NPMA CPPS Certification UPDATED
ACTUAL Exam Questions and CORECT
Answers
Property Management - CORRECT ANSWER -The exercise of a retaining or governing
influence over the acquisition, use, and disposition of personal property
Property Control Variety of Names - CORRECT ANSWER -Property Accounting, Fixed
Asset Accounting, Inventory Control, Material, Property Control, Asset Management.
Property Management Office PMO - CORRECT ANSWER -Department within an org
that is responsible for controlling or managing property
Property Manager - CORRECT ANSWER -PMO is headed by
Property Manager is responsible for: - CORRECT ANSWER -establishing, guiding,
managing, and maintaining an efficient property system, communicating effectively with other
departments and functions, and developing and presenting training in property related subjects
Property Control System is comprised of - CORRECT ANSWER -Property Management
Personnel, processes, and mgmt info. systems (MIS). (Written policies, procedures, operational
guidelines, and related records, and MIS that facilitates these functions).
If org contracts with the government, property manager must - CORRECT ANSWER -
have a working relationship with all sponsor reps
Ownership - CORRECT ANSWER -Having legal or rightful title to property
either owned by the org or is provided by a sponsor under some kind of agreement (sponsor has
ownership). - CORRECT ANSWER -Property is either owned by or provided.
, Ownership of property allows the owner to - CORRECT ANSWER -make any and all
decisions regarding the property
It is the property professional job to support the property owner in - CORRECT
ANSWER -making and implementing effective decisions regarding the property
Duties, responsibilities, and potential penalties should be - CORRECT ANSWER -
documented in a formal agreement between the provider and the recipient (contract, grant)
Accountability - CORRECT ANSWER -means to posses and have use of the property of
another with delegated duties and responsibilities, subject to penalty in case of default.
Those accountable - CORRECT ANSWER -do not have legal or rightful title to the
property
Key elements of property accountability - CORRECT ANSWER -provider, recipient,
specific duties and responsibilities, and penalties in case of default
Who is accountable to who for property? - CORRECT ANSWER -Contractor is
accountable to government. If gov. provides funding to acquire the property, NASA is
accountable to government.
Transfer of accountability - CORRECT ANSWER -When accountability shifts from one
entity to another.... may or may not include physical relocation of assets, but will always include
a change in accountability for the property
Approvals for giving and accepting orgs - CORRECT ANSWER -both must have
appropriate levels of mgmt authority approval, and both contracting officers need to approve
ACTUAL Exam Questions and CORECT
Answers
Property Management - CORRECT ANSWER -The exercise of a retaining or governing
influence over the acquisition, use, and disposition of personal property
Property Control Variety of Names - CORRECT ANSWER -Property Accounting, Fixed
Asset Accounting, Inventory Control, Material, Property Control, Asset Management.
Property Management Office PMO - CORRECT ANSWER -Department within an org
that is responsible for controlling or managing property
Property Manager - CORRECT ANSWER -PMO is headed by
Property Manager is responsible for: - CORRECT ANSWER -establishing, guiding,
managing, and maintaining an efficient property system, communicating effectively with other
departments and functions, and developing and presenting training in property related subjects
Property Control System is comprised of - CORRECT ANSWER -Property Management
Personnel, processes, and mgmt info. systems (MIS). (Written policies, procedures, operational
guidelines, and related records, and MIS that facilitates these functions).
If org contracts with the government, property manager must - CORRECT ANSWER -
have a working relationship with all sponsor reps
Ownership - CORRECT ANSWER -Having legal or rightful title to property
either owned by the org or is provided by a sponsor under some kind of agreement (sponsor has
ownership). - CORRECT ANSWER -Property is either owned by or provided.
, Ownership of property allows the owner to - CORRECT ANSWER -make any and all
decisions regarding the property
It is the property professional job to support the property owner in - CORRECT
ANSWER -making and implementing effective decisions regarding the property
Duties, responsibilities, and potential penalties should be - CORRECT ANSWER -
documented in a formal agreement between the provider and the recipient (contract, grant)
Accountability - CORRECT ANSWER -means to posses and have use of the property of
another with delegated duties and responsibilities, subject to penalty in case of default.
Those accountable - CORRECT ANSWER -do not have legal or rightful title to the
property
Key elements of property accountability - CORRECT ANSWER -provider, recipient,
specific duties and responsibilities, and penalties in case of default
Who is accountable to who for property? - CORRECT ANSWER -Contractor is
accountable to government. If gov. provides funding to acquire the property, NASA is
accountable to government.
Transfer of accountability - CORRECT ANSWER -When accountability shifts from one
entity to another.... may or may not include physical relocation of assets, but will always include
a change in accountability for the property
Approvals for giving and accepting orgs - CORRECT ANSWER -both must have
appropriate levels of mgmt authority approval, and both contracting officers need to approve
