NAVSUP P-485 CHAPTER 8

Question 1

-TITLE 10 U.S. CODE, SECTION 7221 AUTHORIZES THE SECNAV TO ACCEPT AND CARE FOR GIFTS OF SILVER AND OTHER VALUABLE ARTICLES PRESENTED TO THE UNITED STATES SHIPS BY STATES, MUNICIPALITIES, ORGANIZATIONS, INDIVIDUALS, OR OTHER SOURCES, AND IS THE BASIC AUTHORITY TO EXPEND OPERATIONAL FUNDS TO CARE FOR SUCH GIFTS.

Answer 1

PRESENTATION SILVER

Question 2

PRESENTATION SILVER MAY CONSIST OF A SINGLE LINE ITEM

Answer 2

PRESENTATION SILVER MAY CONSIST OF A SINGLE LINE ITEM, E.G., A BOWL, A TRAY, A CANDELABRA, OR A GROUP OF ITEMS; E.G., PUNCH BOWL SET, TEA SET, DINNER SERVICE.

Question 3

PRESENTATION SILVER IS THE PROPERTY OF THE U.S. NAVY AND CONNOT BE LOANED OR RETURNED TO ANYONE WITHOUT PRIOR NAVSUP AND CNO APPROVAL.

Answer 3

PRESENTATION SILVER IS THE PROPERTY OF THE U.S. NAVY AND CONNOT BE LOANED OR RETURNED TO ANYONE WITHOUT PRIOR NAVSUP AND CNO APPROVAL.

Question 4

ONLY THE ____ CAN ACCEPT GIFTS OF A VALUE IN EXCESS OF $60,000

Answer 4

SECNAV

Question 5

GIFTS OF A VALUE OF HOW MUCH: CNO; VCNO; AND DIRECTOR NAVY STAFF (DNS)

Answer 5

$60,000 OR LESS:

Question 6

GIFTS OF A VALUE AT LESS THAN $12,000

Answer 6

COMMANDER, NAVSUP

Question 7

PRESENTATION SILVER INVENTORIES

-$90,000 OR MORE

Answer 7

REQUIRES AN ANNUAL INVENTORY

Question 8

PRESENTATION SILVER INVENTORIES

-$90,000 OR BELOW

Answer 8

REQUIRES AN BIENNIAL INVENTORY (SUBMITTED IN EACH ODD YEAR)

Question 9

PRESENTATION SILVER INVENTORIES

ALL SHORE LOCATIONS AND FLC’S

Answer 9

PROVIDE AN ANNUAL INVENTORY REPORT REGARDLESS OF DOLLAR VALUE

Question 10

PRESENTATION SILVER INVENTORIES

ALL INVENTORY REPORTS WILL BE SUBMITTED TO

Answer 10

COMMANDER, NAVSUP

Question 11

PRESENTATION SILVER INVENTORIES

ALL INVENTORY REPORTS MUST BE SUBMITTED BY MAIL OR EMAIL, ANNUALLY NO LATER THAN ___?

Answer 11

NO LATER THAN 20 MARCH.

Question 12

AN INVENTORY AFTER RECEIPT OF NEW SILVER IS REQUIRED TO BE SENT TO NAVSUP WITHIN HOW MANY DAYS?

Answer 12

60 DAYS

Question 13

ONLY NAVSUP HAS THE AUTHORITY TO REASSIGN SILVER

Answer 13

ONLY NAVSUP HAS THE AUTHORITY TO REASSIGN SILVER

Question 14

PRESENTATION SILVER RECEIVED BY A SHIP AS A GIFT IS CLASSIFIED AS _____

Answer 14

NAMESAKE SILVER

NAMESAKE SILVER IS ASSIGNED TO A SHIP FOR AS LONG AS THAT SHIP REMAINS IN COMMISSION

Question 15

AFTER RECEIPT OF NEW SILVER, WHAT MUST BE DONE TO DETERMINE THE VALUE OF THE SILVER

Answer 15

AN APPRAISAL MUST BE PROMPTLY COMPLETED

ASSISTANCE IN OBTAINING THE APPRAISAL MAY BE OBTAINED THROUGH NAVSUP FLC CONTRACTING OR PIERSIDE PROCUREMENT

Question 16

IT IS STRONGLY RECOMMENDED THAT SILVER BE APPRAISED HOW OFTEN.

Answer 16

EVERY 5 YEARS

APPRAISAL COST ARE CHARGEABLE TO THE SHIPS OPTAR

A COPY OF THE COMPLETED APPRAISAL WILL BE PROVIDED TO NAVSUP UPON COMPLETION OF THE APPRAISAL