What is the primary goal of public procurement?

• To procure goods and services on the best possible terms

• To increase government revenue

• To reduce government spending

• To privatize public services

Which of the following is NOT a type of procurement method mentioned?

• Restricted tendering

• Single source procurement

• Open tendering

• Auction bidding

What does the principle of 'value for money' emphasize in public procurement?

• Prioritizing local suppliers

• Ensuring quick procurement processes

• Balancing price and quality

• Focusing solely on the lowest price

Which principle ensures that government officials must report every step in the procurement process?

• Equity

• Ethical behavior

• Accountability and reporting

• Open and effective competition

What is the main objective of the Preferential Procurement Policy Framework Act?

• To ensure procurement is done fairly and equitably

• To reduce government spending

• To promote international trade

• To privatize public services

The Broad-Based Black Economic Empowerment Act aims to address the legacy of which system?

• Colonialism

• Apartheid

• Feudalism

• Capitalism

What does the Public Finance Management Act require from government institutions?

• To privatize all public services

• To reduce public spending

• To develop a fair and transparent procurement system

• To increase taxes

Which act governs procurement processes specifically in local government?

• Broad-Based Black Economic Empowerment Act

• Public Finance Management Act

• Municipal Finance Management Act

• Preferential Procurement Policy Framework Act

What is a key focus of the Municipal Finance Management Act?

• Local government procurement processes

• National defense procurement

• Healthcare procurement

• International trade agreements

Why is it important for government procurement to be efficient?

• To promote international trade

• To increase government revenue

• To ensure quality service delivery

• To reduce taxes