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BOMI International RPA Capstone Experience Sample Questions (Q33-Q38):
NEW QUESTION # 33
The property manager has been tasked to prepare next year's budget by the asset manager.
This is the first assignment given since the acquisition, and the only available information is from the due diligence material described.
Which is the MOST appropriate action for the property manager to take?
Answer: B
Explanation:
Why Option B is better:
"Determine the partnership's goals, including the expected holding period"
* This ensures thebudget reflects the new owner's intentions(e.g., capital improvement plans, lease-up strategy, target NOI).
* Theholding periodwill influence decisions like capital investments, lease structures, and operating expenses.
* It provides thestrategic directionneeded to create a relevant and accurate budget - not just a recycled one.
NEW QUESTION # 34
Which of the following is theMOSTfundamental requirement for developing the annual property budget?
Answer: A
Explanation:
Themost fundamentalstep in developing an annual property budget is to understand theowner's goals and objectives. These priorities guide all financial planning decisions, including budgeting for expenses, capital improvements, and revenue strategies. Without this understanding, the budget may misalign with ownership's expectations.
NEW QUESTION # 35
Which of the following is considered a "controllable" operating expense?
Answer: A
Explanation:
Acontrollable operating expenserefers to costs that a property manager has the ability to influence or control.
Vendor contractsfall into this category because a property manager can negotiate rates or change service providers. On the other hand, property insurance, energy costs, and property taxes are typically less controllable.
NEW QUESTION # 36
Which environmental and sustainability protocols are institutional owners of Class A buildingsMOSTlikely to seek?
Answer: B
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 # 37
The results from a real estate company's annual employee satisfaction survey suggest that workers are dissatisfied with organizational culture, performance recognition, and management's approach to communication. Management is considering strategies to solicit employee input by holding meetings with no agenda, no directive leadership patterns, and no power or status positions. Which of the following organizational development (OD) strategiesMOSTclosely aligns with these guidelines?
Answer: D
Explanation:
Sensitivity trainingis designed to increase awareness of interpersonal relationships, group dynamics, and workplace communication. It often takes place in informal settings with no set agenda or hierarchical leadership-fostering openness, empathy, and mutual respect, which aligns directly with the strategy described.
NEW QUESTION # 38
......
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