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Questions and Answers
True or false: Disposal is the initial stage of a government property's life cycle.
False
True or false: The heads of the departments, bureaus, and offices have full and sole authority and responsibility for the divestment or disposal of properties and other assets owned by national, corporate, and local government units.
True
True or false: Property that has become obsolete or archaic due to technological advancements is a factor to consider when disposing of unserviceable property.
True
True or false: The accountable officials in possession of unserviceable property must not submit any completed documents to the Disposal Committee through their respective heads of office.
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True or false: The COA Auditor shall inspect the items and determine whether they are valuable or not, and shall make a recommendation to the Head of Agency.
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True or false: If the unserviceable property is deemed to be valuable, it may be sold at public auction to the lowest bidder under the supervision of the appropriate Committee on Award or similar authority.
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True or false: When property is disposed of, the relevant elements of the Inventory and Inspection Report or Report of Waste Materials must be completed.
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Study Notes
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Description
"Maximize Government Assets: Test Your Knowledge on Property Disposal" - Take this quiz to learn about the different methods of property disposal and the necessary steps to take before, during, and after the process. Test your understanding of EO No. 888 and COA Circular No. 89-296 and discover how to effectively manage government assets. Keywords: property disposal, government assets, EO No. 888, COA Circular No. 89-296, managing heads.
