NPMA CPPS;
Asset Or Property Management 2025/26 Updated Questions
& Answers (Verified Answers), 100 % Guaranteed Pass
||Complete A+ Guide
This Exam Document Contains:
NPMA CPPS Asset Or Property Management
130 Questions & Answers (Verified Answers)
100% Guaranteed Pass
Complete A+ Guide
,NPMA CPPS; Asset Or Property Management 2025/26 Updated
Questions & Answers (Verified Answers), 100 % Guaranteed
Pass ||Complete A+ Guide
1. The key objectives of an effective Property Management function are: to
ensure that fiduciary and compliance requirements are met, business
objectives are supported, and to ensure financial stewardship and
compliance.
Answer: - regulatory
2. Every organization, regardless of its size or type, has critical business
functions through which they meet business and accomplish their
missions; familiar examples of these functions are: Accounting, Payroll, and
Human Resources.
Answer: objectives
*Asset Management is also a core business function.*
3. The primary drivers behind the need for an effective Property
,Management function include: fiscal responsibility and stewardship,
investment and re- source management, in addition to compliance with
organizational needs and
requirements.
Answer: external
4. The function of Asset or Property Management is known by a variety of
names. These may include Property Accounting, Fixed- Asset Accounting,
Inventory Control, Materiel, or Property Control; and may depending
on the preferences within an organization.
Answer: vary
*Regardless of what it is called, the general scope of responsibility and associated roles
remain essentially the same.*
5. The Property Management Office (PMO) is the business unit, department,
or designated team within an organization, which is responsible for or
managing property.
Answer: tracking
6. The PMO, which is headed by the Property Manager, is responsible for
establishing, providing guidance, managing, and maintaining an
, and effective Property Management System
Answer: efficient
Asset Or Property Management 2025/26 Updated Questions
& Answers (Verified Answers), 100 % Guaranteed Pass
||Complete A+ Guide
This Exam Document Contains:
NPMA CPPS Asset Or Property Management
130 Questions & Answers (Verified Answers)
100% Guaranteed Pass
Complete A+ Guide
,NPMA CPPS; Asset Or Property Management 2025/26 Updated
Questions & Answers (Verified Answers), 100 % Guaranteed
Pass ||Complete A+ Guide
1. The key objectives of an effective Property Management function are: to
ensure that fiduciary and compliance requirements are met, business
objectives are supported, and to ensure financial stewardship and
compliance.
Answer: - regulatory
2. Every organization, regardless of its size or type, has critical business
functions through which they meet business and accomplish their
missions; familiar examples of these functions are: Accounting, Payroll, and
Human Resources.
Answer: objectives
*Asset Management is also a core business function.*
3. The primary drivers behind the need for an effective Property
,Management function include: fiscal responsibility and stewardship,
investment and re- source management, in addition to compliance with
organizational needs and
requirements.
Answer: external
4. The function of Asset or Property Management is known by a variety of
names. These may include Property Accounting, Fixed- Asset Accounting,
Inventory Control, Materiel, or Property Control; and may depending
on the preferences within an organization.
Answer: vary
*Regardless of what it is called, the general scope of responsibility and associated roles
remain essentially the same.*
5. The Property Management Office (PMO) is the business unit, department,
or designated team within an organization, which is responsible for or
managing property.
Answer: tracking
6. The PMO, which is headed by the Property Manager, is responsible for
establishing, providing guidance, managing, and maintaining an
, and effective Property Management System
Answer: efficient
