NPMA CPPS Certification Exam Questions with Complete Solutions (Graded A+)

NPMA CPPS Certification Exam Questions with Complete Solutions (Graded A+) What establishes delegation of authority for signature approval thresholds and types of property for those signature levels? (pg. 2-2)(Chapter 2) - Answer-a. Organization procedure 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) - Answer-a. Invoice 2. A ________________________ provides receiving activity information as well as a way to trace items that are lost or misappropriated during the receiving process or during delivery from the receiving area. (pg. 3-2)(Chapter 3) - Answer-d. Receiving voucher log 3. What is a disadvantage of centralized receiving? (pg. 3-3)(Chapter 3) - Answer-d. Slower turn-around time for deliveries 4. What information is NOT typically recorded in a receiving voucher log? (pg. 3-2)(Chapter 3) - Answer-c. Purchasing department order date and cost