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BOMI International RPA Capstone Experience Sample Questions (Q66-Q71):

NEW QUESTION # 66
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. High-output ballast
B. Energy-efficient ballast
C. Standard ballast
D. Instant-start ballast

Answer: C

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 # 67
A property manager is determining how much to lease their newly vacant space for. The manager has compiled data from neighboring buildings about their rents, vacancy, amenities, and absorption. The manager should use this data to create what kind of report?

A. Property assessment
B. Logistics assessment
C. Market comparable
D. Building analysis

Answer: C

Explanation:
Amarket comparablereport (or "comps") analyzes similar properties in the area to determine appropriate rental rates and leasing terms. By comparing rents, vacancy rates, amenities, and absorption, the property manager can make informed decisions based on local market conditions.

NEW QUESTION # 68
A yoga studio rents a space in a building and their lease is coming to an end. Originally, the studio paid base rent covering all charges owed. However, with the installment of their new showering space, the maintenance and bill has increased significantly. The property manager wants to adjust the rent to cover the increased expenses. Which type of lease wouldBESTsuit this change?

A. Gross lease
B. Single-net lease
C. Modified gross lease
D. Triple-net (NNN)

Answer: C

Explanation:
Amodified gross leaseallows flexibility by letting landlords shift certain operating expenses (e.g., maintenance, utilities) to tenants while keeping a base rent. It's ideal when expenses increase due to tenant- specific changes like new amenities. This setup benefits both parties and is thebestoption for adapting to increased costs.

NEW QUESTION # 69
A property manager has planned and budgeted a chiller teardown for a medical office building. The work was scheduled to be completed in March. Due to a long lead time for parts, the work was not completed until May.
The property manager will need to calculate the difference between actual and budgeted costs and report this information to the building owner. What is this called?

A. Accrual
B. Variance
C. Audit
D. Expense

Answer: B

Explanation:
Avarianceis the difference between what wasbudgetedand what wasactually spent or incurred. In this case, the property manager must report thevariancein costs and timing due to the delay, which is key in financial and performance reporting.

NEW QUESTION # 70
Which of the following is theMOSTfundamental requirement for developing the annual property budget?

A. Using a zero-based budget approach
B. Choosing between the cash and accrual method
C. Reviewing all leases to ensure accurate revenue input
D. Understanding the owner's long-term and short-term objectives

Answer: D

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 # 71
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