CPPS Comprehensive Practice Exam With Answers (33 Solved Questions)

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CPPS Exam Chapters 1-11Study online at https://quizlet.com/_e5the11.Property Management is not considered a core busi-ness function; but rather a key component of the busi-ness process. ( 1-1)TRUE or FALSEFALSE2.Establishing and maintaining of a property controlsystem is also the responsiblity of the: (1-2)____ OPMO____ PMO____ PA____ PMFPMO3.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 penaltiesin case of default4.When accountability shifts from one entity to anotherit is called a: (1-3)______ Transfer of accountability______ Internal transfer______ Transfer of custody______OwnershiptransferTransfer of ac-countability5.The Property Control System is comprised of writtenpolicies, procedures, operational guidelines and re-lated records as well as the management informationsystem (MIS) that facilitates performing those func-tions. (1-4)TRUE or FALSETRUE6.1 / 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 returnon investment____ Accuracy of records and residual book valueUseful life and pro-vide the best pos-sible return on in-vestment7.There are several factors that influence where theproperty function would most effectively reside. Theydo not include include: (1-5)_____ Type, size, and geographical layout of the orga-nizationCompliance requirements and related risksAvailability of outsourcing resourcesLevel and type of interface needed with key stake-holdersAvailability ofoutsourcing re-sources8.9) For organizations that are able to decide uponthe implementation of the organizational structure fortheir property function, which would be top consider-ations? (1-6)______ Centralized vs. Decentralized______ Single individual responsibility vs. a fullystaffed 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 businessteam,area for specialty,type of property,etc.9.The term used when one has the legal or rightful titleto property is (1-2):Ownership10.Managed by the Property Manager and responsible fora property control system.Program Manager2 / 7

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CPPS Comprehensive Practice Exam With Answers (33 Solved Questions)

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