NPMA CPPS PRACTICE TEST EXAM
QUESTIONS AND ANSWERS 100%
VERIFIED.
What is the document most organizations use that describes
and conveys the process steps taken to produce a desired
result? - correct answer
Procedure
Which of the following terms means "to possess and have use
of property of another with delegated responsibilities"? -
correct answer
Accountability
What element is crucial to the entire process of the property
control system? - correct answer
Records
When does the Acquisition begin? - correct answer
Needs have been defined
What is the first step of the approval process when making a
purchase? - correct answer
Obtaining approval to spend budgeted organizational funds
3. When a decision has been made to buy new equipment,
considerations should be decided, such as: immediate
, availability, extended service warranties, and _________. -
correct answer
Advanced technology
When a Purchase Order has been completed, Purchasing
should provide a copy of the Purchase Order to property
management, the originator, accounts payable, and what other
department? - correct answer
Receiving
What establishes delegation of authority for signature approval
thresholds and types of property for those signature levels? -
correct answer
Organization procedure
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 ___________. - correct
answer
Invoice
A ________________________ provides receiving activity
information as well as a way to trace items that are lost or
misappropriated during the receiving process or during delivery
from the receiving area. - correct answer
Receiving voucher log
QUESTIONS AND ANSWERS 100%
VERIFIED.
What is the document most organizations use that describes
and conveys the process steps taken to produce a desired
result? - correct answer
Procedure
Which of the following terms means "to possess and have use
of property of another with delegated responsibilities"? -
correct answer
Accountability
What element is crucial to the entire process of the property
control system? - correct answer
Records
When does the Acquisition begin? - correct answer
Needs have been defined
What is the first step of the approval process when making a
purchase? - correct answer
Obtaining approval to spend budgeted organizational funds
3. When a decision has been made to buy new equipment,
considerations should be decided, such as: immediate
, availability, extended service warranties, and _________. -
correct answer
Advanced technology
When a Purchase Order has been completed, Purchasing
should provide a copy of the Purchase Order to property
management, the originator, accounts payable, and what other
department? - correct answer
Receiving
What establishes delegation of authority for signature approval
thresholds and types of property for those signature levels? -
correct answer
Organization procedure
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 ___________. - correct
answer
Invoice
A ________________________ provides receiving activity
information as well as a way to trace items that are lost or
misappropriated during the receiving process or during delivery
from the receiving area. - correct answer
Receiving voucher log
