NPMA CPPS Practice Test || Graded A+.
What is the document most organizations use that describes and conveys the process steps taken
to produce a desired result? correct answers Procedure
Which of the following terms means "to possess and have use of property of another with
delegated responsibilities"? correct answers Accountability
What element is crucial to the entire process of the property control system? correct answers
Records
When does the Acquisition begin? correct answers Needs have been defined
What is the first step of the approval process when making a purchase? correct answers
Obtaining approval to spend budgeted organizational funds
3. When a decision has been made to buy new equipment, considerations should be decided,
such as: immediate availability, extended service warranties, and _________. correct answers
Advanced technology
When a Purchase Order has been completed, Purchasing should provide a copy of the Purchase
Order to property management, the originator, accounts payable, and what other department?
correct answers Receiving
What establishes delegation of authority for signature approval thresholds and types of property
for those signature levels? correct answers Organization procedure
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 ___________.
correct answers Invoice
, 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. correct answers Receiving voucher log
What is a disadvantage of centralized receiving? correct answers Slower turn-around time for
deliveries
What information is NOT typically recorded in a receiving voucher log? correct answers
Purchasing department order date and cost
Why is it important that the Receiving department inspect for damage? correct answers Provide
information for a potential return of the item to the vendor
What is one accomplishment by tagging of new, incoming property? correct answers Establishes
the official record for that item
Types of property that generally require serialized tags are: correct answers Government property
sensitive property
Reasons accountable property is tagged because of its sensitivity, requirement for control and
what? correct answers Dollar value
What does the accuracy of bar-code technology depend on? correct answers The accuracy of the
data capturing process
Assets acquired by the subcontractor must be tagged in accordance with the _____________
policies and procedures unless otherwise specified in the subcontract award document. correct
answers Prime contractor's
What is the document most organizations use that describes and conveys the process steps taken
to produce a desired result? correct answers Procedure
Which of the following terms means "to possess and have use of property of another with
delegated responsibilities"? correct answers Accountability
What element is crucial to the entire process of the property control system? correct answers
Records
When does the Acquisition begin? correct answers Needs have been defined
What is the first step of the approval process when making a purchase? correct answers
Obtaining approval to spend budgeted organizational funds
3. When a decision has been made to buy new equipment, considerations should be decided,
such as: immediate availability, extended service warranties, and _________. correct answers
Advanced technology
When a Purchase Order has been completed, Purchasing should provide a copy of the Purchase
Order to property management, the originator, accounts payable, and what other department?
correct answers Receiving
What establishes delegation of authority for signature approval thresholds and types of property
for those signature levels? correct answers Organization procedure
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 ___________.
correct answers Invoice
, 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. correct answers Receiving voucher log
What is a disadvantage of centralized receiving? correct answers Slower turn-around time for
deliveries
What information is NOT typically recorded in a receiving voucher log? correct answers
Purchasing department order date and cost
Why is it important that the Receiving department inspect for damage? correct answers Provide
information for a potential return of the item to the vendor
What is one accomplishment by tagging of new, incoming property? correct answers Establishes
the official record for that item
Types of property that generally require serialized tags are: correct answers Government property
sensitive property
Reasons accountable property is tagged because of its sensitivity, requirement for control and
what? correct answers Dollar value
What does the accuracy of bar-code technology depend on? correct answers The accuracy of the
data capturing process
Assets acquired by the subcontractor must be tagged in accordance with the _____________
policies and procedures unless otherwise specified in the subcontract award document. correct
answers Prime contractor's
