Nigp terms - Study guides, Class notes & Summaries

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 ...

NIGP CPPO Certification Exam Questions & Answers 2024/2025 Surety - ANSWERSa 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 - ANSWERSThe 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 - ANSWERS1. ...

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 ...

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 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 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 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 diffic...

NIGP-CPP Exam Questions With Verified Answers. Sierra, a Procurement Director is developing her department's Continuity of Operations Plan. Which step should she do first to determine her departments essential functions? o Call a similar public entity and ask for a copy of their continuity of operation plan o Ask her customers what functions are most important to them o Document then list all procurement functions o Ask other entities who have experienced a disaster what their essential ...

CTCM EXAM LATEST QUESTIONS & ANSWERS ALREADY PASSED!! Vendor Communication consists of all of the following except. A. Avoids situations that could appear to show favoritism to a specific vendor B. is constant throughout the life of a contract C. Allows communication by the end user during solicitation as long as they communicate to all vendors D. Is allowable and unallowable depending on the circumstance. C. Allows communication by the end user during solicitation as long as they commun...

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...