NPMA Property Management CPPS
Exam QUESTIONS AND ANSWERS 100%
RATED CORRECT WITH 100% SURE
PASS|GRADED A+
Property Management - CORRECT ANSWERS The exercise of a restraining or governing
influence over the acquisition , use , and disposition of personal property
Property control function names - CORRECT ANSWERS Property control, Asset Management,
fixed-asset accounting, inventory control, material
PMO - CORRECT ANSWERS Property Management Office
PMO responsibilities - CORRECT ANSWERS 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 - CORRECT ANSWERS The establishment and maintenance of a
property control system
Property Control System - CORRECT ANSWERS comprised of
Primary difference between accountability and responsibility - CORRECT ANSWERS A
Who is accountable for the property - CORRECT ANSWERS To whom are you accountable for
the property
Transfer of Accountability - CORRECT ANSWERS
Transfers - CORRECT ANSWERS not always physical, require approval, approval record is part
of historical file and audit trail
Transfer between contracts - CORRECT ANSWERS both releasing and gaining agency verify
accuracy
Responsibility - CORRECT ANSWERS 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 - CORRECT ANSWERS to be answerable for a trust or
obligation.
Exam QUESTIONS AND ANSWERS 100%
RATED CORRECT WITH 100% SURE
PASS|GRADED A+
Property Management - CORRECT ANSWERS The exercise of a restraining or governing
influence over the acquisition , use , and disposition of personal property
Property control function names - CORRECT ANSWERS Property control, Asset Management,
fixed-asset accounting, inventory control, material
PMO - CORRECT ANSWERS Property Management Office
PMO responsibilities - CORRECT ANSWERS 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 - CORRECT ANSWERS The establishment and maintenance of a
property control system
Property Control System - CORRECT ANSWERS comprised of
Primary difference between accountability and responsibility - CORRECT ANSWERS A
Who is accountable for the property - CORRECT ANSWERS To whom are you accountable for
the property
Transfer of Accountability - CORRECT ANSWERS
Transfers - CORRECT ANSWERS not always physical, require approval, approval record is part
of historical file and audit trail
Transfer between contracts - CORRECT ANSWERS both releasing and gaining agency verify
accuracy
Responsibility - CORRECT ANSWERS 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 - CORRECT ANSWERS to be answerable for a trust or
obligation.
