7 Questions
True or false: There is only one mode of property disposal.
False
True or false: Property transfer requires the Property Officer's certification and signing of a transfer form.
True
True or false: Donating property to other government entities follows a different process than transferring property.
False
True or false: Property appraisal is necessary to determine the selling price for unserviceable property.
True
True or false: The Disposal Committee is composed of three members.
True
True or false: The appraisal report is created by the Disposal Committee and involves a visual check of the property and calculation of the appraised value.
True
True or false: The owning agency is not involved in the appraisal report writing process.
False
Study Notes
- There are various modes of property disposal including property condemnation/destruction, property transfer, barter, donation, and sale of unserviceable property.
- Property transfer involves the certification of the Property Officer, preparation of transfer and invoice receipt, and signing of the property transfer form.
- The process for donating property is similar to transferring property to other government bodies.
- Property appraisal is done to determine the government's minimal selling price for the objects sold.
- The Disposal Committee is composed of a Chairman, Administrative Unit Head, and Property Unit Head.
- The appraisal report is written by members of the Disposal Committee, including the owning agency, and involves a visual check of the property, reference price information, and calculation of the appraised value using a formula.
Test your knowledge on government property disposal with this quiz! From property transfer to donation and appraisal, this quiz covers the various modes of property disposal used by the government. Learn about the roles of the Disposal Committee and the steps involved in determining the minimal selling price of government property. Put your knowledge to the test and see how much you know about property disposal in the government sector.
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