Certified Professional Property Specialist
CPPS - Study Guide Questions With
Complete Solutions
Movement - Correct Answer The act or process of moving, a change of place or
position, the physical relocation of property from one area to another.
Movement - Correct Answer Effectively tracking throughout the life cycle is on of the
most challenging aspects.
Movement - Correct Answer Record location must be updated following the movement
of an asset and the documentation retained in the property record.
Off-Site - Correct Answer Property control policies and procedures must be specific
regarding the conditions under which use is authorized, what responsibility the asset
user assumes by taking an asset, and any use limitations that are placed on the
equipment. Off-site location must be reflected in the property records.
Off-Site - Correct Answer Property must be returned within one week unless an
extended time period is specifically approved; at the time of the organization wide
inventory, all property must be returned to its authorized location so that it can be
accounted for by physical inventory; subject to recall at any time
Property Movement Documents - Correct Answer Transfer and Accountability Form,
Hand Receipt, Equipment Log-Out Form, Electronic or Automated Property Pass
Systems
Shipping - Correct Answer 1)Movement from one geographical are to another 2)
originator responsible for packaging, packing, preservation, and marking of any
shipment 3) Property Manager responsible for determining applicability of applicable
laws 4) shipping documents must accompany the shipment 5) laws may apply to
hazardous materials 6) system of receipt notification is established to ensure completed
shipments 7) responsibility rests with the shipper (unless legally indicated otherwise) 8)
shipments made via licensed Interstate Commerce Commission (IIC) burden of liability
is places with carrier
Maintenance - Correct Answer The act of maintaining to keep in an existing state or
preserve from failure of decline, something that maintains, the upkeep of property or
equipment.
Property Management - Correct Answer While not responsible for the maintenance of
equipment, must ensure that all compliance requirements are met from a property
perspective.
CPPS - Study Guide Questions With
Complete Solutions
Movement - Correct Answer The act or process of moving, a change of place or
position, the physical relocation of property from one area to another.
Movement - Correct Answer Effectively tracking throughout the life cycle is on of the
most challenging aspects.
Movement - Correct Answer Record location must be updated following the movement
of an asset and the documentation retained in the property record.
Off-Site - Correct Answer Property control policies and procedures must be specific
regarding the conditions under which use is authorized, what responsibility the asset
user assumes by taking an asset, and any use limitations that are placed on the
equipment. Off-site location must be reflected in the property records.
Off-Site - Correct Answer Property must be returned within one week unless an
extended time period is specifically approved; at the time of the organization wide
inventory, all property must be returned to its authorized location so that it can be
accounted for by physical inventory; subject to recall at any time
Property Movement Documents - Correct Answer Transfer and Accountability Form,
Hand Receipt, Equipment Log-Out Form, Electronic or Automated Property Pass
Systems
Shipping - Correct Answer 1)Movement from one geographical are to another 2)
originator responsible for packaging, packing, preservation, and marking of any
shipment 3) Property Manager responsible for determining applicability of applicable
laws 4) shipping documents must accompany the shipment 5) laws may apply to
hazardous materials 6) system of receipt notification is established to ensure completed
shipments 7) responsibility rests with the shipper (unless legally indicated otherwise) 8)
shipments made via licensed Interstate Commerce Commission (IIC) burden of liability
is places with carrier
Maintenance - Correct Answer The act of maintaining to keep in an existing state or
preserve from failure of decline, something that maintains, the upkeep of property or
equipment.
Property Management - Correct Answer While not responsible for the maintenance of
equipment, must ensure that all compliance requirements are met from a property
perspective.
