Npma Cpps Practice Test; Cpps Practice Exam With Correct Answers

NPMA CPPS PRACTICE TEST; CPPS PRACTICE EXAM WITH
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CORRECT ANSWERS h h




What is the document most organizations use that describes and conveys the
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process steps taken to produce a desired result? ...ANSWER... Procedure
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Which of the following terms means "to possess and have use of property of
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another with delegated responsibilities"? ...ANSWER... Accountability
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What element is crucial to the entire process of the property control system?
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...ANSWER... Records
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When does the Acquisition begin? ...ANSWER... Needs have been defined
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What is the first step of the approval process when making a purchase?
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...ANSWER... Obtaining approval to spend budgeted organizational funds
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3. When a decision has been made to buy new equipment, considerations
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should be decided, such as: immediate availability, extended service
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warranties, and _________. ...ANSWER... Advanced technology
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When a Purchase Order has been completed, Purchasing should provide a copy
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of the Purchase Order to property management, the originator, accounts
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payable, and what other department? ...ANSWER... Receiving
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What establishes delegation of authority for signature approval thresholds and
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types of property for those signature levels? ...ANSWER... Organization
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procedure
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,In organizations having online financial systems, documentation is created
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electronically and is retained in the system's transaction history. It is often used
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as part of a three-way match of transactions prior to payment: the PO, the
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receiving documentation, and the ___________. ...ANSWER... Invoice
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A ________________________ provides receiving activity information as
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well as a way to trace items that are lost or misappropriated during the
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receiving process or during delivery from the receiving area. ...ANSWER...
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Receiving voucher log
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What is a disadvantage of centralized receiving? ...ANSWER... Slower turn-
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What information is NOT typically recorded in a receiving voucher log?
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...ANSWER... Purchasing department order date and cost
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Why is it important that the Receiving department inspect for damage?
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...ANSWER... Provide information for a potential return of the item to the
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vendor
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What is one accomplishment by tagging of new, incoming property?
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...ANSWER... Establishes the official record for that item
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Types of property that generally require serialized tags are: ...ANSWER...
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Government property sensitive property
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Reasons accountable property is tagged because of its sensitivity, requirement
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for control and what? ...ANSWER... Dollar value
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, What does the accuracy of bar-code technology depend on? ...ANSWER...
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The accuracy of the data capturing process
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Assets acquired by the subcontractor must be tagged in accordance with the
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_____________ policies and procedures unless otherwise specified in the
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subcontract award document. ...ANSWER... Prime contractor's
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What is the method of inventory and distribution that moves the oldest items in
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storage to the location where they will be used first (i.e. there is concern that the
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items may have a limited shelf-life)? ...ANSWER... FIFO
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Warehouse operations include several integrated functions, including:
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...ANSWER... Space allocation
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What does using proper temperature and humidity controls in a warehouse
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environment help ensure? ...ANSWER... Does not deteriorate when being
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stored
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Just-in-time (JIT) delivery has both advantages and disadvantages. What is one
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DISADVANTAGE? ...ANSWER... Increases the costs of purchased goods
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Which of these is NOT a factor that should be considered when deciding on the
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appropriate layout of a warehouse? ...ANSWER... Acquisition method
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h of items
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When should property that has been taken offsite for approved use be returned?
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...ANSWER... During the physical inventory
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