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Disadvantaged Business Entity - ANSWER-✅✅Business in which majority ownership
belongs to members determined to be historically underprivileged because of a
predetermined social advantage
small business - ANSWER-✅✅an independently owned firm, corporation, or
establishment having a small number of employees, low volume of sales, small
amount of assets and limited impact on the market
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."
Micro business - ANSWER-✅✅employs fewer than five people (including the owner)
Greenwashing - ANSWER-✅✅disinformation disseminated by an organization so as
to present an environmentally responsible public image.
, Sustainable construction - ANSWER-✅✅The practice of creating structures and
using processes that are environmentally responsible and resource-efficient
throughout the lifecycle of the building.
Leadership in Energy and Environmental Design (LEED) - ANSWER-✅✅An
internationally recognized green building certification system and is one of the most
popular green building certification programs used worldwide.
acquisition - ANSWER-✅✅The process of acquiring property or services that are
already in existence, or that must be created, developed, demonstrated and
evaluated.
Strategic Planning - ANSWER-✅✅A course of action to achieve long-range goals,
generally up to five years. Reflects the company's direction and its purpose as stated
in its mission statement.
Tactical planning - ANSWER-✅✅A course of action to achieve short-term goals,
generally within a year or less. They are concerned with what the units beneath top
management must do, how they must do it and who has the responsibility. They
have shorter time frames and narrower scopes that the strategic plans.
regulation - ANSWER-✅✅A statement by a governmental body to implement,
interpret, or prescribe law or policy, or to describe the organization, procedure, or
practice, often promulgated in accordance with an administrative procedure act.
policy - ANSWER-✅✅A governing principle or plan that establishes the general
parameters for an organization to follow in carrying out its responsibilities.
procedure - ANSWER-✅✅An established or official way of doing something
Common Law - ANSWER-✅✅(civil law) a law established by following earlier
judicial decisions
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.
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.
Actual Authority - ANSWER-✅✅Specific right to perform acts and make decision or
prescribe rules governing the conduct of others as given to an agent by a principal.
Express Authority - ANSWER-✅✅the authority of an agent, stated in the document
or agreement creating the agency