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NPMA Property Management CPPS Exam Questions With Answers

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NPMA Property Management CPPS Exam Questions With Answers Property Management The exercise of a restraining or governing influence over the acquisition , use , and disposition of personal property Property control function names Property control, Asset Management, fixed-asset accounting, in...

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  • June 22, 2024
  • 2
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

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NPMA Property Management CPPS Exam
Questions With Answers
Property Management
The exercise of a restraining or governing influence over the acquisition , use , and disposition of
personal property


Property control function names
Property control, Asset Management, fixed-asset accounting, inventory control, material


PMO
Property Management Office


PMO responsibilities
establishing, guiding, managing, and maintaining an efficient property system, communicating
effectively with other departments and functions, and developing and presenting training in subjects
relating to property.


PMO responsibilities
The establishment and maintenance of a property control system


Property Control System
comprised of


Primary difference between accountability and responsibility
A


Who is accountable for the property
To whom are you accountable for the property


Transfer of Accountability


Transfers
not always physical, require approval, approval record is part of historical file and audit trail


Transfer between contracts
both releasing and gaining agency verify accuracy


Responsibility
Means to be answerable for a trust or obligation
-If you have a car, loaned it to someone, they dont own, but are answerable to you. (Gas, accident,
etc). So it is a trust, and they are answerable.
It is possible to be responsible for the property


What does responsibility mean

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