CPPS Module 2 test practice questions with complete solutions

Movement The act or process of moving, a change of place or position, the physical relocation of property from one area to another. Movement Effectively tracking throughout the life cycle is on of the most challenging aspects. Movement Record location must be updated following the movement of an asset and the documentation retained in the property record. Off-Site Property control policies and procedures must be specific regarding the conditions under which use is authorized, what responsibility the asset user assumes by taking an asset, and any use limitations that are placed on the equipment. Off-site location must be reflected in the property records. Off-Site Property must be returned within one week unless an extended time period is specifically approved; at the time of the organization wide inventory, all property must be returned to its authorized location so that it can be accounted for by physical inventory; subject to recall at any time Property Movement Documents Transfer and Accountability Form, Hand Receipt, Equipment Log-Out Form, Electronic or Automated Property Pass Systems Shipping 1)Movement from one geographical are to another 2) originator responsible for packaging, packing, preservation, and marking of any shipment 3) Property Manager responsible for determining applicability of applicable laws 4) shipping documents must accompany the shipment 5) laws may apply to hazardous materials 6) system of receipt notification is established to ensure completed shipments 7) responsibility rests with the shipper (unless legally indicated otherwise) 8) shipments made via licensed Interstate Commerce Commission (IIC) burden of liability is places with carrier Maintenance The act of maintaining to keep in an existing state or preserve from failure of decline, something that maintains, the upkeep of property or equipment. Property Management While not responsible for the maintenance of equipment, must ensure that all compliance requirements are met from a property perspective.