DAU: CLM 037 Physical Inventories Questions and Answers 2023
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DAU
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DAU
DAU: CLM 037 Physical Inventories Questions and Answers 2023
From the following choices, select the one that most accurately describes how often classified equipment must be inventoried:
At least annually
Select the characteristics of a physical inventory. Select all that apply.
A physica...
DAU: CLM 037 Physical Inventories Questions and Answers 2023
From the following choices, select the one that most accurately describes how often classified equipment must be inventoried: - answer At least annually
Select the characteristics of a physical inventory. Select all that apply. - answer A physical inventory uses an orderly, logical method and process / physical inventory requires physically locating the property and verifying the count
The policy that requires physical inventories to be completed is DoD instruction _________. - answer 5000.64
A successful physical inventory plan should have which of the following: - answer All of these
What are the three phases in the inventory process? - answer Preparation, physical count, and reconciliation
Which type of inventory would be conducted on a group of items within a specified period of time, according to an established plan? - answer Wall-To-Wall
Select items that are not included in the seven key factors completed during the Preparation phase of a physical inventory - answer ***
It is not necessary for the person in charge of the property records to be independent. - answer False
From the following choices, select the one that most accurately identifies the DoDI 5000.64 minimum inventory accuracy standard. - answer 98%
From the following choices, select the one that is most correct. Taking an inventory consists of a physical examination of the property and a review of custodial areas to make sure all items are properly and accurately recorded. The following steps should be
taken, as appropriate. - answer ***
Performing blind counts and executing physical counts are two of the 12 key factors completed during the physical count phase of the physical inventory. - answer True
From the following choices, select the one that identifies what the reconciliation may include: - answer Researching files for copies of transfer, loan, excess, or other documentation to close the records.
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