Download Certified Professional Property Administrator (CPPA) Exam and more Exams Technology in PDF only on Docsity!
Administrator (CPPA) Exam
Question 1. Which part of the Federal Acquisition Regulation (FAR) primarily addresses government property management requirements? A) FAR Part 31 B) FAR Part 45 C) FAR Part 52 D) FAR Part 25 Answer: B Explanation: FAR Part 45 specifically deals with government property, including its management, use, and disposition. Question 2. What is the primary purpose of the Defense Federal Acquisition Regulation Supplement (DFARS)? A) To set civilian property management standards B) To supplement FAR for Department of Defense acquisitions C) To replace the FAR for all federal agencies D) To regulate contractor payroll Answer: B Explanation: DFARS provides additional regulations and guidance specific to the Department of Defense, supplementing the FAR.
Administrator (CPPA) Exam
Question 3. Which of the following is NOT a stage in the government property life cycle? A) Acquisition B) Utilization C) Taxation D) Disposition Answer: C Explanation: Taxation is not a stage in the government property life cycle; the stages are acquisition, utilization, maintenance, and disposition. Question 4. Who is responsible for ensuring government property is managed in accordance with contract terms? A) Property Administrator B) Contractor’s Property Manager C) Contracting Officer D) All of the above Answer: D
Administrator (CPPA) Exam
D) Executive Order 12345 Answer: B Explanation: FAR Part 45 is the comprehensive regulation for government property management. Question 7. Which of the following is considered Government Furnished Property (GFP)? A) Property purchased by the contractor for the contract B) Property provided by the government to the contractor for contract performance C) Contractor’s privately owned property D) Property leased from a commercial supplier Answer: B Explanation: GFP is property owned by the government and provided to the contractor for use on a contract. Question 8. Which item is classified as Contractor-Acquired Property (CAP)? A) A government-issued laptop B) A vehicle bought by the contractor using contract funds
Administrator (CPPA) Exam
C) Contractor’s personal phone D) Office supplies from previous contracts Answer: B Explanation: CAP is property purchased or fabricated by the contractor and reimbursed by the government. Question 9. What must occur when government property is received by a contractor? A) Immediate utilization B) Inspection and documentation C) Return to sender D) Immediate disposition Answer: B Explanation: Upon receipt, government property must be inspected and properly documented. Question 10. Why is unique item identification (UID) important in property management? A) To prevent theft only
Administrator (CPPA) Exam
B) A process of counting and verifying the existence of property items C) A financial audit D) A maintenance review Answer: B Explanation: Physical inventory involves the actual counting and verification of property items. Question 13. Which method involves counting all property items at one specific time? A) Cycle counting B) Statistical sampling C) Wall-to-wall inventory D) Spot checking Answer: C Explanation: Wall-to-wall inventory means counting all items at once over a short period. Question 14. What is the primary goal of reconciling inventory results with property records?
Administrator (CPPA) Exam
A) To increase asset value B) To ensure property records accurately reflect actual assets C) To satisfy employees D) To prepare for acquisition Answer: B Explanation: Reconciliation ensures records match the physical inventory, improving accuracy. Question 15. Which regulation requires contractors to maintain an auditable property record system? A) DFARS 252.245- 7002 B) FAR Part 31 C) OSHA Regulations D) U.S. Code Title 12 Answer: A Explanation: DFARS 252.245-7002 specifically requires an auditable property record system.
Administrator (CPPA) Exam
Question 18. Which of the following is considered unauthorized use of government property? A) Using a government laptop for contract work B) Using government equipment for personal business C) Performing maintenance on government vehicles D) Storing property in a secured area Answer: B Explanation: Use for personal business is unauthorized. Question 19. What is a key component of a good maintenance program for government property? A) Ignoring minor repairs B) Documenting all maintenance activities C) Using property until it fails D) Only repairing when required by law Answer: B Explanation: All maintenance and repairs must be documented to ensure accountability and reliability.
Administrator (CPPA) Exam
Question 20. What is the purpose of calibrating government property? A) To improve its appearance B) To ensure accuracy and reliability C) To increase its market value D) To mark it as government property Answer: B Explanation: Calibration ensures that equipment performs accurately and reliably. Question 21. When moving government property off-site, what must be obtained? A) Contracting Officer approval B) Employee permission C) Local government license D) Manufacturer’s approval Answer: A Explanation: Moving property off-site generally requires the approval of the Contracting Officer.
Administrator (CPPA) Exam
Question 24. What is “demilitarization” in property disposition? A) Painting property a different color B) Rendering property unusable for military purposes C) Donating to charity D) Exporting property overseas Answer: B Explanation: Demilitarization is the process of rendering property unusable for military applications. Question 25. What must occur before a contract with government property can be closed out? A) Final inventory and reconciliation B) Immediate property disposal C) Contractor’s resignation D) Random selection Answer: A Explanation: A final inventory and reconciliation of property records is required before contract closeout.
Administrator (CPPA) Exam
Question 26. Which form is commonly used to document the receipt of government property? A) DD Form 250 B) IRS Form 1099 C) EPA Form 123 D) OSHA Form 300 Answer: A Explanation: DD Form 250 is often used to document receipt and inspection of government property. Question 27. What action should a contractor take if government property is lost or damaged? A) Ignore it B) Promptly report the incident to the Property Administrator and Contracting Officer C) Replace it without documentation D) Sell it Answer: B
Administrator (CPPA) Exam
Answer: B Explanation: Records must be kept current and updated whenever changes occur. Question 30. What is the consequence of failing to maintain accurate property records? A) Increased government trust B) Potential loss of future contracts or penalties C) Improved contract performance D) Reduced audit requirements Answer: B Explanation: Inaccurate records can result in penalties or loss of contract opportunities. Question 31. What is a “sensitive item” in property management? A) An item with sentimental value B) An item requiring special control due to its nature, value, or potential misuse C) A small item
Administrator (CPPA) Exam
D) A consumable supply Answer: B Explanation: Sensitive items require additional controls due to their intrinsic value or risk. Question 32. Which regulation establishes the requirement for the Unique Item Identifier (UII)? A) FAR Part 45 B) DFARS 252.211- 7003 C) OSHA Standards D) IRS Codes Answer: B Explanation: DFARS 252.211-7003 establishes the UII requirement. Question 33. What is the role of the Property Administrator (PA)? A) To sign paychecks B) To oversee the contractor’s compliance with property management requirements C) To purchase supplies
Administrator (CPPA) Exam
C) To reduce employee workload D) To eliminate all reporting Answer: B Explanation: A property control system provides structure for managing and safeguarding government property. Question 36. When is a formal property inventory typically required? A) Whenever the contractor feels like it B) Annually, or as specified by contract C) Never D) Only when property is lost Answer: B Explanation: Formal inventories are usually required annually or as otherwise specified. Question 37. What should be done with excess government property? A) Store it indefinitely B) Report and request disposition instructions from the government C) Give it to employees
Administrator (CPPA) Exam
D) Destroy it without documentation Answer: B Explanation: Excess property must be reported for disposition in accordance with regulations. Question 38. What is “consumable property”? A) Property expected to last indefinitely B) Property which is depleted with use and not tracked individually C) High-value equipment D) Real estate Answer: B Explanation: Consumable property is used up and not tracked as individual items. Question 39. What is the primary difference between GFP and CAP? A) Ownership and method of acquisition B) Color of the property C) Manufacturer’s warranty D) Disposal methods
