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Domain 2 Stand 2.2 Financial Management (part 2)

Authored by LILIA RICERO

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Professional Development

Domain 2 Stand 2.2 Financial Management (part 2)
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43 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

51. What must the Bidding Documents include according to Section 17?

A.Only the Approved Budget for the Contract

B.General and special Conditions of Contract

C.Supplier recommendations

D.Market trends and consumer preferences

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

52. Which of the following is not a part of the Bidding Documents?

A.Instructions to Bidders including criteria for eligibility

B.Form and Amount of Bid Security

C.Market research and analysis reports

D.Delivery Time or Completion Schedule

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

53. Why should specifications for the procurement of goods avoid references to brand names?

A.To simplify the procurement process

B.To allow more flexibility in supplier choice

C.To ensure the focus is on relevant characteristics and/or performance requirements

D.To reduce paperwork

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

54. In what instances is holding a pre-procurement conference optional?

A.For all contracts

B.For contracts below a certain level or amount specified in the IRR

C.For contracts involving international suppliers

D.For contracts that involve a lengthy bidding process

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

55. What should the pre-procurement conference assess?

A.The performance of previous contractors

B.The readiness of the procurement

C.The opinions of the public

D.The availability of supplier options

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

56. What is one task involved in the pre-procurement conference?

A.Reviewing all relevant documents and the draft Invitation to Bid

B.Selecting the highest-priced bid

C.Consulting with potential suppliers

D.Determining the duration of the bidding process

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

57. How should the Invitations to Bid contracts under competitive bidding be advertised?

A.Only through the Procuring Entity's premises

B.Only in newspapers of general circulation

C.In a manner and length of time necessary to ensure the widest possible dissemination

D.Only on the Procuring Entity's website

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