Which of the following is NOT a key principle of public procurement?Question 9Answera.Accountabilityb.Integrityc.Efficiencyd.Confidentiality

What is the primary goal of public procurement?Question 18Answera.Prioritizing the interests of suppliers over the needs of the publicb.Ensuring transparency and fairness in purchasing goods and servicesc.Maximizing profits for government agenciesd.Minimizing competition among vendors

The following is NOT an objective of Procurement Management?Question 2Answera.To regulate the government procurement of goods, works and services, the letting or hiring of anything or the acquisition or granting of rights for or on behalf of, and the disposal of assets of, public entitiesb.To support and supplements the activities of the other functions within the businessc.  To achieve corporative productive internal relationshipsd.To accomplish organizational procurement objectives at the lowest possible operating cost and as efficiently as possible

Which of the following is NOT a common ethical principle in professional ethics?Question 17Answera.Profit maximizationb.Objectivityc.Confidentialityd.Integrity

How does public procurement contribute to good governance?Question 15Answera.By ensuring transparency, accountability, and value for money in government spendingb.By limiting access to government contracts to a select group of suppliersc.By facilitating corruption and favoritism in the allocation of public fundsd.By circumventing competitive bidding processes to award contracts to preferred vendors

What is the significance of contract management in public procurement?Question 13Answera.It facilitates preferential treatment of certain vendorsb.It ensures that contracts are executed in accordance with agreed terms and conditionsc.It ensures that government officials receive kickbacks from suppliersd.It allows government agencies to change contract terms at their discretion