CPFO EXAM PREPARATION

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Question #6 (Topic: Demo Questions)

What is the purpose of competitive procurement?

Guarantee one supplier receives the contract

Promote fairness, competition, and value for money

Avoid documenting purchases

Eliminate vendor evaluation

Correct Answer: B

Question #7 (Topic: Demo Questions)

What does risk assessment help an organization identify?

Only employee salaries

Potential threats and their likelihood and impact

Only annual revenue

Future tax rates with certainty

Correct Answer: B

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