ACTUAL 2025/2026 LATEST NIGP CPPO Certification Exam Solved 100% Correct

ACTUAL 2025/2026 LATEST NIGP CPPO Certification Exam Solved 100% Correct Surety - a pledge or guarantee by an insurance company, bank, individual or corporation on behalf of a bidder or offeror which protects against default or failure of the principal to satisfy the contractual obligations. accountability - The principle that employees who accept an assignment and the authority to carry it out are answerable to a superior or a higher authority for the outcome. acceptance - 1. Indication that an offeree is bound by the terms of the offer. 2. An indication by one party of a willingness to act in accordance with the contract or offer. 3. The assumption of a legal obligation by a party to contract to the terms and conditions of that contract.