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BOMI International RPA Capstone Experience Sample Questions:

1. A property manager is reviewing the annual operating budget for a commercial office building. The building's budget for energy costs is projected to be $200,000, but actual expenses for the year were $250,000. What action should the property manager take to address this overage?

A) Ignore the overage, as it was within the allowable 10% variance.
B) Reduce the property's reserve fund to cover the additional costs.
C) Report the overage in the monthly financial statement and recommend a review of energy efficiency measures.
D) Reallocate the overage from the building's capital improvements budget.

2. A property manager is tasked with reducing the energy consumption of a commercial building. Which of the following is the most effective first step in achieving this goal?

A) Increase the building's electricity usage to take advantage of economies of scale.
B) Install solar panels on the roof without evaluating current energy use.
C) Ask tenants to lower their use of electricity during peak hours.
D) Perform a comprehensive energy audit and implement cost-effective recommendations.

3. An asset manager has been assigned the task of reviewing lease agreements for a portfolio of buildings that a client may acquire. All buildings are multi-tenant properties with low vacancy rates. What process should the asset manager use to verify tenant lease information and identify lease modifications that may impact acquisition price and transaction risk?

A) Asset management plan
B) Lease abstracting
C) Appraisal
D) Pro forma

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) Restitution
B) Liquidated damages
C) Consequential damages
D) Expectation damages

5. Which of the following is MOST likely categorized as a manager of technical professionals?

A) Head day porter
B) Stand-by elevator mechanic
C) Chief engineer
D) Security director

Solutions: