CPPS Exam Chapters 1-11 Questions with Complete Answers

__________ reduces the unnecessary replacement of items and facilitates long-term budgeting and replacement/upgrade planning. - Maximize Return on Investment 9) ___________ is a financial management term that establishes the dollar amount that organizations use when identifying durable, moveable property that is subject to depreciation on accounting and property records. (1-11) - Capitalization Threshold 9) For organizations that are able to decide upon the implementation of the organizational structure for their property function, which would be top considerations? (1-6) ______ Centralized vs. Decentralized ______ Single individual responsibility vs. a fully staffed Property division or department ______ Functional groupings within the department-by business process, support to business team, area for specialty, type of property, etc. ______ The level of ability for staff members to communicate with organizational bodies - -Centralized vs. Decentralized -Functional groupings within the department-by business process, support to business team, area for specialty, type of property, etc. 9) The term "compliance" is understood to mean: (1-11) ____ Ensuring that processes and procedures are written in accordance with the best practices ____ The process of satisfying the requirements defined by a sponsor agreement or by legislated regulations ____ Following the organization' policies and procedures - The process of satisfying the requirements defined by a sponsor agreement or by legislated regulations 9) Which two of the following key questions that must be asked when determining the "control" population of Property within an organization? (1-10) _____ Where it will be controlled? _____ What will be controlled? _____ How long it will be controlled? _____ To what level of detail will it be controlled? - -What will be controlled? -To what level of detail will it be controlled?