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QPA EXAM REVIEW QUESTIONS AND CORRECT ANSWERS | LATEST UPDATE

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What is a centralized purchasing system? -:- Responsibility rests with an authorized professional and is not incidental to other functions. To simplify, clarify, and modernize the law governing commercial transaction; to permit the continued expansion of commercial practices through custom, ...

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  • September 18, 2024
  • 18
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • QPA
  • QPA
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2024 /2025 | © copyright | This work may not be copied for profit gain | Excel!




QPA EXAM REVIEW QUESTIONS AND
CORRECT ANSWERS | LATEST UPDATE
What is a centralized purchasing system?


✓ -:- Responsibility rests with an authorized professional and is not

incidental to other functions.




To simplify, clarify, and modernize the law governing commercial transaction; to permit the

continued expansion of commercial practices through custom, usage and agreement of the

parties; and, to make uniform the law among the various jurisdictions


✓ -:- What is the purpose of the UCC?




What is the three types of authority an agent has?


✓ -:- Express authority, implied authority, and apparent authority




What are the types of contracts?


✓ -:- Competitive sealed bidding, competitive contracting, and

competitive quotations.




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,2024 /2025 | © copyright | This work may not be copied for profit gain | Excel!




What are the 6 R's of purchasing?


✓ -:- Goods and services must be recognized in the Right time, at the

right price, in the right quality, in the right quantity, from the ri ght

source and in the right manner




What are the 3 C's?


✓ -:- communication, cooperation, and coordination




What are the basic purchasing forms?


✓ -:- 1) Bid proposals, 2) Requisition, 3) Purchase order, 4) Receiving

report, 4) Voucher




What is the Local Public Contracts Law?


✓ -:- 40A:11-1 et seq (short title citation)




What are some types of forms required in Specifications?




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, 2024 /2025 | © copyright | This work may not be copied for profit gain | Excel!




✓ -:- Notice to bidders, bid proposal form, consent of surety,

acknowledgment of receipt of addenda, stockholder disclosure

certification, business registration certificate, and Non -collusion affadavit.




What are some types of forms required in Specifications?


✓ -:- Notice to bidders, bid proposal form, consent of surety,

acknowledgment of receipt of addenda, stockholder disclosur e

certification, business registration certificate, and Non -collusion affadavit




What are the different types of purchasing systems?


✓ -:- Cooperative pricing, joint purchasing system, county cooperative

contract purchasing, and regional cooperative prici ng.




What does N.J.A.C stand for?


✓ -:- New Jersey Administrative Code




What does N.J.S.A. stand for?


✓ -:- New Jersey Statute annotated

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