NPMA Property Management CPPS Exam questions with complete solutions

Property Management correct answers The exercise of a restraining or governing influence over the acquisition , use , and disposition of personal property Property control function names correct answers Property control, Asset Management, fixed-asset accounting, inventory control, material PMO correct answers Property Management Office PMO responsibilities correct answers establishing, guiding, managing, and maintaining an efficient property system, communicating effectively with other departments and functions, and developing and presenting training in subjects relating to property. PMO responsibilities correct answers The establishment and maintenance of a property control system Property Control System correct answers comprised of Primary difference between accountability and responsibility correct answers A Who is accountable for the property correct answers To whom are you accountable for the property Transfer of Accountability correct answers Transfers correct answers not always physical, require approval, approval record is part of historical file and audit trail Transfer between contracts correct ans