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BOMI International RPA Capstone Experience Sample Questions:
1. A property manager is using multiple approaches to develop a capital plan. The property manager is considering replacement of existing equipment, repair of building components, and building upgrades. Which is theMOSTcomprehensive approach to this task?
A) Depreciation analysis
B) Asset allocation
C) Lifecycle costing (LCC)
D) Net present value (NPV)
2. Which of the requested renovations is categorized as tenant improvements?
A) Lobby
B) Restrooms
C) Access control system
D) Windows
3. A tenant has filed a claim against a property management company's architect, alleging financial loss suffered as a result of non-performance on a space design contract. Which of the following insurance policiesBEST protects the architect from this claim?
A) Employee benefits liability insurance
B) Fiduciary liability insurance
C) Employment practices liability insurance
D) Professional liability insurance
4. A building owner and general contractor sign a contract to build an addition to a retail shopping center. Both parties agree to include a provision that specifies an amount of money to be paid by one party that is in material breach to the other party. This provision is often used when the sum of damages is difficult to predict in advance of contract execution. What is this provision called?
A) Expectation damages
B) Restitution
C) Consequential damages
D) Liquidated damages
5. A tenant in a multi-tenant office building is requesting a reduction in rent due to financial hardships. The tenant has been leasing space in the building for five years. Which of the following is the most appropriate first step for the property manager to take?
A) Agree to the rent reduction immediately, as tenant retention is a priority.
B) Consult the building's owner and review the lease agreement before responding to the tenant.
C) Offer to reduce rent by 50% as a short-term solution to keep the tenant.
D) Suggest that the tenant vacate and find a more affordable space.
Solutions:
Question # 1 Answer: C | Question # 2 Answer: C | Question # 3 Answer: D | Question # 4 Answer: D | Question # 5 Answer: B |