What is Bonding Questionnaire – BizJourney

Skip to content

What is Bonding Questionnaire

Module 1: What is Bonding What is Bonding Questionnaire

Time limit: 0

Quiz Summary

0 of 4 Questions completed

Questions:

Information

You have already completed the quiz before. Hence you can not start it again.

Quiz is loading…

You must sign in or sign up to start the quiz.

You must first complete the following:

Results

Quiz complete. Results are being recorded.

Results

0 of 4 Questions answered correctly

Your time:

Time has elapsed

You have reached 0 of 0 point(s), (0)

Earned Point(s): 0 of 0, (0)
0 Essay(s) Pending (Possible Point(s): 0)

Categories

Not categorized 0%

1

2

3

4

Current

Review

Answered

Correct

Incorrect

Question 1 of 4

1. Question

What is a Surety Bond?

An instrument under which one party guarantee to another that a third party will perform a contract

An instrument under which both parties guarantee to another that a third party will perform a contract

Both A & B

None of the Above

Question 2 of 4

2. Question

What is an RFP (Request for Proposal)?

A document that solicits proposal, often made through a bidding process, by an agency or company interested in procurement of a commodity, service or valuable asset.

A document that does not solicit proposal, often made through a non-bidding process, by an agency or company interested in procurement of a commodity, service or valuable asset.

A document that is required to sell your business

None of the Above

Question 3 of 4

3. Question

What is a Capabllity Statement?

A capability statement outlines what you can offer potential clients and provides the essential detail to help them decide whether to do business with you

A capability statement outlines what you can not offer potential clients and provides the essential detail to help them decide whether to do business with you

A capability statement measures your capability

None of the Above

Question 4 of 4

4. Question

What is one of the benefits of being “bonded”?

Bond offers contractors the option to set up separate lines of credit with surety or insurance companies, which can protect their lines of credit with banks

Bond offers opportunity to set up strategic partnerships

Bond offers opportunity to set up lines of credit

None of the Above

Lesson Content

Bonding Questionnaire

Previous Lesson

CONTACT US

STATEWIDE HISPANIC CHAMBER OF COMMERCE
1280 WALL STREET WEST, SUTE 312
LYNDHURST, NJ 07071

FOLLOW US

© 2023 SHCCNJ | ALL RIGHTS RESERVED