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NPMA CPPS Certification /82 Questions And Answers Rated (A+)
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NPMA CPPS Certification /82 Questions And Answers Rated (A+)
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NPMA CPPS Certification /82 Questions And AnswersRated (A+)
Quiz :Property Management - Answer :The exercise of a retaining or governing
influence over the acquisition, use, and disposition of personal property
Quiz :Property Control Variety of Names - Answer :Property Accounting, Fixed
Asset Accounting, Inventory Control, Material, Property Control, Asset
Management.
Quiz :Property Management Office PMO - Answer :Department within an org
that is responsible for controlling or managing property
Quiz :Property Manager - Answer :PMO is headed by
Quiz :Property Manager is responsible for: - Answer :establishing, guiding,
managing, and maintaining an efficient property system, communicating
effectively with other departments and functions, and developing and
presenting training in property related subjects
Quiz :Property Control System is comprised of - Answer :Property
Management Personnel, processes, and mgmt info. systems (MIS). (Written
policies, procedures, operational guidelines, and related records, and MIS that
facilitates these functions).
Quiz :If org contracts with the government, property manager must -
Answer :have a working relationship with all sponsor reps
Quiz :Ownership - Answer :Having legal or rightful title to property
Quiz :either owned by the org or is provided by a sponsor under some kind of
agreement (sponsor has ownership). - Answer :Property is either owned by or
provided.
Quiz :Ownership of property allows the owner to - Answer :make any and all
decisions regarding the property
Quiz :It is the property professional job to support the property owner in -
Answer :making and implementing effective decisions regarding the property
, Quiz :Duties, responsibilities, and potential penalties should be -
Answer :documented in a formal agreement between the provider and the
recipient (contract, grant)
Quiz :Accountability - Answer :means to posses and have use of the property
of another with delegated duties and responsibilities, subject to penalty in case
of default.
Quiz :Those accountable - Answer :do not have legal or rightful title to the
property
Quiz :Key elements of property accountability - Answer :provider, recipient,
specific duties and responsibilities, and penalties in case of default
Quiz :Who is accountable to who for property? - Answer :Contractor is
accountable to government. If gov. provides funding to acquire the property,
NASA is accountable to government.
Quiz :Transfer of accountability - Answer :When accountability shifts from one
entity to another.... may or may not include physical relocation of assets, but
will always include a change in accountability for the property
Quiz :Approvals for giving and accepting orgs - Answer :both must have
appropriate levels of mgmt authority approval, and both contracting officers
need to approve
Quiz :Approvals for transfers - Answer :must be obtain before the transfer
occurs, in writing, either within award doc, a letter, or email, and made part of
the file for audit trail
Quiz :transfer doc must include - Answer :date of transfer, the purpose of the
transfer, description of property, contract numbers
Quiz :Interdepartmental transfers - Answer :These occur routinely within orgs,
usually result of org changes, shift of work between departments, or excess
assets are needed by another department
Quiz :Interdepartmental transfer occurs when - Answer :property and
accountability shift from one org to another
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