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Exam (elaborations)
NIGP CPP Module A Questions and Correct Answers/ Latest Update / Already Graded
A strategic plan is a course of action to achieve long-range goals, generally up to five years. Strategic plans reflect the company's direction and its purpose as stated in its mission statement. To develop strategic plans, top management must develop and use summary reports on finances, operations, and the external environment. Ans: Strategic Plan A tactical plan is a course of action to achieve short-term goals, generally within a year or less. Tactical plans are concerned with wh...
Expert1
Exam (elaborations)
Business Life Cycle Stages Questions and Answers
Business Life Cycle Stages Questions and Answers 7 There are ___ stages in a business life cycle. Existence stage The first stage of the business life cycle marked by the business being in operation but not yet stable in terms of markets, operations, or finances. Survival stage period when revenues start to grow and help pay some, but typically not all, of the expenses Success stage The third stage of the business life cycle marked by the firm being established in its m...
Pogba119
Exam (elaborations)
NIGP-CPP Bridge Questions & Answers
NIGP-CPP Bridge Questions & Answers Disadvantaged Business Business in which majority ownership belongs to members determined to be historically underprivileged because of a predetermined social advantage. Small Business 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 congress created this administration whose function is to...
Pogba119
Exam (elaborations)
Nigp-Cpp Module B - Focus 1 Strategy Questions & Answers
NIGP-CPP MODULE B - FOCUS 1 STRATEGY Questions & Answers Goal of Public Procurement The basic goal of public procurement is to satisfy the client by obtaining the optimum market response to solicitations for goods and/or services at a fair and reasonable price with exactly what is needed (i.e., quality) when it is needed (i.e., timeliness), while serving the long-term interests of the government by minimizing business and technical risks, accomplishing social and economic objectives, maximizin...
Pogba119
Exam (elaborations)
NIGP CPPO Certification Flashcards Questions and Answers
NIGP CPPO Certification Flashcards Questions and Answers 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 off...
Pogba119
Exam (elaborations)
NIGP-CPP Bridge Questions & Answers
NIGP-CPP Bridge Questions & Answers Disadvantaged Business Entity Business in which majority ownership belongs to members determined to be historically underprivileged because of a predetermined social advantage small business 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 Congress created this administration, whose function ...
Pogba119
Exam (elaborations)
NIGP Terms Volume III Exam Questions and Answers
NIGP Terms Volume III Exam Questions and Answers Advance Payments - Answer-Agreed upon disbursements between buyer and seller made prior to the delivery of the contracted goods and services. Payments may be for a stated amount or for a percentage of the purchase price. Sometimes referred to as Cash in Advance. Agreement - Answer-An understanding between two or more parties in which they state a common understanding and intention regarding past or future intentions or facts, sometimes with a ...
shiifridoc
Exam (elaborations)
NIGP Exam Questions with Correct Answers
NIGP Exam Questions with Correct Answers A+B Bidding - Answer-A cost-plus-time bidding procedure that selects the low bidder based on a monetary combination of the contract bid items (A) and the time (B) needed to complete the project or a critical portion of the project. It is used to motivate the contractor to minimize the overall time on high priority and high usage projects. This encourages contractors to finish early by (1) offering bonuses for early completion and (2) assessing fines for...
shiifridoc
Exam (elaborations)
NIGP CPP Module A Exam Questions and Answers All Correct
NIGP CPP Module A Exam Questions and Answers All Correct A strategic plan is a course of action to achieve long-range goals, generally up to five years. Strategic plans reflect the company's direction and its purpose as stated in its mission statement. To develop strategic plans, top management must develop and use summary reports on finances, operations, and the external environment. - Answer- Strategic Plan A tactical plan is a course of action to achieve short-term goals, generally withi...
shiifridoc
Exam (elaborations)
NIGP CPP Bridge Exam Questions and Answers All Correct
NIGP CPP Bridge Exam Questions and Answers All Correct 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...
shiifridoc
Exam (elaborations)
NIGP Procurement Terms set 2 Questions and Answers
NIGP Procurement Terms set 2 Questions and Answers Tax Burden - Answer-A measure of the taxes paid relative to another constant factor, such as total personal income. (Schiller, 2000) TCO - Answer-Total Cost of Ownership Team Development Stages - Answer-Stages include: 1. Forming - Members decide whether to join the group, learn the traits and strengths of other members and identify a leader; 2. Storming - The team experience developmental issues due to personality conflict and difficulty...
shiifridoc
Exam (elaborations)
NIGP Exam Questions with Correct Answers
NIGP Exam Questions with Correct Answers A+B Bidding - Answer-A cost-plus-time bidding procedure that selects the low bidder based on a monetary combination of the contract bid items (A) and the time (B) needed to complete the project or a critical portion of the project. It is used to motivate the contractor to minimize the overall time on high priority and high usage projects. This encourages contractors to finish early by (1) offering bonuses for early completion and (2) assessing fi...
Stuviaascorers
Exam (elaborations)
NIGP Terms Volume III Exam Questions and Answers
NIGP Terms Volume III Exam Questions and Answers Advance Payments - Answer-Agreed upon disbursements between buyer and seller made prior to the delivery of the contracted goods and services. Payments may be for a stated amount or for a percentage of the purchase price. Sometimes referred to as Cash in Advance. Agreement - Answer-An understanding between two or more parties in which they state a common understanding and intention regarding past or future intentions or facts, sometimes ...
Stuviaascorers
Exam (elaborations)
NIGP Terms Volume III Exam Questions and Answers
NIGP Terms Volume III Exam Questions and Answers Advance Payments - Answer-Agreed upon disbursements between buyer and seller made prior to the delivery of the contracted goods and services. Payments may be for a stated amount or for a percentage of the purchase price. Sometimes referred to as Cash in Advance. Agreement - Answer-An understanding between two or more parties in which they state a common understanding and intention regarding past or future intentions or facts, sometimes with a ...
wisdompoint
Exam (elaborations)
NIGP Procurement Terms set 2 Questions and Answers
NIGP Procurement Terms set 2 Questions and Answers Tax Burden - Answer-A measure of the taxes paid relative to another constant factor, such as total personal income. (Schiller, 2000) TCO - Answer-Total Cost of Ownership Team Development Stages - Answer-Stages include: 1. Forming - Members decide whether to join the group, learn the traits and strengths of other members and identify a leader; 2. Storming - The team experience developmental issues due to personality conflict and difficulty...
wisdompoint
Exam (elaborations)
NIGP Exam Questions with Correct Answers (1)
NIGP Exam Questions with Correct Answers (1) A+B Bidding - Answer-A cost-plus-time bidding procedure that selects the low bidder based on a monetary combination of the contract bid items (A) and the time (B) needed to complete the project or a critical portion of the project. It is used to motivate the contractor to minimize the overall time on high priority and high usage projects. This encourages contractors to finish early by (1) offering bonuses for early completion and (2) assessing fines ...
wisdompoint
Exam (elaborations)
NIGP Exam Questions with Correct Answers
NIGP Exam Questions with Correct Answers A+B Bidding - Answer-A cost-plus-time bidding procedure that selects the low bidder based on a monetary combination of the contract bid items (A) and the time (B) needed to complete the project or a critical portion of the project. It is used to motivate the contractor to minimize the overall time on high priority and high usage projects. This encourages contractors to finish early by (1) offering bonuses for early completion and (2) assessing fi...
statmaster
Exam (elaborations)
NIGP Procurement Terms set 2 Questions and Answers
NIGP Procurement Terms set 2 Questions and Answers Tax Burden - Answer-A measure of the taxes paid relative to another constant factor, such as total personal income. (Schiller, 2000) TCO - Answer-Total Cost of Ownership Team Development Stages - Answer-Stages include: 1. Forming - Members decide whether to join the group, learn the traits and strengths of other members and identify a leader; 2. Storming - The team experience developmental issues due to personality conflict and difficul...
Perfectscorer
Exam (elaborations)
NIGP Terms Volume III Exam Questions and Answers
NIGP Terms Volume III Exam Questions and Answers Advance Payments - Answer-Agreed upon disbursements between buyer and seller made prior to the delivery of the contracted goods and services. Payments may be for a stated amount or for a percentage of the purchase price. Sometimes referred to as Cash in Advance. Agreement - Answer-An understanding between two or more parties in which they state a common understanding and intention regarding past or future intentions or facts, sometimes with a...
Perfectscorer
Exam (elaborations)
NIGP Exam Questions with Correct Answers
NIGP Exam Questions with Correct Answers A+B Bidding - Answer-A cost-plus-time bidding procedure that selects the low bidder based on a monetary combination of the contract bid items (A) and the time (B) needed to complete the project or a critical portion of the project. It is used to motivate the contractor to minimize the overall time on high priority and high usage projects. This encourages contractors to finish early by (1) offering bonuses for early completion and (2) assessing fines for...
Perfectscorer