NPMA Property Management CPPS
Exam Questions with Correct Answers
Property Management - Answer-The exercise of a restraining or governing influence
over the acquisition , use , and disposition of personal property
Property control function names - Answer-Property control, Asset Management, fixed-
asset accounting, inventory control, material
PMO - Answer-Property Management Office
PMO responsibilities - Answer-establishing, guiding, managing, and maintaining an
efficient property system, communicating effectively with other departments and
functions, and developing and presenting training in subjects relating to property.
PMO responsibilities - Answer-The establishment and maintenance of a property control
system
Property Control System - Answer-comprised of
Primary difference between accountability and responsibility - Answer-A
Who is accountable for the property - Answer-To whom are you accountable for the
property
Transfer of Accountability - Answer-
Transfers - Answer-not always physical, require approval, approval record is part of
historical file and audit trail
Transfer between contracts - Answer-both releasing and gaining agency verify accuracy
Responsibility - Answer-Means to be answerable for a trust or obligation
-If you have a car, loaned it to someone, they dont own, but are answerable to you.
(Gas, accident, etc). So it is a trust, and they are answerable.
It is possible to be responsible for the property
What does responsibility mean - Answer-to be answerable for a trust or obligation.
Effective Property Control System - Answer-Provides a mechansim through whic an org
can define and plan for its property needs and be able to acquire, manage, and dispose
of property to meet them in a cost effective and efficient manner
Exam Questions with Correct Answers
Property Management - Answer-The exercise of a restraining or governing influence
over the acquisition , use , and disposition of personal property
Property control function names - Answer-Property control, Asset Management, fixed-
asset accounting, inventory control, material
PMO - Answer-Property Management Office
PMO responsibilities - Answer-establishing, guiding, managing, and maintaining an
efficient property system, communicating effectively with other departments and
functions, and developing and presenting training in subjects relating to property.
PMO responsibilities - Answer-The establishment and maintenance of a property control
system
Property Control System - Answer-comprised of
Primary difference between accountability and responsibility - Answer-A
Who is accountable for the property - Answer-To whom are you accountable for the
property
Transfer of Accountability - Answer-
Transfers - Answer-not always physical, require approval, approval record is part of
historical file and audit trail
Transfer between contracts - Answer-both releasing and gaining agency verify accuracy
Responsibility - Answer-Means to be answerable for a trust or obligation
-If you have a car, loaned it to someone, they dont own, but are answerable to you.
(Gas, accident, etc). So it is a trust, and they are answerable.
It is possible to be responsible for the property
What does responsibility mean - Answer-to be answerable for a trust or obligation.
Effective Property Control System - Answer-Provides a mechansim through whic an org
can define and plan for its property needs and be able to acquire, manage, and dispose
of property to meet them in a cost effective and efficient manner
