Froggy Jumps froggy jumpsOnline version select the correct answer by Hazel Odones 1 Property custodianship refers to the guardianship of government property by the person accountable. This includes the receipt of supplies, materials and equipment, the safekeeping, issuance, repair and maintenance. a True b False c 2 The Accountable Officer shall maintain and keep records of his property accountability and shall render accounts as prescribed by the Commission. a True b False c 3 Liability refers to the obligation that arises as a consequence of an illegal or improper act or the non-performance of what one is mandated to do. a True b False c 4 The accountable officer through the Inventory Committee, are required to take a physical inventory of all the equipment and supplies of their respective offices at least once a year. a True b False c 5 Measure of liability is the fair market value of the equipment will be chargeable to the officer or employee less some allowance for depreciation. a True b False c 6 Major repairs only involve minor fixes that do not increase the value of the equipment. a False b True c 7 The Repairs and Maintenance Program helps extend the useful life of equipment and facilities. a True b False c 8 Repair costs should not exceed 30% of the equipment’s fair market value to be considered economical. a False b True c 9 The Property Officer is responsible for preparing the Waste Material Report for replaced parts. a False b True c 10 Post-repair inspections ensure that the repairs meet the contract specifications and are completed on time. a True b False c 11 This refers to the scientific and economical receipt, warehousing, and issuance of materials for their best safekeeping and rapid availability. a Room b Storage c Warehouse 12 It refers to tools, machines, or devices used for a specific purpose. a Materials b Machinery c Equipment 13 It refers to the act of using something effectively for a specific purpose. a Utilization b Manageent c Organization 14 It refers to the qualities, traits, or attributes of an object, substance, or concept. a Managing b Ownership c Property 15 It refers to the process of storing goods, materials, or products in a warehouse before they are distributed, sold, or used. It is an essential part of supply chain management. a Warehousing b Supply c Inventory
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