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CPPS Comprehensive Practice Exam With Answers (33 Solved Questions)

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    CPPS Exam Chapters 1-11 Study online at https://quizlet.com/_e5the1 1. Property Management is not considered a core busi- ness function; but rather a key component of the busi- ness process. ( 1-1) TRUE or FALSE FALSE 2. Establishing and maintaining of a property control system is also the responsiblity of the: (1-2) ____ OPMO ____ PMO ____ PA ____ PMF PMO 3. Which three of the following are key elements of prop- erty accountability? (1-2) ____ Provider _____ Records Management _____ Recipient _____ Specific penalties in case of default -Provider -Recipient -Specific penalties in case of default 4. When accountability shifts from one entity to another it is called a: (1-3) ______ Transfer of accountability ______ Internal transfer ______ Transfer of custody ______Ownershiptransfer Transfer of ac- countability 5. The Property Control System is comprised of written policies, procedures, operational guidelines and re- lated records as well as the management information system (MIS) that facilitates performing those func- tions. (1-4) TRUE or FALSE TRUE 6. 1 / 7

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    The PMO must ensure that assets owned by the or- ganization for which the they are accountable are ad- equately controlled, protected, preserved and main- tained to maximize their: (1-4) ____ Aadequate security and longevity ____ Useful life and provide the best possible return on investment ____ Accuracy of records and residual book value Useful life and pro- vide the best pos- sible return on in- vestment 7. There are several factors that influence where the property function would most effectively reside. They do not include include: (1-5) _____ Type, size, and geographical layout of the orga- nization Compliance requirements and related risks Availability of outsourcing resources Level and type of interface needed with key stake- holders Availability of outsourcing re- sources 8. 9) For organizations that are able to decide upon the implementation of the organizational structure for their property function, which would be top consider- ations? (1-6) ______ Centralized vs. Decentralized ______ Single individual responsibility vs. a fully staffed Property division or department ______ Functional groupings within the depart- ment-by business process, support to business team, area for specialty, type of property, etc. ______ The level of ability for staff members to com- municat -Centralized vs. Decentralized -Functional group- ings within the de- partment-by busi- ness process, sup- port to business team, area for specialty, type of property, etc. 9. The term used when one has the legal or rightful title to property is (1-2): Ownership 10. Managed by the Property Manager and responsible for a property control system. Program Manager 2 / 7

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