wayground logo

Free Printable Worksheets

NEW

Font size

S
M
L
XL
Worksheets

Financial Crisis Management

Total questions: 10

Worksheet time: 3mins

Name
Class
Date
1.

It refers to the acquisition of goods, consulting services and the contracting for infrastructure projects by the Procuring Entity.

a)

Buying

b)

Procurement

c)

Canvassing

d)

Purchase Request

2.

It is the optimum combination of whole of life costs and quality to meet the customer’s requirements.

a)

Fund Value

b)

Quality

c)

Value for Money

d)

Quality

3.

In the Philippine Procurement Paradigm, there are four processes that flows from Needs to Satisfaction. What does S or the third process stand for?

a)

Searching

b)

Satisfaction

c)

Specify

d)

Selection

4.

Given the following: Goods, Infrastructure Projects and Consulting Services: Where should repairs belong to?

a)

Goods

b)

Infrastructure Projects

c)

Consulting Services

d)

None of the Above

5.

A penalty of one-tenth of one percent (0.001) of the total value of the undelivered items shall be charged every day of delay of the delivery.

a)

Sanction

b)

Surcharge

c)

Warranty

d)

Liquidated damages

6.

In the regional regular procurement process flow, how many units/sections comprise the responsibility centers?

a)

7

b)

5

c)

4

d)

6

7.

The BAC should be Chaired by at least 3rd ranking permanent official? True of False?

a)

True

b)

False

8.

Procuring Entities shall adopt competitive bidding as the only mode of procurement. True or False?

a)

True

b)

False

9.

In school-based procurement guidelines, the BAC Secretariat posts for information purposes the procurement opportunity for a period of ______ calendar days.

a)

1

b)

2

c)

3

d)

4

10.

1. What does HOPE Stand for?

a)

Holistic Opportunities for Professional Enhancement

b)

Head of the Procurement Enterprise

c)

Head of Procuring Entity

d)

Head Often Procure Expenditures