VERIFIED ANSWERS LATEST UPDATE
GRADED A+
Having a standard to reference during a review or audit will provide a strong
foundation to ensure what? (pg.1-5)
a. compliance
b. evidence
c. traceability
d. completed procedures --CORRECT ANSWER--a. compliance
What is the Requirements Determination process of identifying and justifying
property? (pg. 2-1)
a. job levels and expenditures
b. expenditures ratios and misappropriations
c. supply and demand
d. future property acquisitions and providing the necessary funds --CORRECT
ANSWER--d. future property acquisitions and providing the necessary funds
When the asset base exceeds __________ in value, even small reductions in the
cost of acquiring and holding property can have a greater impact than larger
gains in productivity. (pg. 2-2)
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,a. budget allocations
b. annual payroll
c. capital assets
d. balance sheet --CORRECT ANSWER--b. annual payroll
What process must take into account current and future commitments to provide
equipment and facilities to support current contract obligations and customer
needs? (pg. 2-2)
a. Capital Planning Process
b. Capital Budget Review
c. Creation of the Final Budget
d. Determination of Capital Items --CORRECT ANSWER--a. Capital Planning
Process
A property manager must plan and schedule a periodic analysis of new personal
property items, whose acquisition could result in lower total costs to the
government through longer service life, greater productivity, and _________:
(pg. 2-5)
a. budget analysis
b. reduced maintenance cost
c. prioritization
d. process --CORRECT ANSWER--b. reduced maintenance cost
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, What institute worked to facilitate the growing trend of Government agencies'
use of voluntary consensus standards created by the private sector as an
alternative to agency developed standards? (pg.1-2)
a. COTCO
b. OMB Circular A-119
c. NIST
d. ANSI --CORRECT ANSWER--d. ANSI
To be classified as a voluntary consensus standard, the standard must be
developed within what? (pg.1-2)
a. criteria and process
b. timeframe
c. specifications
d. practice and methods --CORRECT ANSWER--a. criteria and process
When the Work Item (draft standard) has been completed, the individual or
Task Group will send it to __________. (pg.1-4)
a. COTCO
b. ASTM
c. E-53 Chairperson
d. ANSI --CORRECT ANSWER--b. ASTM
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