NPMA CPPS Practice Exam With
Comprehensive Questions and Well
Elaborated Correct Answers GRADED
A+
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Discussion Posts and Replies
What is the document most organizations use that describes and conveys the process steps taken to
produce a desired result? - correct ans:Procedure
, Which of the following terms means "to possess and have use of property of another with delegated
responsibilities"? - correct ans:Accountability
What element is crucial to the entire process of the property control system? - correct ans:Records
When does the Acquisition begin? - correct ans:Needs have been defined
What is the first step of the approval process when making a purchase? - correct ans:Obtaining approval
to spend budgeted organizational funds
3. When a decision has been made to buy new equipment, considerations should be decided, such as:
immediate availability, extended service warranties, and _________. - correct ans:Advanced technology
When a Purchase Order has been completed, Purchasing should provide a copy of the Purchase Order to
property management, the originator, accounts payable, and what other department? - correct
ans:Receiving
What establishes delegation of authority for signature approval thresholds and types of property for
those signature levels? - correct ans:Organization procedure
In organizations having online financial systems, documentation is created electronically and is retained
in the system's transaction history. It is often used as part of a three-way match of transactions prior to
payment: the PO, the receiving documentation, and the ___________. - correct ans:Invoice
A ________________________ provides receiving activity information as well as a way to trace items
that are lost or misappropriated during the receiving process or during delivery from the receiving area.
- correct ans:Receiving voucher log
What is a disadvantage of centralized receiving? - correct ans:Slower turn-around time for deliveries
What information is NOT typically recorded in a receiving voucher log? - correct ans:Purchasing
department order date and cost
Comprehensive Questions and Well
Elaborated Correct Answers GRADED
A+
Professional Academic Assistance Services
Services Offered
Proctored Exam Assistance
Online Class Management (Full Course Support)
Exam Preparation & Study Materials
Assignments and Coursework Support
Essays and Research Papers
Discussion Posts and Replies
What is the document most organizations use that describes and conveys the process steps taken to
produce a desired result? - correct ans:Procedure
, Which of the following terms means "to possess and have use of property of another with delegated
responsibilities"? - correct ans:Accountability
What element is crucial to the entire process of the property control system? - correct ans:Records
When does the Acquisition begin? - correct ans:Needs have been defined
What is the first step of the approval process when making a purchase? - correct ans:Obtaining approval
to spend budgeted organizational funds
3. When a decision has been made to buy new equipment, considerations should be decided, such as:
immediate availability, extended service warranties, and _________. - correct ans:Advanced technology
When a Purchase Order has been completed, Purchasing should provide a copy of the Purchase Order to
property management, the originator, accounts payable, and what other department? - correct
ans:Receiving
What establishes delegation of authority for signature approval thresholds and types of property for
those signature levels? - correct ans:Organization procedure
In organizations having online financial systems, documentation is created electronically and is retained
in the system's transaction history. It is often used as part of a three-way match of transactions prior to
payment: the PO, the receiving documentation, and the ___________. - correct ans:Invoice
A ________________________ provides receiving activity information as well as a way to trace items
that are lost or misappropriated during the receiving process or during delivery from the receiving area.
- correct ans:Receiving voucher log
What is a disadvantage of centralized receiving? - correct ans:Slower turn-around time for deliveries
What information is NOT typically recorded in a receiving voucher log? - correct ans:Purchasing
department order date and cost
