Certified Professional Public Buyer (CPPB) Practice Test

What does market surveillance involve?

1. A detailed financial audit

2. A high-level review of all market activities

3. A subjective interpretation of current trends

4. A complete assessment of customer satisfaction

The correct answer is: A high-level review of all market activities

Market surveillance involves closely monitoring market activities to ensure compliance with regulations and to gain insights into the dynamics of the market. A high-level review of all market activities is central to this process, as it encompasses the analysis of trends, behaviors, pricing, and compliance with established rules. This comprehensive overview allows market participants and regulators to understand how the market is functioning and to identify any areas of concern or opportunities for improvement. The other options do not accurately reflect the essence of market surveillance. A detailed financial audit focuses specifically on the financial aspects of an entity, which is not the primary concern of market surveillance. The subjective interpretation of current trends lacks the systematic and rigorous approach necessary for effective market monitoring. Similarly, a complete assessment of customer satisfaction is concerned with consumer feedback and experiences rather than the broader market operations and compliance aspects addressed in market surveillance. Therefore, a high-level review encompasses the overall monitoring that market surveillance aims to achieve.