DAU: CLM 037 Physical Inventories
From the following choices, select the one that most accurately describes how often
classified equipment must be inventoried: - Correct Answer-At least annually
Select the characteristics of a physical inventory. Select all that apply. - Correct Answer-
A physical inventory uses an orderly, logical method and process / physical inventory
requires physically locating the property and verifying the count
The policy that requires physical inventories to be completed is DoD instruction
_________. - Correct Answer-5000.64
A successful physical inventory plan should have which of the following: - Correct
Answer-All of these
What are the three phases in the inventory process? - Correct Answer-Preparation,
physical count, and reconciliation
Which type of inventory would be conducted on a group of items within a specified
period of time, according to an established plan? - Correct Answer-Wall-To-Wall
Select items that are not included in the seven key factors completed during the
Preparation phase of a physical inventory - Correct Answer-***
It is not necessary for the person in charge of the property records to be independent. -
Correct Answer-False
From the following choices, select the one that most accurately identifies the DoDI
5000.64 minimum inventory accuracy standard. - Correct Answer-98%
From the following choices, select the one that is most correct. Taking an inventory
consists of a physical examination of the property and a review of custodial areas to
make sure all items are properly and accurately recorded. The following steps should be
taken, as appropriate. - Correct Answer-***
Performing blind counts and executing physical counts are two of the 12 key factors
completed during the physical count phase of the physical inventory. - Correct Answer-
True
From the following choices, select the one that identifies what the reconciliation may
include: - Correct Answer-Researching files for copies of transfer, loan, excess, or other
documentation to close the records.
From the following choices, select the one that most accurately describes how often
classified equipment must be inventoried: - Correct Answer-At least annually
Select the characteristics of a physical inventory. Select all that apply. - Correct Answer-
A physical inventory uses an orderly, logical method and process / physical inventory
requires physically locating the property and verifying the count
The policy that requires physical inventories to be completed is DoD instruction
_________. - Correct Answer-5000.64
A successful physical inventory plan should have which of the following: - Correct
Answer-All of these
What are the three phases in the inventory process? - Correct Answer-Preparation,
physical count, and reconciliation
Which type of inventory would be conducted on a group of items within a specified
period of time, according to an established plan? - Correct Answer-Wall-To-Wall
Select items that are not included in the seven key factors completed during the
Preparation phase of a physical inventory - Correct Answer-***
It is not necessary for the person in charge of the property records to be independent. -
Correct Answer-False
From the following choices, select the one that most accurately identifies the DoDI
5000.64 minimum inventory accuracy standard. - Correct Answer-98%
From the following choices, select the one that is most correct. Taking an inventory
consists of a physical examination of the property and a review of custodial areas to
make sure all items are properly and accurately recorded. The following steps should be
taken, as appropriate. - Correct Answer-***
Performing blind counts and executing physical counts are two of the 12 key factors
completed during the physical count phase of the physical inventory. - Correct Answer-
True
From the following choices, select the one that identifies what the reconciliation may
include: - Correct Answer-Researching files for copies of transfer, loan, excess, or other
documentation to close the records.
