Questions with All Correct
Answers
1. What is one accomplishment by tagging of new, incoming property? (pg. 4-
1)(Chapter 4) - Answer-b. Establishes the official record for that item
2. Types of property that generally require serialized tags are : (pg. 5-2)(Chapter 4) -
Answer-c. Government property sensitive property
3. Reasons accountable property is tagged because of its sensitivity, requirement for
control and what? (pg. 4-2)(Chapter 4) - Answer-c. Dollar value
4. What does the accuracy of bar-code technology depend on? (pg. 4-3)(Chapter 4) -
Answer-a. The accuracy of the data capturing process
5. Assets acquired by the subcontractor must be tagged in accordance with the
_____________ policies and procedures unless otherwise specified in the subcontract
award document. (pg. 4-5)(Chapter 4) - Answer-a. Prime contractor's
1. What is the method of inventory and distribution that moves the oldest items in
storage
to the location where they will be used first (i.e. there is concern that the items may
have
a limited shelf-life)? (pg. 5-7)(Chapter 5) - Answer-a. FIFO
2. Warehouse operations include several integrated functions including: (pg. 5-
2)(Chapter 5) - Answer-a. Space allocation
3. What does using proper temperature and humidity controls in a warehouse
environment
help ensure? (pg. 4-3)(Chapter 5) - Answer-d. Does not deteriorate when being stored
4. Which of these is NOT a factor that should be considered when deciding on the
appropriate layout of a warehouse? (pg. 5-4)v - Answer-a. Acquisition method of items
5. Just-in-time (JIT) delivery has both advantages and disadvantages. What is one
, DISADVANTAGE? (page 5-10)(Chapter 5) - Answer-a. Increases the costs of
purchased goods
1. When should property that has been taken offsite for approved use be returned?
(page
6-2)(Chapter 6) - Answer-a. During the physical inventory
2. What is the name of the movement document used to track the short-term movement
of
equipment that may be used by multiple users? (page 6-3)(Chapter 6) - Answer-a.
Equipment log-out form
3. The following characteristics are a factor when selecting a shipping container: Size
and
weight of item, mode of transportation, manufacturer specifications, and ____________.
(page 6-5)(Chapter 6) - Answer-a. Physical characteristics
4. What are the two most important things that must be considered when assets are
moved
from point to point? (pg. 6-3)(Chapter 6) - Answer-b. Physical protection and location
changes in the records
5. When should the movement of an item be recorded in the property records? (pg. 6-
5)(Chapter 6) - Answer-a. Following the movement of the item
1. Who is responsible for maintenance and calibration? (pg. 7-6)(Chapter 7) - Answer-c.
Anyone who observes, uses, or services an item
2. What types of maintenance should be covered in a Maintenance Plan? (pg. 7-1 7-
2)(Chapter 7) - Answer-a. Repair, unscheduled, preventive maintenance, calibration
3. When selecting maintenance software, you should allow for what type of records?
(pg.
7-2)(Chapter 7) - Answer-d. Multiple Service Requirements
4. What results in cost savings, preventing downtime and reduced production? (pg. 7-
2)(Chapter 7) - Answer-c. Maintenance plan
5. What best describes a Maintenance Plan? (pg. 7-2)(Chapter 7) - Answer-a. Items
requiring regularly-scheduled inspection and service should be scheduled
for recall via a systematic process
1. What is the role of the physical inventory? (pg. 8-1)(Chapter 8) - Answer-b. To ensure
assets recorded in the property system physically exist