NPMA CPPS CERTIFICATION EXAM QUESTIONS
1. For future use, items recovered from repair work, rework, testing, or
cannibalization are:
(pg. 10-2)(Chapter 10) - CORRECT ANSWER - a. Return to stores
1. In organizations having online financial systems, documentation is
created electronically
and is retained in the system's transaction history. It is often used as part
of a three-way
match of transactions prior to payment: the PO, the receiving
documentation, and the
___________. (pg. 3-2)(Chapter 3) - CORRECT ANSWER - a. Invoice
1. The Property Manager must establish support and maintain the
utilization program by
actively participating in the management processes that establish and
adjust
requirements on which the business is based. Some of these processes
are: (pg. 9-3)(Chapter 9) - CORRECT ANSWER - c. Managing current
leases and proposing new leases
, 1. What is one accomplishment by tagging of new, incoming property?
(pg. 4-1)(Chapter 4) - CORRECT ANSWER - b. Establishes the official
record for that item
1. What is the document most organizations use that describes and
conveys the process steps taken to produce a desired result? (pg. 1-2)
(Chapter 1) - CORRECT ANSWER - a. Procedure
1. What is the method of inventory and distribution that moves the
oldest items in storage
to the location where they will be used first (i.e. there is concern that the
items may have
a limited shelf-life)? (pg. 5-7)(Chapter 5) - CORRECT ANSWER - a. FIFO
1. What is the role of the physical inventory? (pg. 8-1)(Chapter 8) -
CORRECT ANSWER - b. To ensure assets recorded in the property
system physically exist
1. When does the Acquisition begin? (pg. 2-2)(Chapter 2) - CORRECT
ANSWER - a. Needs have been defined
1. When property is damaged or is no longer usable it may still have
material value. What
is one way to disposition an item with material value only to receive
revenues and avoid
1. For future use, items recovered from repair work, rework, testing, or
cannibalization are:
(pg. 10-2)(Chapter 10) - CORRECT ANSWER - a. Return to stores
1. In organizations having online financial systems, documentation is
created electronically
and is retained in the system's transaction history. It is often used as part
of a three-way
match of transactions prior to payment: the PO, the receiving
documentation, and the
___________. (pg. 3-2)(Chapter 3) - CORRECT ANSWER - a. Invoice
1. The Property Manager must establish support and maintain the
utilization program by
actively participating in the management processes that establish and
adjust
requirements on which the business is based. Some of these processes
are: (pg. 9-3)(Chapter 9) - CORRECT ANSWER - c. Managing current
leases and proposing new leases
, 1. What is one accomplishment by tagging of new, incoming property?
(pg. 4-1)(Chapter 4) - CORRECT ANSWER - b. Establishes the official
record for that item
1. What is the document most organizations use that describes and
conveys the process steps taken to produce a desired result? (pg. 1-2)
(Chapter 1) - CORRECT ANSWER - a. Procedure
1. What is the method of inventory and distribution that moves the
oldest items in storage
to the location where they will be used first (i.e. there is concern that the
items may have
a limited shelf-life)? (pg. 5-7)(Chapter 5) - CORRECT ANSWER - a. FIFO
1. What is the role of the physical inventory? (pg. 8-1)(Chapter 8) -
CORRECT ANSWER - b. To ensure assets recorded in the property
system physically exist
1. When does the Acquisition begin? (pg. 2-2)(Chapter 2) - CORRECT
ANSWER - a. Needs have been defined
1. When property is damaged or is no longer usable it may still have
material value. What
is one way to disposition an item with material value only to receive
revenues and avoid
