7 Questions
What is the micro-purchase method used for?
Purchasing small amounts
What are the three elements for proper procurement?
Aggregate purchase amount less than $10,000, equitable distribution, and reasonable cost
Is micro-purchase the primary method of procurement?
No
What should be used to determine appropriate procurement method?
Forecasting and budgeting
Can the micro-purchase threshold be used instead of applicable procurement methods?
No
Do Buy American provisions apply to micro-purchases?
Yes
Is competitive purchasing required for micro-purchases?
No
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.
Test your knowledge on the micro-purchase method and procurement rules with this quiz! Learn about the three elements for proper procurement, the role of forecasting and budgeting, and the application of Buy American provisions. See if you know when competitive purchasing is required and when cost analysis is necessary. This quiz covers the ins and outs of micro-purchases, including the use of blanket purchase orders and distribution among qualified suppliers. Sharpen your skills in procurement with this informative quiz!
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