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USN Forklift Practice Test

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Which form corresponds to the Collateral inventory?
Correct Answer:
CB-60
Explanation:
Collateral inventory requires a dedicated record to track items pledged as security, including details like description, serial/asset number, quantity, location, custodian, and condition. The CB-60 form is the Navy/DoD designation for listing each collateral item, providing a clear, auditable record of what is being held as collateral and where it is. This focused approach helps ensure accountability and makes audits and verification straightforward. Other forms are used for different purposes—requisitioning, receiving, or general property records—so they don’t specifically serve the function of documenting collateral inventory.

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