QUESTION 1 Which term is defined as a means to be answerable for a trust or obligation? A. Responsibility B. Ownership C. Trustee D. Stewardship Correct Answer: QUESTION 2 What is known as a property control function? A. Maintenance Control B. Contract Administration C. Work-in-Progress Administration D. Inventory Control Correct Answer: QUESTION 3 Where is the most effective placement for property management within an organization? A. Transportation or Facilities B. Legal or Contract Function C. Procurement or Capital Accounting D. Accounting Function or Financial Management Correct Answer: QUESTION 4 What does PMO stand for? A. Property Maintenance Officer B. Process Management Office C. Preventive Maintenance Officer D. Property Management Office Correct Answer: QUESTION 5 Who is responsible for ensuring all property related policies and procedures are followed within an organization and is usually the authority behind the property manager? A. Controller B. Chief Financial Officer C. Compliance Officer D. Contract's Officer Correct Answer: QUESTION 6 What is a primary cause for government auditors finding an organization liable for the loss, damage or destruction of assets? A. Lack of Training B. Lack of Communication C. Lack of Documentation D. Lack of Organizational Support Correct Answer: QUESTION 7 What is considered an effective tool by which key information (i.e. location, use) about property is communicated throughout the organization? A. Property Audits B. Property Receipts C. Property Reports D. Property Records Correct Answer: QUESTION 8 What is one of the most overlooked aspects of training? A. Lessons Learned B. Reporting - Ad Hoc/Special C. Documents - Text/Visual Aids D. Policies and Procedures Correct Answer: QUESTION 9 Who is considered the main point of contact for anything to do with property? A. The Property Custodian B. The Project Manager C. The Contract Manager D. The Property Manager Correct Answer: QUESTION 10 Who must review transfer documentation for accuracy and completeness? A. Both the Property Management Office and the Gaining Organization B. Only the Gaining Organization C. Both the Releasing and Gaining Organization D. Only the Releasing Organization

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