NPMA CPPS CERTIFICATION
VERIFIED QUESTIONS & CORRECT
ANSWERS | LATEST A+ GRADE
2025/2026
Property Management - AnswerThe exercise of a retaining or governing influence over the
acquisition, use, and disposition of personal property
Property Control Variety of Names - AnswerProperty Accounting, Fixed Asset Accounting,
Inventory Control, Material, Property Control, Asset Management.
Property Management Office PMO - AnswerDepartment within an org that is responsible for
controlling or managing property
Property Manager - AnswerPMO is headed by
Property Manager is responsible for: - Answerestablishing, 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 - AnswerProperty 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 - Answerhave a working
relationship with all sponsor reps
, Ownership - AnswerHaving 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). - AnswerProperty is either owned by or provided.
Ownership of property allows the owner to - Answermake any and all decisions regarding
the property
It is the property professional job to support the property owner in - Answermaking and
implementing effective decisions regarding the property
Duties, responsibilities, and potential penalties should be - Answerdocumented in a formal
agreement between the provider and the recipient (contract, grant)
Accountability - Answermeans to posses and have use of the property of another with
delegated duties and responsibilities, subject to penalty in case of default.
Those accountable - Answerdo not have legal or rightful title to the property
Key elements of property accountability - Answerprovider, recipient, specific duties and
responsibilities, and penalties in case of default
Who is accountable to who for property? - AnswerContractor is accountable to government.
If gov. provides funding to acquire the property, NASA is accountable to government.
Transfer of accountability - AnswerWhen 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 - Answerboth must have appropriate levels of mgmt
authority approval, and both contracting officers need to approve
VERIFIED QUESTIONS & CORRECT
ANSWERS | LATEST A+ GRADE
2025/2026
Property Management - AnswerThe exercise of a retaining or governing influence over the
acquisition, use, and disposition of personal property
Property Control Variety of Names - AnswerProperty Accounting, Fixed Asset Accounting,
Inventory Control, Material, Property Control, Asset Management.
Property Management Office PMO - AnswerDepartment within an org that is responsible for
controlling or managing property
Property Manager - AnswerPMO is headed by
Property Manager is responsible for: - Answerestablishing, 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 - AnswerProperty 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 - Answerhave a working
relationship with all sponsor reps
, Ownership - AnswerHaving 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). - AnswerProperty is either owned by or provided.
Ownership of property allows the owner to - Answermake any and all decisions regarding
the property
It is the property professional job to support the property owner in - Answermaking and
implementing effective decisions regarding the property
Duties, responsibilities, and potential penalties should be - Answerdocumented in a formal
agreement between the provider and the recipient (contract, grant)
Accountability - Answermeans to posses and have use of the property of another with
delegated duties and responsibilities, subject to penalty in case of default.
Those accountable - Answerdo not have legal or rightful title to the property
Key elements of property accountability - Answerprovider, recipient, specific duties and
responsibilities, and penalties in case of default
Who is accountable to who for property? - AnswerContractor is accountable to government.
If gov. provides funding to acquire the property, NASA is accountable to government.
Transfer of accountability - AnswerWhen 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 - Answerboth must have appropriate levels of mgmt
authority approval, and both contracting officers need to approve
