NPMA Property Management CPPS
Exam questions with complete solutions
/. 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
/.Responsibility - Answer-✅Means to be answerable for a trust or obligation
-If you have a car, loaned it to someone, they dont own, but are answerable to you.
(Gas, accident, etc). So it is a trust, and they are answerable.
It is possible to be responsible for the property
/.What does responsibility mean - Answer-✅to be answerable for a trust or obligation.
Exam questions with complete solutions
/. 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
/.Responsibility - Answer-✅Means to be answerable for a trust or obligation
-If you have a car, loaned it to someone, they dont own, but are answerable to you.
(Gas, accident, etc). So it is a trust, and they are answerable.
It is possible to be responsible for the property
/.What does responsibility mean - Answer-✅to be answerable for a trust or obligation.
