Exam (elaborations)
NPMA CPPS Practice Test Exam Questions & Answers.
- Institution
- Liberty University
NPMA CPPS Practice Test Exam Questions & Answers.
[Show more]
Content preview
NPMA CPPS Practice Test Exam Questions& Answers
What is the document most organizations use that describes and conveys the process
o o o o o o o o o o o o
steps taken to produce a desired result? - answer-Procedure
o o o o o o o o o
Which of the following terms means "to possess and have use of property of another
o o o o o o o o o o o o o o
with delegated responsibilities"? - answer-Accountability
o o o o o
What element is crucial to the entire process of the property control system? - answer-
o o o o o o o o o o o o o o
Records
When does the Acquisition begin? - answer-Needs have been defined
o o o o o o o o o
What is the first step of the approval process when making a purchase? - answer-
o o o o o o o o o o o o o o
Obtaining approval to spend budgeted organizational funds
o o o o o o
3. When a decision has been made to buy new equipment, considerations should be
o o o o o o o o o o o o o
decided, such as: immediate availability, extended service warranties, and _________.
o o o o o o o o o o
- answer-Advanced technology
o o o
When a Purchase Order has been completed, Purchasing should provide a copy of the
o o o o o o o o o o o o o
Purchase Order to property management, the originator, accounts payable, and what
o o o o o o o o o o o
other department? - answer-Receiving
o o o o
What establishes delegation of authority for signature approval thresholds and types of
o o o o o o o o o o o
property for those signature levels? - answer-Organization procedure
o o o o o o o o
In organizations having online financial systems, documentation is created electronically
o o o o o o o o o
oand is retained in the system's transaction history. It is often used as part of a three-
o o o o o o o o o o o o o o o o
way match of transactions prior to payment: the PO, the receiving documentation, and
o o o o o o o o o o o o
othe ___________. - answer-Invoice
o o o
A ________________________ provides receiving activity information as well as a way
o o o o o o o o o o
to trace items that are lost or misappropriated during the receiving process or during
o o o o o o o o o o o o o o
delivery from the receiving area. - answer-Receiving voucher log
o o o o o o o o o
What is a disadvantage of centralized receiving? - answer-Slower turn-around time for
o o o o o o o o o o o
deliveries
o
, What information is NOT typically recorded in a receiving voucher log? - answer-
o o o o o o o o o o o o
Purchasing department order date and cost o o o o o
Why is it important that the Receiving department inspect for damage? - answer-
o o o o o o o o o o o o
Provide information for a potential return of the item to the vendor
o o o o o o o o o o o
What is one accomplishment by tagging of new, incoming property? - answer-
o o o o o o o o o o o
Establishes the official record for that item
o o o o o o
Types of property that generally require serialized tags are: - answer-Government
o o o o o o o o o o
property sensitive property
o o o
Reasons accountable property is tagged because of its sensitivity, requirement for
o o o o o o o o o o
control and what? - answer-Dollar value
o o o o o o
What does the accuracy of bar-code technology depend on? - answer-The accuracy of
o o o o o o o o o o o o
the data capturing process
o o o o
Assets acquired by the subcontractor must be tagged in accordance with the
o o o o o o o o o o o
_____________ policies and procedures unless otherwise specified in the subcontract
o o o o o o o o o o
award document. - answer-Prime contractor's
o o o o o
What is the method of inventory and distribution that moves the oldest items in storage
o o o o o o o o o o o o o o
to the location where they will be used first (i.e. there is concern that the items may
o o o o o o o o o o o o o o o o o
have a limited shelf-life)? - answer-FIFO
o o o o o o
Warehouse operations include several integrated functions, including: - answer-Space
o o o o o o o o
allocation
o
What does using proper temperature and humidity controls in a warehouse environment
o o o o o o o o o o o
help ensure? - answer-Does not deteriorate when being stored
o o o o o o o o o
Just-in-time (JIT) delivery has both advantages and disadvantages. What is one
o o o o o o o o o o
DISADVANTAGE? - answer-Increases the costs of purchased goods
o o o o o o o o
Which of these is NOT a factor that should be considered when deciding on the
o o o o o o o o o o o o o o
appropriate layout of a warehouse? - answer-Acquisition method
o o o o o o o o
of items
o o
When should property that has been taken offsite for approved use be returned? -
o o o o o o o o o o o o o
answer-During the physical inventory
o o o o
What is the name of the movement document used to track the short-term movement of
o o o o o o o o o o o o o o
equipment that may be used by multiple users? - answer-Equipment log-out form
o o o o o o o o o o o o
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Prose1. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
82215 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now