Updated: Jul 04, 2026
No. of Questions: 130 Questions & Answers with Testing Engine
Download Limit: Unlimited
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1. Current expenses on the property are $1,700,000.
The most recent Experience Exchange Report (EER) for similar properties in the market showsaverage expenses of $10.00 per square foot.
What percent are the expensesbelow the market average?
A) 17.65 percent
B) 0.85 percent
C) 15 percent
D) 1.50 percent
2. A component has malfunctioned after the final commissioning of a new chiller. The warranty is located, and the property manager confirms the part is covered. This part is critical and requires immediate replacement.
Where is the warrantyMOSTlikely to be stored for easy reference?
A) Technical library
B) Mechanical engineer's office
C) Building engineer's office
D) Management office
3. A building owner is preparing space for a new tenant and has selected a preferred contractor. The property manager received an estimate for the construction, agreed on the overhead and profit, and settled on a construction cost. WhichBESTdescribes the process followed?
A) Competitive bid
B) Negotiated proposal
C) Single source
D) Request for proposal (RFP)
4. A property manager is performing a risk assessment of a business continuity plan. What type of plan is a business continuity plan?
A) Emergency plan
B) Backup plan
C) Service plan
D) Disaster plan
5. An unexpected elevator repair charge was incurred. Due to the unanticipated change in the budget, the information needed to be written directly on the invoice, but it was coded incorrectly. What step in the process isESSENTIALto ensuring that the correct vendor is paid?
A) Reconfirm the vendor number.
B) Enter the invoice into a pending payable file.
C) Use petty cash.
D) Post vendor payments.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: B | Question # 3 Answer: B | Question # 4 Answer: D | Question # 5 Answer: A |
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