Procurement Trivia

Front

Which of the following is NOT a key procurement principle? Fairness, Transparency, Value for money

Back

Personal preference

Front

What is the purpose of a Purchase Requisition (PR)?

Back

To formally request goods/services before purchase

Front

What is the main risk of splitting procurements into smaller amounts?

Back

Avoids competitive bidding thresholds (which is unethical)

Front

What is the primary purpose of a procurement threshold?

Back

To define the minimum approval level for different procurement methods

Front

If a supplier submits an unusually low bid, what is the BEST course of action?

Back

Conduct due diligence to check for quality concerns or hidden costs

Front

What is the main difference between a Request for Quotation (RFQ) and a Request for Proposal (RFP)?

Back

RFQs are for simple purchases, while RFPs require technical evaluation

Front

What is the key purpose of a Vendor Performance Evaluation?

Back

To provide feedback and determine future eligibility for contracts

Front

In procurement fraud, what is a "kickback"?

Back

A bribe where a supplier secretly pays a procurement officer for favoritism

Front

Which of the following is NOT a justification for single-source procurement?
- The item is proprietary and only available from one supplier
- An emergency situation where no time for competitive bidding exists
- The supplier has worked with the organization before
- No other qualified suppliers submitted bids in a competitive process

Back

The supplier has worked with the organization before