NPMA Property Management CPPS Exam with Verified
Answers| 100% Correct| Grade A+
What does responsibility mean - ✔✔to be answerable for a trust or obligation.
Effective Property Control System - ✔✔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
PMO primary responsibilities - ✔✔ensures assets are controlled, maintained, protected, preserved
The control is subdivided into 15 areas of property management for all property - ✔✔
Physical Inventory - ✔✔The determination of inventory quantity by actual count. Can be taken on
continuous, periodic, or annual basis.
Frequency of Inventory - ✔✔Periodic, Continuous, based on type of equipment,
Utilization - ✔✔The making use of, the documented use of an asset in the business process, the act or
Primary objective of an effective utilization management program - ✔✔1) maximize the use of an
asset throughout its useful life and 2) to make it available for reutilization in a timely manner
Property Management - ✔✔The exercise of a restraining or governing influence over the acquisition
, use , and disposition of personal property
Property control function names - ✔✔Property control, Asset Management, fixed-asset
accounting, inventory control, material
Answers| 100% Correct| Grade A+
What does responsibility mean - ✔✔to be answerable for a trust or obligation.
Effective Property Control System - ✔✔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
PMO primary responsibilities - ✔✔ensures assets are controlled, maintained, protected, preserved
The control is subdivided into 15 areas of property management for all property - ✔✔
Physical Inventory - ✔✔The determination of inventory quantity by actual count. Can be taken on
continuous, periodic, or annual basis.
Frequency of Inventory - ✔✔Periodic, Continuous, based on type of equipment,
Utilization - ✔✔The making use of, the documented use of an asset in the business process, the act or
Primary objective of an effective utilization management program - ✔✔1) maximize the use of an
asset throughout its useful life and 2) to make it available for reutilization in a timely manner
Property Management - ✔✔The exercise of a restraining or governing influence over the acquisition
, use , and disposition of personal property
Property control function names - ✔✔Property control, Asset Management, fixed-asset
accounting, inventory control, material
