Procurement Thresholds
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Questions and Answers

What does the term 'procurement threshold' refer to?

  • The average amount spent on purchases
  • The minimum amount that can be spent on a purchase
  • A limit on the number of purchases that can be made
  • The maximum amount that can be spent on a purchase (correct)

    • What is another term for 'procurement threshold'?

  • Budget ceiling
  • Cost boundary
  • Purchase quota
  • Spending limit (correct)

    • What might happen if a procurement threshold is exceeded?

  • The purchase might be cancelled
  • The purchaser might be penalized
  • Additional approval might be required (correct)
  • The vendor might be penalized

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