UPDATED ACTUAL Exam Questions and
CORECT Answers
Property Management - CORRECT ANSWER -The exercise of a restraining or governing
influence over the acquisition , use , and disposition of personal property
Property control function names - CORRECT ANSWER -Property control, Asset
Management, fixed-asset accounting, inventory control, material
PMO - CORRECT ANSWER -Property Management Office
PMO responsibilities - CORRECT 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 - CORRECT ANSWER -The establishment and maintenance of a
property control system
Property Control System - CORRECT ANSWER -comprised of
Primary difference between accountability and responsibility - CORRECT ANSWER -A
Who is accountable for the property - CORRECT ANSWER -To whom are you
accountable for the property
Transfer of Accountability - CORRECT ANSWER -