NPMA Property Management CPPS Exam Questions and Answers

NPMA Property Management CPPS Exam Questions and Answers Property Management - Answer- The exercise of a restraining or governing influence over the acquisition , use , and disposition of personal property Property control function names - Answer- Property control, Asset Management, fixed- asset accounting, inventory control, material PMO - Answer- Property Management Office PMO responsibilities - 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 - Answer- The establishment and maintenance of a property control system Property Control System - Answer- comprised of Primary difference between accountability and responsibility - Answer- A Who is accountable for the property - Answer- To whom are you accountable for the property Transfer of Accountability - Answer- Transfers - Answer- not always physical, require approval, approval record is part of historical file and audit trail Transfer between contracts - Answer- both releasing and gaining agency verify accuracy