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