Certified Professional Public Buyer (CPPB) Practice Test

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Which value is commonly associated with codes of ethics in public procurement?

Transparency and accountability
Impartiality, honesty, loyalty
Innovation and adaptability
Efficiency and cost-effectiveness

The correct answer is: Impartiality, honesty, loyalty

The value of impartiality, honesty, and loyalty is integral to codes of ethics in public procurement because these principles ensure that procurement professionals make decisions based solely on merit and in the best interest of the public. Impartiality guards against favoritism and bias, thus maintaining fair competition among suppliers. Honesty fosters trust in the procurement process, ensuring stakeholders believe that decisions are made ethically and transparently. Loyalty encompasses a commitment to protecting public resources and acting in a manner that is beneficial to the government and the public, upholding the public trust. This adherence to ethical standards is essential in public procurement as it helps to mitigate risks associated with corruption and mismanagement of public funds, promoting a culture of integrity and accountability within public purchasing.