NPMA CPPS Practice Exam Questions with
100% Verified Correct Answers
What document is used by most organizations which contain the components of the
system by which major facets of the asset life cycle are managed; specifically:
acquisition, use, and disposition of property? (pg. 7)
a. Property Procedures
b. Business Plan
c. Property Plan
d. Compliance document
a. Property Procedures
Which of the following terms means "to possess and have use of property of another
with delegated responsibilities"? (pg. 8)
a. Responsibility
b. Ownership
c. Accountability
d. Transfer
c. Accountability
What tool is used for verifying and measuring compliance with established standards,
identifying trends in system performance? (p16)
a. Property tags
b. Reports
c. Inventory
d. Custodians
b. Reports
,To ensure property records remain current, accurate and complete, they should be
modified? (pg. 12)
a. Before property is purchased
b. After property has been disposed
c. Throughout the property life cycle
d. Only at the end of the inventory cycle
c. Throughout the property life cycle
What does reutilization reduce? (pg. 19)
a. Overall costs
b. Tagging requirements
c. Inventory losses
d. Redundant purchases
d. Redundant purchases
When does the Acquisition begin? (pg. 28)
a. Needs have been defined
b. Funds have been allocated
c. Completion of the Requisition
d. Vendor has been identified
a. Needs have been defined
What is the first step of the approval process when making a purchase? (pg. 23)
a. Identifying who is authorized to sign requisitions
b. Property Management approval
c. Obtaining approval to spend budgeted organizational funds
d. Preparation of the Requisition
, c. Obtaining approval to spend budgeted organizational funds
When a decision has been made to buy new equipment, considerations should be
decided, such as: immediate availability, extended service warranties, and . (pg. 25)
a. Vendor is approved
b. Advanced technology
c. Purchase to be made via Basic Order Agreement
d. Long lead-time to purchase
b. Advanced technology
When a Purchase Order has been completed, Purchasing should provide notification of
the Purchase Order to property management, the requestor, accounts payable, and
what additional department? (pg. 28)
a. Auditing
b. Quality
c. Transportation
d. Receiving
d. Receiving
What documents identify financial thresholds, and the types of transactions that may be
approved by defined roles? (pg. 23)
a. Organization procedure
b. Business plan
c. Property plan
d. Procurement procedures
a. Organization procedure
100% Verified Correct Answers
What document is used by most organizations which contain the components of the
system by which major facets of the asset life cycle are managed; specifically:
acquisition, use, and disposition of property? (pg. 7)
a. Property Procedures
b. Business Plan
c. Property Plan
d. Compliance document
a. Property Procedures
Which of the following terms means "to possess and have use of property of another
with delegated responsibilities"? (pg. 8)
a. Responsibility
b. Ownership
c. Accountability
d. Transfer
c. Accountability
What tool is used for verifying and measuring compliance with established standards,
identifying trends in system performance? (p16)
a. Property tags
b. Reports
c. Inventory
d. Custodians
b. Reports
,To ensure property records remain current, accurate and complete, they should be
modified? (pg. 12)
a. Before property is purchased
b. After property has been disposed
c. Throughout the property life cycle
d. Only at the end of the inventory cycle
c. Throughout the property life cycle
What does reutilization reduce? (pg. 19)
a. Overall costs
b. Tagging requirements
c. Inventory losses
d. Redundant purchases
d. Redundant purchases
When does the Acquisition begin? (pg. 28)
a. Needs have been defined
b. Funds have been allocated
c. Completion of the Requisition
d. Vendor has been identified
a. Needs have been defined
What is the first step of the approval process when making a purchase? (pg. 23)
a. Identifying who is authorized to sign requisitions
b. Property Management approval
c. Obtaining approval to spend budgeted organizational funds
d. Preparation of the Requisition
, c. Obtaining approval to spend budgeted organizational funds
When a decision has been made to buy new equipment, considerations should be
decided, such as: immediate availability, extended service warranties, and . (pg. 25)
a. Vendor is approved
b. Advanced technology
c. Purchase to be made via Basic Order Agreement
d. Long lead-time to purchase
b. Advanced technology
When a Purchase Order has been completed, Purchasing should provide notification of
the Purchase Order to property management, the requestor, accounts payable, and
what additional department? (pg. 28)
a. Auditing
b. Quality
c. Transportation
d. Receiving
d. Receiving
What documents identify financial thresholds, and the types of transactions that may be
approved by defined roles? (pg. 23)
a. Organization procedure
b. Business plan
c. Property plan
d. Procurement procedures
a. Organization procedure
