QUESTION 91 Which type of sale should be used when an organization produces a large quantity of the same type of materials for disposal (e.g. scrap metal, plastics, used batteries, electronics etc.)? A. Annual or term contract B. Negotiated sale C. Auction D. Fixed-price sale Correct Answer: QUESTION 92 Which type of sale allows buyers to place written bids on items during the sale? A. On-line Auction B. Fixed price sale C. Annual or term contract D. Spot-bid sale Correct Answer: QUESTION 93 What is the most critical part of ANY sale? A. Marketing B. Customer C. Negotiation D. Contract Correct Answer: QUESTION 94 What type of media is a good marketing tool for finding customers for special or unique assets? A. Postcards B. Brochures C. Newspaper ads D. Trade magazines Correct Answer: QUESTION 95 What should be done BEFORE destruction is ordered to dispose of an item? A. Store item B. Remove useable parts C. Obtain approval from Finance D. Abandon item Correct Answer: QUESTION 96 What is known as: documenting and moving of an active property item to inactive status in the property record system? A. Disposition B. Stand-by C. Closeout D. Retirement Correct Answer: QUESTION 97 Who should Property management partner with to ensure available excess property is screened before new property is acquired? A. Auditing B. Contracting Officer C. Procurement D. Management Correct Answer: QUESTION 98 When is it favorable to conduct a fixed-price sale? A. Commonly used excess items with known fair market value B. Items are export controlled C. Buyers need to meet certain special requirements (e.g., license) D. Organization needs to acquire a similar item to the one being sold Correct Answer: QUESTION 99 What type of document should a buyer sign to acknowledge their receipt of items with special characteristics (e.g., hazardous materials, export-controlled, etc.)? A. Bid sheet B. Disclaimer C. Material Safety Data Sheet (MSDS) D. Bills of Material Correct Answer: QUESTION 100 What type of sale allows seller to retain the proceeds to be used at a later date to procure a similar item? A. Trade in B. Negotiated sale C. Exchange sale D. Fixed-price sale Correct Answer: