What is public procurement?

Understanding Public Procurement

Quiz
•
Financial Education
•
12th Grade
•
Hard
Luke Chekata
FREE Resource
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Public procurement refers to the government providing services to the private sector.
Public procurement is the process by which government entities purchase goods and services from the private sector.
Public procurement is the method by which citizens buy goods from the government.
Public procurement is the process of selling goods to the government.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the main objectives of public procurement?
Eliminating competition among suppliers
Maximizing government revenue
The main objectives of public procurement are efficiency, transparency, competition, value for money, social and economic development, and compliance with regulations.
Reducing public sector jobs
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Describe the stages of the public procurement process.
The stages of the public procurement process include Planning, Market Research, Solicitation, Bidding, Evaluation, Awarding, Contract Management, and Closure.
Assessment, Selection, Contracting, Delivery
Planning, Research, Implementation, Review
Proposal, Negotiation, Execution, Feedback
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the role of transparency in public procurement?
Transparency promotes accountability, prevents corruption, and fosters trust in public procurement.
Transparency reduces the quality of public services.
Transparency limits competition among suppliers.
Transparency increases costs in public procurement.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does competition affect public procurement outcomes?
Competition decreases the number of suppliers available.
Competition has no impact on public procurement outcomes.
Competition enhances pricing, quality, and innovation in public procurement.
Competition leads to higher costs and reduced quality.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the common methods of procurement used in public sectors?
Open tendering, restricted tendering, request for proposals (RFP), direct procurement, framework agreements
Negotiated contracts
Supplier partnerships
Single-source procurement
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Explain the importance of supplier selection in public procurement.
Supplier selection is irrelevant in public procurement.
Supplier selection is important in public procurement to ensure quality, cost-effectiveness, timely delivery, risk minimization, competition, transparency, and strong supplier relationships.
Supplier selection only affects private sector contracts.
Supplier selection is solely based on personal relationships.
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