Exam (questions with 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
\.Who is accountable for the property - Answer- To whom are you accountable for the
property
\.Transfers - Answer- not always physical, require approval, approval record is part of
historical file and audit trail