Certified Professional Property Specialist CPPS - Study Guide Questions With Complete Solutions

Certified Professional Property Specialist CPPS - Study Guide Questions With Complete Solutions
Question 1: What are the benefits of an effective property
function?
CORRECT ANSWER: - Maximize Return of Investment -
Facilitate Compliance - Maximize Reutilization - Depreciation
Expense
Question 2: What are other names for property accounting?
CORRECT ANSWER: - Fixed asset accounting - Inventory
Control - Material/Property Control
Question 3: What are the three key concepts of property
management?
CORRECT ANSWER: - Ownership - Accountability -
Responsibility
Question 4: What is a crucial element of property control
management?
CORRECT ANSWER: Records

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