NAVSUP P-485, VOLUME I (CH 6), Top Exam Questions and answers, 100% Accurate. Verified.

NAVSUP P-485, VOLUME I (CH 6), Top Exam Questions and answers, 100% Accurate. Verified. What provide policy, guidance, and performance objectives for maintaining control over Navy-owned material inventories, ensures the accuracy of associated inventory item and financial records and maintains regulatory responsibilities in support of Financial Improvement and Audit Readiness (FIAR)? - -Navy Inventory Integrity Standards Which series states the basic Navy policy governing the range and depth of stock material which each ship is required to carry for self-support? - -OPNAVINST 4441.12 What is all reactor plant support managed as in nuclear powered ships? - -Stock material Which type of inventory requires the physical count of all items which, because of their physical characteristics, cost, mission essentiality, criticality or other reasons, are specifically designated for separate identification and inventory control? - -Special material Which type of inventory is an unscheduled type of physical inventory which is taken to verify the existence and completeness or actual physical quantity of a specific stock item? - -Spot Which type of inventory is based on the premise that inaccuracies of stock record balances for any given items increase proportionately with issue frequency, and consequently, that most of the physical inventory effort should be concentrated on frequently demanded items? - -Velocity The percentage of stock items to be inventoried annually by the random sampling technique is what percentage of the total range of items carried, less the number of items that are completely and periodically inventoried? - -5% How often at a minimum must presentation silver sets appraised at $90,000 or more be inventoried? - -Annually