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BOMI International RPA Capstone Experience Sample Questions (Q128-Q133):
NEW QUESTION # 128
Property managers work under the direction of an asset manager. Which of the following is the core task of every asset manager?
- A. Assembly of a property team
- B. Identification of capital sources
- C. Determination of highest and best use
- D. Preservation and creation of value
Answer: D
Explanation:
The core task of an asset manager is topreserve and create valuefor the property or investment. This involves strategic management, increasing property value, optimizing income, and ensuring long-term profitability, which is the essence of asset management.
NEW QUESTION # 129
A property manager is reporting on monthly variances to the asset manager of an office building. The annual budget for custodial expenses is $660,000. Lastmonth, custodial expenses were $61,000. What is the variance against the budget?
- A. Negative variance of $599,000
- B. Positive variance of $6,000
- C. Positive variance of $599,000
- D. Negative variance of $6,000
Answer: D
Explanation:
To calculate the variance, first determine the expected monthly custodial expenses based on the annual budget.
Annual budget = $660,000
Monthly budget = $660,000 ÷ 12 = $55,000
Now, compare the actual expenses for the month to the expected budget:
Actual expenses = $61,000
Variance = Actual expenses - Budgeted expenses = $61,000 - $55,000 =$6,000 Since the actual expenses exceed the budget, this is anegative varianceof $6,000.
NEW QUESTION # 130
In 1983 a developer constructed a high-rise office building in the downtown business district. For most high- rise buildings, lighting is a source of significant energy usage. What type of lighting ballast did the developer MOSTlikely install in the building?
- A. Standard ballast
- B. Energy-efficient ballast
- C. High-output ballast
- D. Instant-start ballast
Answer: A
Explanation:
In1983, energy efficiency was not a primary focus in building construction, and standard building practices typically involved the use ofstandard ballasts. These were the most common at the time before the widespread adoption of more efficient options like electronic or energy-efficient ballasts.
NEW QUESTION # 131
Which type of report should a property manager use to compare monthly revenue and expenses against budget?
- A. Cash flow report
- B. Cost recovery report
- C. Annual operating budget
- D. Variance report
Answer: D
Explanation:
Analysis:
* A. Annual operating budget:This sets the expectations but doesnot track actuals vs. budget.
* B. Cash flow report:Shows income and expenses, butnot in comparison to budgeted figures.
* C. Cost recovery report:Focuses onrecoverable expenses(like CAM), not budget tracking.
* D. Variance report:#Specifically designed tocompare actual revenue/expenses to budget, highlightingover- or under-performance.
NEW QUESTION # 132
Which environmental and sustainability protocols are institutional owners of Class A buildingsMOSTlikely to seek?
- A. Local and state building codes
- B. BOMA 360 and Building Research Establishment Environmental Assessment Method (BREEAM)
- C. Leadership in Energy and Environmental Design (LEED) and Energy Star
- D. FitWel and Green Globes
Answer: C
Explanation:
Institutional owners ofClass A buildingstypically pursueprestigious and globally recognized certifications to demonstrate their commitment to sustainability, energy efficiency, and tenant health.LEEDandEnergy Star are the most commonly sought certifications in this category:
* LEEDis an internationally recognized green building certification system.
* Energy Staris a government-backed program for energy efficiency.
These certifications add value, improve marketability, and often lead to operational cost savings.
NEW QUESTION # 133
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