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Questions and Answers
What is the micro-purchase method used for?
What is the micro-purchase method used for?
- Purchasing from international suppliers
- Purchasing specialized equipment
- Purchasing small amounts (correct)
- Purchasing large amounts
What are the three elements for proper procurement?
What are the three elements for proper procurement?
- Aggregate purchase amount less than $5,000, equitable distribution, and reasonable cost
- Aggregate purchase amount less than $10,000, equitable distribution, and unreasonable cost
- Aggregate purchase amount less than $10,000, equitable distribution, and reasonable cost (correct)
- Aggregate purchase amount less than $10,000, inequitable distribution, and reasonable cost
Is micro-purchase the primary method of procurement?
Is micro-purchase the primary method of procurement?
- It is not mentioned in the text
- Yes
- No (correct)
- It depends on the situation
What should be used to determine appropriate procurement method?
What should be used to determine appropriate procurement method?
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Can the micro-purchase threshold be used instead of applicable procurement methods?
Can the micro-purchase threshold be used instead of applicable procurement methods?
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Do Buy American provisions apply to micro-purchases?
Do Buy American provisions apply to micro-purchases?
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Is competitive purchasing required for micro-purchases?
Is competitive purchasing required for micro-purchases?
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Study Notes
- Micro-purchase method is for purchasing small amounts.
- Three elements for proper procurement: aggregate purchase amount less than $10,000, equitable distribution, and reasonable cost.
- Micro-purchases are not the primary method of procurement.
- Forecasting and budgeting should be used to determine appropriate procurement method.
- Micro-purchase threshold cannot be used in lieu of applicable procurement methods.
- Buy American provisions apply to micro-purchases.
- Competitive purchasing is not required for micro-purchases.
- Cost analysis is not required but price must be reasonable.
- Purchases must be distributed among qualified suppliers.
- Blanket purchase orders can be used.
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