NAVSUP P-485, VOLUME I (CH 8). Top Exam Questions and answers, 100% Accurate, VERIFIED.

NAVSUP P-485, VOLUME I (CH 8). Top Exam Questions and answers, 100% Accurate, VERIFIED. What is the technical authority for developing and implementing methods to maintain accountability of government property? - -NAVSUP Which section of Title 10 U.S. Code authorizes the Secretary of the Navy to accept and care for gifts of silver and other valuable articles presented to the United States by states, municipalities, organizations, individuals, or other sources, and is the basic authority to expend operational funds to care for such gifts? - -Section 7221 Who is the only individual who can accept silver gifts of a value in excess of $60,000? - -Secretary of the Navy (SECNAV) The NAVSUP Commander is authorized to accept gifts of silver of a value less than which amount? - -$12,000 What is presentation silver that is received by a ship as a gift classified as? - -Namesake silver It is strongly recommended that silver be reappraised every how many years? - -5 Within how many days of the receipt of donated presentation silver must a complete inventory of all donated items be sent to Commander, Naval Supply Systems Command? - -60 Commands with a presentation silver inventory valued at or above which amount should carefully evaluate their security procedures and consider integrating presentation silver security procedures into the ship's Ship's Organization and Regulations Manual (SORM)? - -$90,000 What is the recommended humidity for storing silver? - -35% How often must each command having custody of presentation silver appraised at $90,000 or more submit an itemized inventory report to Commander, Naval Supply Systems Command? - -Annually Within how many hours after discovery must missing or destroyed silver be reported to NAVSUP N3/4? - -48