QUESTION 61 Key considerations for outsourcing the maintenance function include: A. Size of operation B. Large number of similar items C. Company owned vehicles make up fleet (no leased vehicles) D. Accessibility to spare parts Correct Answer: 

QUESTION 62 When should Service groups be notified? A. Equipment returned for a manufacturer recall B. Color coded dots indicate that equipment is delinquent for service C. Equipment placed in stand-by status D. Color coded dots indicate that the equipment has been recently performed Correct Answer: 

QUESTION 63 What is the definition of Calibration? A. Ensuring item is funtioning properly B. Inspecting an item for physical damage C. Adjusting (by comparison of a standard) the accuracy of a measuring instrument D. Reviewing manufacturer's recommendations with ensuring item is used accordingly Correct Answer: 

QUESTION 64 What is an important reason to establish audit programs and perform periodic reviews of the calibration and preventive maintenance system, documents and procedures? A. To comply with contractual requirements B. To ensure repair thresholds are met C. To avoid unnecessary procurements D. To control costs Correct Answer: 

QUESTION 65 What type of property inventory frequency is performed at predetermined intervals that are usually based on type, location and value of the property? A. Continuous/Cyclical Inventory B. Inventory By Exception C. Periodic Inventory D. Statistical Sampling Correct Answer: 

QUESTION 66 When a system falls below what percentage accuracy level, will it cause the system integrity to be jeopardized? A. 98% B. 95% C. 90% D. 85% Correct Answer: 

QUESTION 67 What type of inventory is only recommended when the range and depth of items/stock is small? A. ABC Inventories B. Contract Termination Inventory C. Statistical Sampling D. Wall-to-Wall Inventory Correct Answer: 

QUESTION 68 The use of electronic barcode scanners is an example of one method of taking the inventory. What is another method? A. Conduct Property Interviews B. Property Disposal C. Inventory by Exception D. Sensitive Items Correct Answer: 

QUESTION 69 Which item below is the most critical element to having a successful inventory? A. Creation of a Detailed Inventory Plan B. The Inventory Reconciliation C. Maintaining Inventory Schedules D. The Inventory Data Collection Correct Answer: 

QUESTION 70 What is one of the best barometers to determine the health of a property management system? A. Official Records B. Physical Inventory C. Internal/External Audits D. Reporting Tools Correct Answer: