CPPS - Module 1 New 2023-2024 /Questions And
Answers
Quiz :Accountability - Answer :To possess and have use of the property of
another with delegated duties and responsibilities, subject to penalty in case of
default. Note those "accountable do not have legal or rightful title to the
property.
Quiz :Ownership - Answer :Having legal or rightful title to property.
Quiz :Responsibility - Answer :To be answerable for a trust or obligation.
Quiz :Two key decisions when defining the "control" population of property
within an organization. - Answer :1. What will be controlled 2. To what level of
detail will it be controlled.
Quiz :Cornerstone of property control - Answer :Communication and training
Quiz :Property Management - Answer :The exercise of a restraining or
governing influence over the acquisition, use, and disposition of personal
property.
Quiz :Property Management Office (PMO) - Answer :The department within
an organization that is responsible for controlling or managing property.
Ensures assets are controlled, preserved, protected, and maintained.
Quiz :Records - Answer :Generally established during the receiving process
and modified throughout the property life cycle. Includes asset identification,
description, manufacturer, model number, serial number, date of receipt,
location, financial codes, acquisition code, assignment of responsibility, and
acquisition method.
Quiz :Acquisition - Answer :The act of acquiring; the acquiring of property or
services by contract with appropriated funds through purchase or leas,
whether the property or services are already in existence or must be created,
developed, demonstrated or evaluated.
Quiz :Significant function of a property management system -
Answer :Ensuring proper authority to acquire property is obtained.
Answers
Quiz :Accountability - Answer :To possess and have use of the property of
another with delegated duties and responsibilities, subject to penalty in case of
default. Note those "accountable do not have legal or rightful title to the
property.
Quiz :Ownership - Answer :Having legal or rightful title to property.
Quiz :Responsibility - Answer :To be answerable for a trust or obligation.
Quiz :Two key decisions when defining the "control" population of property
within an organization. - Answer :1. What will be controlled 2. To what level of
detail will it be controlled.
Quiz :Cornerstone of property control - Answer :Communication and training
Quiz :Property Management - Answer :The exercise of a restraining or
governing influence over the acquisition, use, and disposition of personal
property.
Quiz :Property Management Office (PMO) - Answer :The department within
an organization that is responsible for controlling or managing property.
Ensures assets are controlled, preserved, protected, and maintained.
Quiz :Records - Answer :Generally established during the receiving process
and modified throughout the property life cycle. Includes asset identification,
description, manufacturer, model number, serial number, date of receipt,
location, financial codes, acquisition code, assignment of responsibility, and
acquisition method.
Quiz :Acquisition - Answer :The act of acquiring; the acquiring of property or
services by contract with appropriated funds through purchase or leas,
whether the property or services are already in existence or must be created,
developed, demonstrated or evaluated.
Quiz :Significant function of a property management system -
Answer :Ensuring proper authority to acquire property is obtained.
