
◉ disadvantages of leasing.
Answer: cost and control
◉ partial payment leases.
Answer: gives lessee credit for the residual value of the leased item
after the lease period is complete
◉ full payment leases.
Answer: lessee pays the full amount plus interest charges and other
costs
◉ types of financial leases.
Answer: full payout leases, partial payout leases
◉ financial leases.
Answer: used as a financing tool and may generate long term
benefits
◉ operating leases.
