7 Questions
What does storage refer to?
The receiving, storage, and distribution of commodities for safety and availability
What procedures are involved in warehousing?
Material receipt, arrangement, and recording
What is utilization?
Efficiency and economy in property use
What should be included in a program for equipment maintenance?
Repairs and maintenance
What is the maximum amount that repair expenses should exceed?
30% of fair market value
How long does COA have to receive pre-repair inspection reports?
5 days
Who is responsible for replacing damaged parts?
Designated employees or private contractors
Study Notes
- Storage refers to the receiving, storage, and distribution of commodities for safety and availability.
- Warehousing involves procedures such as material receipt, arrangement, and recording.
- Issuance is the transfer of property custody, while utilization promotes efficiency and economy in property use.
- Guidelines for using facilities and equipment should be followed, and repairs and maintenance should be included in a program.
- Maintenance keeps equipment usable, while major or extraordinary repair increases its value or extends usable life.
- Repair requests must be approved, and expenses should not exceed 30% of fair market value.
- Pre-repair inspection reports must be provided to COA within 5 days.
- Designated employees or private contractors are responsible for replacing damaged parts.
- An inventory custodian slip is generated for monitoring supplies and materials with a useful life of over one year.
- An acknowledgement receipt for equipment is generated for non-expendable property and equipment.
Are you familiar with the essential aspects of storage and warehousing? Test your knowledge with this quiz! Learn about the procedures involved in material receipt, arrangement, and recording, as well as the guidelines for using facilities and equipment. Explore the importance of maintenance and repair, and understand the processes involved in property transfer and custodianship. This quiz is perfect for anyone looking to brush up on their knowledge of storage and warehousing procedures.
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