QUESTION 81 Reutilization is the first step in which process? A. Maintenance process B. Disposal process C. Consumption process D. Storage and Warehousing process Correct Answer: QUESTION 82 What is compared during the screening process? A. Property on hand against known or anticipated requirements B. Excess property condition against that of new like-kind asset C. Replacement costs versus book value D. Disposed property book value against estimated salvage value Correct Answer: QUESTION 83 What is an important reason to document Reutilization for reporting purposes? A. Assets are safeguarded against pilferage B. To ensure the new custodian fully utilized the asset C. Guarantee that business goals are met D. Funds earmarked for the offset acquisition can be reallocated Correct Answer: QUESTION 84 What is the status of assets that have fulfilled their requirements? A. Idle B. Utilized C. Standby D. Excess Correct Answer: QUESTION 85 Which term is defined as the process of incorporating material into an end item? A. Consumption B. Utilization C. Integration D. Depletion Correct Answer: QUESTION 86 What processes does the consumption process consist of: A. Issuance of material, actual use, unused material, and sale of equipment B. Issuance of material, anticipated use of material, unused material, and return to stores C. Issuance of material, actual use, unused material, and return to stores D. Issue of material, disposition of material, used material, and return to stores Correct Answer: QUESTION 87 Why should Property Managers encourage property custodians and management personnel to regularly walk their areas? A. Identify idle assets B. Meet organizational goals C. Increase awareness D. Identify security concerns Correct Answer: QUESTION 88 What is vital to any organization to maintain in an organized and controlled manner for efficiency and costeffectiveness? A. Optimal levels of needed property B. Property management records C. Adequate warehouse facilities D. Budgetary goals Correct Answer: QUESTION 89 What type of items can lead to compromised security or liability for the organization during the disposal process? A. Property with hard-drives B. Laboratory equipment C. Company-owned equipment D. Transferred property Correct Answer: QUESTION 90 What is known as: offering an excess item at market value or higher to a Vendor and receiving a new similar item? A. Fixed-price sale B. Trade-in C. Exchange sale D. Negotiated sale Correct Answer: