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NPMA CPPS Certification Questions And Answers With Verified Solutions 100% Correct!!! Latest Updated 2024
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NPMA CPPS Certification Questions And Answers With Verified Solutions 100% Correct!!! Latest Updated 2024

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  • November 19, 2024
  • 9
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • npma cpps certification questions and answers with
  • 2 which of the following terms means to possess
  • 1 what is the document most organizations use tha
  • 3 what element is crucial to the entire process o
  • 5

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  • Certified Professional Property Specialist
  • Certified Professional Property Specialist

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NPMA CPPS Certification Questions And
Answers With Verified Solutions 100%
Correct!!! Latest Updated 2024
2. Which of the following terms means "to possess and have use of property of
another with delegated responsibilities"? (pg. 1-2)(Chapter 1) - ANSWER✔✔ c.
Acountability


1. What is the document most organizations use that describes and conveys the
process steps taken to produce a desired result? (pg. 1-2)(Chapter 1) -
ANSWER✔✔ a. Procedure


3. What element is crucial to the entire process of the property control system? (pg.
1-7)(Chapter 1) - ANSWER✔✔ b. Records


4. When are property records modified? (pg. 1-7)(Chapter 1) - ANSWER✔✔ c.
Throughout the property life cycle


5. What does reutilization reduce? (pg. 1-15)(Chapter 1) - ANSWER✔✔ d.
Redundant


1. When does the Acquisition begin? (pg. 2-2)(Chapter 2) - ANSWER✔✔ a.
Needs have been defined


2. What is the first step of the approval process when making a purchase? (pg. 2-
2)(Chapter 2) - ANSWER✔✔ c. Obtaining approval to spend budgeted
organizational funds


3. When a decision has been made to buy new equipment, considerations should be

, decided, such as: immediate availability, extended service warranties, and
_________.
(pg. 2-4)(Chapter 2) - ANSWER✔✔ b. Advanced technology


4. When a Purchase Order has been completed, Purchasing should provide a copy
of the Purchase Order to property management, the originator, accounts payable,
and what other department? (pg. 2-6)(Chapter 2) - ANSWER✔✔ d. Receiving


5. What establishes delegation of authority for signature approval thresholds and
types of
property for those signature levels? (pg. 2-2)(Chapter 2) - ANSWER✔✔ a.
Organization procedure


1. In organizations having online financial systems, documentation is created
electronically
and is retained in the system's transaction history. It is often used as part of a three-
way
match of transactions prior to payment: the PO, the receiving documentation, and
the
___________. (pg. 3-2)(Chapter 3) - ANSWER✔✔ a. Invoice


2. A ________________________ provides receiving activity information as well
as a way
to trace items that are lost or misappropriated during the receiving process or
during
delivery from the receiving area. (pg. 3-2)(Chapter 3) - ANSWER✔✔ d. Receiving
voucher log

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