NPMA CPPS CERTIFICATION TEST QUESTIONS AND
ANSWERS A+ GRADED. Buy Quality Materials!
2. Which two questions are most important to assist in determining the level of
management or tracking required for property within an organization? (Page 14)
To what level of detail will it be managed? What will be tracked?
The overall Property Management System is comprised of
b. Written policies, procedures, operational guidelines, related records, personnel
responsible for defined activities.
. The Property Management Office (PMO) must: (Page 9) (Choose the answer that
is not correct)
a. Define, establish, and maintain effective and efficient processes, and internal
controls, to manage the assets.
b. Ensure assets owned by, or otherwise accountable to the organization are
adequately tracked, protected, preserved, and maintained.
c. Establish an infrastructure that will facilitate property management and enable
compliance through the entire life cycle of an asset.
d. Determine the proper asset care, maintenance, and depreciation schedule for all
accountable assets.******
1. Accountability does not establish legal or rightful title to property, but, at the
broadest level, accountability can prevent fraud, waste, and abuse.(Page 8)
a. True.
1. Key participants in the property processes include Asset Users, Internal Audit,
Physical Inventory Group, External Audit, and Property Custodians. (Page 11-12)
a. False. - External Audit Is Not a Key Participant
When does Acquisition begin?
a. The identification of a need for property
1. Acquisition refers to_______? (pg. 23)
a. The process that initiates the asset life cycle
1. Decisions to buy new property are usually based on factors such as: current
availability, extended service warranties, and _________. (pg. 25)
a. Advanced technology
1. Copies of the Purchase Order should be made available to the Requestor,
Receiving, Property Management and what other department? (pg. 28)
a. Accounts Payable
1. Acquisition Methods include Purchase, Fabricate, Lease, Loan, Reutilize and
____? (pg. 24)
a. Furnish
In organizations having online financial systems, documentation is created
electronically and is retained in the system's transaction history. It is often used
as part of a three-way match of transactions prior to payment: the PO, the
receiving documentation, and the ___________. (pg. 31)
Invoice
ANSWERS A+ GRADED. Buy Quality Materials!
2. Which two questions are most important to assist in determining the level of
management or tracking required for property within an organization? (Page 14)
To what level of detail will it be managed? What will be tracked?
The overall Property Management System is comprised of
b. Written policies, procedures, operational guidelines, related records, personnel
responsible for defined activities.
. The Property Management Office (PMO) must: (Page 9) (Choose the answer that
is not correct)
a. Define, establish, and maintain effective and efficient processes, and internal
controls, to manage the assets.
b. Ensure assets owned by, or otherwise accountable to the organization are
adequately tracked, protected, preserved, and maintained.
c. Establish an infrastructure that will facilitate property management and enable
compliance through the entire life cycle of an asset.
d. Determine the proper asset care, maintenance, and depreciation schedule for all
accountable assets.******
1. Accountability does not establish legal or rightful title to property, but, at the
broadest level, accountability can prevent fraud, waste, and abuse.(Page 8)
a. True.
1. Key participants in the property processes include Asset Users, Internal Audit,
Physical Inventory Group, External Audit, and Property Custodians. (Page 11-12)
a. False. - External Audit Is Not a Key Participant
When does Acquisition begin?
a. The identification of a need for property
1. Acquisition refers to_______? (pg. 23)
a. The process that initiates the asset life cycle
1. Decisions to buy new property are usually based on factors such as: current
availability, extended service warranties, and _________. (pg. 25)
a. Advanced technology
1. Copies of the Purchase Order should be made available to the Requestor,
Receiving, Property Management and what other department? (pg. 28)
a. Accounts Payable
1. Acquisition Methods include Purchase, Fabricate, Lease, Loan, Reutilize and
____? (pg. 24)
a. Furnish
In organizations having online financial systems, documentation is created
electronically and is retained in the system's transaction history. It is often used
as part of a three-way match of transactions prior to payment: the PO, the
receiving documentation, and the ___________. (pg. 31)
Invoice
