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The exercise of a retaining or governing influence over the acquisition, use, and disposition of personal
property - correct ans:Property Management
, Property Accounting, Fixed Asset Accounting, Inventory Control, Material, Property Control, Asset
Management. - correct ans:Property Control Variety of Names
Department within an org that is responsible for controlling or managing property - correct ans:Property
Management Office PMO
PMO is headed by - correct ans:Property Manager
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 - correct ans:Property Manager is responsible for:
Property Management Personnel, processes, and mgmt info. systems (MIS). (Written policies,
procedures, operational guidelines, and related records, and MIS that facilitates these functions). -
correct ans:Property Control System is comprised of
have a working relationship with all sponsor reps - correct ans:If org contracts with the government,
property manager must
Having legal or rightful title to property - correct ans:Ownership
Property is either owned by or provided. - correct ans:either owned by the org or is provided by a
sponsor under some kind of agreement (sponsor has ownership).
make any and all decisions regarding the property - correct ans:Ownership of property allows the owner
to
making and implementing effective decisions regarding the property - correct ans:It is the property
professional job to support the property owner in
documented in a formal agreement between the provider and the recipient (contract, grant) - correct
ans:Duties, responsibilities, and potential penalties should be