NIGP-CPP BRIDGE UPDATED ACTUAL QUESTIONS
WITH CORRECT ANSWERS
Question 1.
cloud
ANSWER
a network of remote servers hosted on the Internet and used to store, manage, and process
data in place of local servers or personal computers.
Question 2.
CPT (Carriage Paid To)
ANSWER
the seller delivers the goods to the carrier or another person nominated by the seller at an
agreed place (if any such place is agreed between parties) and that the seller must contract for
and pay the costs of carriage necessary to bring the goods to the named place of destination.
Question 3.
Capital Budget
ANSWER
a financial statement that estimates a firm's expenditures for major assets and its long-term
financing needs
Question 4.
McGregor's Theory X
ANSWER
the assumption that employees dislike work, are lazy, avoid responsibility, and must be
coerced to perform. Managers must organize all elements of the work, direct employee
efforts, and control their actions to fit the needs of the organization.
,Question 5.
Micro business
ANSWER
employs fewer than five people (including the owner)
Question 6.
Grant
ANSWER
a financial award given by a government agency to a private individual or group in order to
carry out a specific task
Question 7.
Small Business Administration
ANSWER
Congress created this administration, whose function is to "aid, counsel, assist and protect,
insofar as is possible, the interests of small business concerns."
Question 8.
responsible
ANSWER
A business entity or individual who has the integrity and reliability as well as the financial and
technical capacity to perform the requirements of the solicitation and subsequent contract.
Question 9.
Price Analysis
ANSWER
The process of comparing suppliers prices against each other or an external benchmark
, Question 10.
DAT (Delivered at Terminal)
ANSWER
Seller delivers when the goods, once unloaded from the arriving means of transport, are
placed at the disposal of the buyer at a named terminal at the named port or place of
destination. "Terminal" includes a place, whether covered or not, such as a quay, warehouse,
container yard or road, rail or air cargo terminal. The seller bears all risks involved in bringing
the goods to and unloading them at the terminal at the named port or place of destination.
Question 11.
IFB
ANSWER
Competitive sealed responses when price is the basis for award
Question 12.
cause
ANSWER
something that produces an effect or result or make something happen
Question 13.
Responsive
ANSWER
A bid or proposal that fully conforms in all material respects to the Invitation for Bids/ Request
for Proposals and all of its requirements, including all forms and substance.
Question 14.
FCA (Free Carrier)
ANSWER
seller delivers the goods to the carrier or another person nominated by the buyer at the
seller's premises or another named place.
The parties are well advised to specify as clearly as possible the point within the named place
of delivery, as the risk passes to the buyer at that point.
WITH CORRECT ANSWERS
Question 1.
cloud
ANSWER
a network of remote servers hosted on the Internet and used to store, manage, and process
data in place of local servers or personal computers.
Question 2.
CPT (Carriage Paid To)
ANSWER
the seller delivers the goods to the carrier or another person nominated by the seller at an
agreed place (if any such place is agreed between parties) and that the seller must contract for
and pay the costs of carriage necessary to bring the goods to the named place of destination.
Question 3.
Capital Budget
ANSWER
a financial statement that estimates a firm's expenditures for major assets and its long-term
financing needs
Question 4.
McGregor's Theory X
ANSWER
the assumption that employees dislike work, are lazy, avoid responsibility, and must be
coerced to perform. Managers must organize all elements of the work, direct employee
efforts, and control their actions to fit the needs of the organization.
,Question 5.
Micro business
ANSWER
employs fewer than five people (including the owner)
Question 6.
Grant
ANSWER
a financial award given by a government agency to a private individual or group in order to
carry out a specific task
Question 7.
Small Business Administration
ANSWER
Congress created this administration, whose function is to "aid, counsel, assist and protect,
insofar as is possible, the interests of small business concerns."
Question 8.
responsible
ANSWER
A business entity or individual who has the integrity and reliability as well as the financial and
technical capacity to perform the requirements of the solicitation and subsequent contract.
Question 9.
Price Analysis
ANSWER
The process of comparing suppliers prices against each other or an external benchmark
, Question 10.
DAT (Delivered at Terminal)
ANSWER
Seller delivers when the goods, once unloaded from the arriving means of transport, are
placed at the disposal of the buyer at a named terminal at the named port or place of
destination. "Terminal" includes a place, whether covered or not, such as a quay, warehouse,
container yard or road, rail or air cargo terminal. The seller bears all risks involved in bringing
the goods to and unloading them at the terminal at the named port or place of destination.
Question 11.
IFB
ANSWER
Competitive sealed responses when price is the basis for award
Question 12.
cause
ANSWER
something that produces an effect or result or make something happen
Question 13.
Responsive
ANSWER
A bid or proposal that fully conforms in all material respects to the Invitation for Bids/ Request
for Proposals and all of its requirements, including all forms and substance.
Question 14.
FCA (Free Carrier)
ANSWER
seller delivers the goods to the carrier or another person nominated by the buyer at the
seller's premises or another named place.
The parties are well advised to specify as clearly as possible the point within the named place
of delivery, as the risk passes to the buyer at that point.
