In which stage of the procurement process is value analysis used? Developing specifications and descriptions Bidding proposal Evaluation of bids Preparation of tender documents SUBMIT Which public procurement principle states that the methodology adopted for procurement should be reasonable and appropriate for the cost and complexity of the subject matter of procurement? Responsiveness principle Professionalism principle Transparency principle Constitutional principle SUBMIT In which of the following ways can efficiency of public procurement enable the Public Financial Management System? Release more funds for developmental projects Release more funds to the private stakeholders Release more funds for customer satisfaction Release more funds for mass customisation SUBMIT Which of the following is NOT a limitation of a public procurement framework? Some of the elements could be mutually contradictory or elusive The public procurement framework becomes quite extensive Compliance may become the focus of public procurement Affirmative procurement from backward regions, weaker sections and small and medium enterprises SUBMIT Which of the following is NOT a benefit of procurement? Improve profitability Help in capturing large share of the market Improving customer satisfaction Eliminating waste resulting from competition SUBMIT