Nigp cpp Study guides, Class notes & Summaries

NIGP CPPO Certification Exam 2023/2024 Questions and Answers. Surety - ANSWER 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 - ANSWER 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 - ANSWER 1. I...

NIGP CPP Bridge Exam Questions with Correct Answers 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 t...

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. correct answer: 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...

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 is to "aid, counsel, assist and protect, i...

NIGP CPP Exam Questions with Correct Answers You are leading the procurement for a new enterprise resource planning IT system that will be deployed across the entity. Proposers likely will use various subcontractors for integration, project management, and training. The users have expressed concern about financial viability of the successful contractor; the entity does not have the financial resources to mitigate risk from a default. What requirement would best protect the entity? - Answer-L...

NIGP CPPO Certification Accurate 100%Surety - ANSWER 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 - ANSWER 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 - ANSWER 1. Indication that an offeree ...

Surety - ANSWER-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 - ANSWER-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 - ANSWER-1. Indication that an offeree is bound by the terms of the offer. ...

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What is the goal of public procurement? - ANSWER-To obtain optimum market response at a fair price with quality and timeliness while serving long-term interests. What is the role of procurement as a strategic partner? - ANSWER-To provide strategic value to governmental entities by working with stakeholders and advisers. What is the importance of strategic planning in procurement planning? - ANSWER-It provides the framework to develop procurement strategy and tactics. What is the percent...

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 t...