100% CORRECT ANSWERS
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. 32) - Answer-a. Receiving voucher log
1. What is a disadvantage of centralized receiving? (pg. 32) - Answer-a. Slower turn-
around time for deliveries
What information is NOT typically recorded in a receiving voucher log? (pg. 32) -
Answer-Purchasing department order date and cost
1. A primary purpose of asset identification is: (pg. 41) - Answer-a. Readily identify
ownership
1. One option for identification used throughout the Property Management industry
include: (pg. 42) - Answer-a. Network Pinging
1. The U.S. Department of Defense (DoD) UID Policy Office issuing a solicitation is
responsible for identifying items requiring Item is called: (pg. 45) - Answer-a. Unique
Identification (IUD)
1. Identification markings must be affixed to the property? (pg. 41) - Answer-a.
Components and accessories to Capital Equipment
1. Types of property generally requiring "non-serialized" tags include: (pg. 42) - Answer-
a. Components and accessories to Capital Equipment
1. Warehouse facilities must maintain current and accurate records of which activities?
(pg. 49) - Answer-a. Receipts, issues, transfers, storage, and shipments
1. One of the primary functions of storage is to ensure _____________. (pg. 50) -
Answer-a. property is available when required
1. What are four main types of storage areas? (pg. 51) - Answer-a. Building,
environmentally controlled space, yard, and special storage
1. What is the inventory and distribution method that moves the oldest items in storage
to the location where they will be used and maintains the newest items in inventory?
, (Note: best method when dealing with shelf-life material)? (54) - Answer-a. First in, First
Out (FIFO)
1. Which organization must ensure that data from the warehouse is complete, accurate,
and reliable? (56) - Answer-a. Property Management
1. Which document is used for property movement between an inventory control point
(e.g., receiving, storage, calibration lab, maintenance, etc.) and the custodian or user?
(page 61) - Answer-a. Hand Receipt
1. Off-site use requirements for the removal and use of property includes: (page 60) -
Answer-a. An electronic or written record of the property and management approval.
1. Which is not an essential aspect of property movement: (choose incorrect answer)
(page 59) - Answer-a. Physical relocation and packaging.
b. Shipping and adequate record keeping.
c. Classified shipments and electronic shipping methods. (Should be electronic tracking
methods.)*******
d. Movement of hazardous materials and preparation of move documents.
1. Effectively tracking movement throughout the life cycle of assets is one of the most
challenging aspects of property management. (Page 64) - Answer-a. True.
1. Freight shipments must be described on invoices, in a uniform and consistent
manner, which is recognizable and acceptable to all carriers.(Page 63) - Answer-a.
False.(freight bills, not invoices)
1. Who is responsible for maintenance and calibration? (pg. 71) - Answer-a. Anyone
who observes, uses, or services an item
1. What types of maintenance should be covered in a Maintenance Plan? (pg. 69) -
Answer-a. Preventive, Calibration, Unscheduled, Corrective Maintenance
1. When selecting maintenance software, you should allow for what type of records?
(pg. 67) - Answer-a. Multiple Service Requirements
1. What results in cost savings, preventing downtime and reduced production? (pg. 67) -
Answer-a. Maintenance plan
1. What best describes a Maintenance Plan? (pg. 67) - Answer-a. Items requiring
regularly-scheduled inspection and service should be scheduled for recall via a
systematic process
1. What is the role of the physical inventory? (pg. 83) - Answer-a. To ensure assets
recorded in the property system physically exist.