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WorksheetsNovember 2021 Quizzes
Total questions: 7
Worksheet time: 70secs
What is the income requirement for the Surety Party?
Three times of the net income of the PP or SP
Five times of the net income of the PP or SP
Same income as the PP or SP
Five times of the gross income of the PP or SP
It is formed to demonstrate the credibility of the PP or SP, guarantee performance and completion of the terms of the agreement.
Surety Bond
Surety Party
Surety Obligation
Surety
Which statement is true with regard to Background Investigation?
It can be done after hiring
Request for BI can be initiated by any department
It is applicable only to office staff with ranks 11 and up
Potential candidate must pass the BI
Which is not a document required by GSSO before they proceed with the background investigation?
Brgy clearance
Any identification card
Contact number of the character reference
Application form
Which of the following best describes a background investigation?
It does not add value to the organization
It does not consider potential hiring risks
It is done to verify the authenticity of the applicant
It is done because you are not satisfied about the interview
Which is not a type of background investigation
Academic verification
AMCA
Character reference check
Identity verification
Which statement is not true about surety bond?
Surety can be secured after issuance of an ID
It protects the interest of all the SatCos of the Forza group
It answers for any damages or losses due to the negligence or default of the PP or SP
All PPs and SPs are required to secure a surety bond
