NPMA CPPA Practice Exam QUESTIONS
AND ANSWERS 100% RATED CORRECT
WITH 100% SURE PASS|GRADED A+
Which of the following is the most important factor in maintaining accountability for government
property? - CORRECT ANSWERS Implementing an effective record-keeping system
What is the primary responsibility of a property administrator in a government contract? - CORRECT
ANSWERS To monitor compliance with property clauses and regulations
Under the Federal Acquisition Regulation (FAR), who is primarily responsible for ensuring proper
stewardship of government property? - CORRECT ANSWERS The contractor assigned to the
property
Which document must a contractor maintain to track government property in their possession? -
CORRECT ANSWERS A property control system record
What is the purpose of DFARS 252.245-7003 in relation to government property? - CORRECT ANSWERS
It sets requirements for contractor property management systems
Which of the following is an acceptable method for performing a physical inventory? - CORRECT
ANSWERS Immediately after the discrepancy is identified
Which disposal method is preferred for government property that still has residual value? - CORRECT
ANSWERS Property that exceeds the needs of an agency and has no foreseeable
requirement
Which of the following is NOT a core function of a property administrator? - CORRECT ANSWERS
Overseeing employee hiring processes
What is the first step in the approval process when making a purchase? - CORRECT ANSWERS
Obtaining approval to spend budgeted organizational funds
In organizations with online financial systems, which document is often used as part of a three-way
match of transactions prior to payment? - CORRECT ANSWERS Invoice
What is one accomplishment of tagging new, incoming property? - CORRECT ANSWERS
Readily establishes ownership
Which type of property generally requires serialized tags? - CORRECT ANSWERS Government
property sensitive property
When performing an ABC inventory analysis, Category 'C' accounts for approximately what percentage
of stock records? - CORRECT ANSWERS 75%
AND ANSWERS 100% RATED CORRECT
WITH 100% SURE PASS|GRADED A+
Which of the following is the most important factor in maintaining accountability for government
property? - CORRECT ANSWERS Implementing an effective record-keeping system
What is the primary responsibility of a property administrator in a government contract? - CORRECT
ANSWERS To monitor compliance with property clauses and regulations
Under the Federal Acquisition Regulation (FAR), who is primarily responsible for ensuring proper
stewardship of government property? - CORRECT ANSWERS The contractor assigned to the
property
Which document must a contractor maintain to track government property in their possession? -
CORRECT ANSWERS A property control system record
What is the purpose of DFARS 252.245-7003 in relation to government property? - CORRECT ANSWERS
It sets requirements for contractor property management systems
Which of the following is an acceptable method for performing a physical inventory? - CORRECT
ANSWERS Immediately after the discrepancy is identified
Which disposal method is preferred for government property that still has residual value? - CORRECT
ANSWERS Property that exceeds the needs of an agency and has no foreseeable
requirement
Which of the following is NOT a core function of a property administrator? - CORRECT ANSWERS
Overseeing employee hiring processes
What is the first step in the approval process when making a purchase? - CORRECT ANSWERS
Obtaining approval to spend budgeted organizational funds
In organizations with online financial systems, which document is often used as part of a three-way
match of transactions prior to payment? - CORRECT ANSWERS Invoice
What is one accomplishment of tagging new, incoming property? - CORRECT ANSWERS
Readily establishes ownership
Which type of property generally requires serialized tags? - CORRECT ANSWERS Government
property sensitive property
When performing an ABC inventory analysis, Category 'C' accounts for approximately what percentage
of stock records? - CORRECT ANSWERS 75%
