NPMA CPPS Certification Exam Solved 100%Correct.
Property Management - Answer- The exercise of a retaining or governing influence over
the
... [Show More] acquisition, use, and disposition of personal property
Property Control Variety of Names - Answer- Property Accounting, Fixed Asset
Accounting, Inventory Control, Material, Property Control, Asset Management.
Property Management Office PMO - Answer- Department within an org that is
responsible for controlling or managing property
Property Manager - Answer- PMO is headed by
Property Manager is responsible for: - Answer- establishing, guiding, managing, and
maintaining an efficient property system, communicating effectively with other
departments and functions, and developing and presenting training in property related
subjects
Property Control System is comprised of - Answer- Property Management Personnel,
processes, and mgmt info. systems (MIS). (Written policies, procedures, operational
guidelines, and related records, and MIS that facilitates these functions).
If org contracts with the government, property manager must - Answer- have a working
relationship with all sponsor reps
Ownership - Answer- Having legal or rightful title to property
either owned by the org or is provided by a sponsor under some kind of agreement
(sponsor has ownership). - Answer- Property is either owned by or provided.
Ownership of property allows the owner to - Answer- make any and all decisions
regarding the property
It is the property professional job to support the property owner in - Answer- making and
implementing effective decisions regarding the property
Duties, responsibilities, and potential penalties should be - Answer- documented in a
formal agreement between the provider and the recipient (contract, grant)
Accountability - Answer- means to posses and have use of the property of another with
delegated duties and responsibilities, subject to penalty in case of default. [Show Less]