Please answer the below questions

Q-1 What type of contract typically solicits multiple bids and tries to move all risk to the contractor?

1. Time and materials
2. Cost reimbursement
3. Fixed price
4. Open book

Q-2 What characteristic is true of deprecation?

1. Depreciation is only applied against land.
2. Only facilities are depreciated.
3. Depreciation is the only expense where money is not paid out.
4. Once an asset is fully depreciated, the organization should replace it

Q-3 Assume that you have just taken on administration of a contract negotiated by others. What can you do to enhance chances of a successful outcome?

1. Delegate the administration of the contract to a subordinate who was involved in the contract from the outset.
2. Read the contract and ask the contractor to meet with you to discuss any terms or conditions that you do not agree with.
3. Notify the contractor that you are now administering the contract and renegotiate terms to meet your requirements.
4. Become familiar with the terms, conditions, and information about any issues that occurred during procurement and negotiation.

Q-4 One budgeting approach is for top management to set the facility management budget. The goal is to reflect the organization's strategic objectives and control the decisions. What type of approach is this?

1. Flexible budgeting.
2. Authoritative budgeting
3. Zero-based budgeting
4. Participative budgeting

Q-5 What happens at the end of binding mediation in a construction dispute when there are one or more disputed items that remain unresolved?

1. Either party may escalate the unresolved items to litigation.
2. Either party can request a new mediator.
3. The mediator must help the parties renegotiate the contract.
4. The mediator renders a final and binding decision on those items

Q-6 What do asset management ratios indicate about an organization?

1. The target performance benchmark.
2. The relative mix of debt and equity financing.
3. How well resources are used to generate revenue.
4. Management's ability to control expenses in relation to sales.

Q-7 Which section of the cash-flow statement reports information on the purchases of new air conditioning equipment?

1. Operating activities
2. Financing activities
3. Supplemental information
4. Investing activities

Q-8 What information should not be included in a business case?

1. The key assumptions behind the initiative.
2. An explanation of why the initiative is necessary and recommendations.
3. Financial and non-financial analysis results.
4. A deadline for when the business case must be reviewed and approved or denied

Q-9 Which type of budget requires a facility manager to perform an in-depth analysis of all line items and meticulously justify all expenditures?

1. Zero-based budget
2. Incremental budget
3. Operational budget
4. Capital budget

Q-10 Which activity does not provide reasonable cost containment opportunities for facility management?

1. Invest in productivity improvements
2. Sale of vacant property
3. As contracts expire, bring all outsourced services in-house
4. Analyze risk sharing with vendors

Q-11 What is generally true in an authoritative budget approach?

1. Utilizes the informed expertise of subject matter experts.
2. Facility manager makes the line item decisions in the budget.
3. Line item decisions are negotiated between senior management and facility management (FM).
4. Line item budgets are dictated from senior management.

Q-12 The Chief Financial Officer (CFO) of the demand organization asks for a list of the items you track in your accounting system. Which financial document is the Chief Financial Officer (CFO) referring to?

1. Balance sheet.
2. Capital budget.
3. Chart of accounts.
4. Financial statement.

Q-13 A new piece of equipment is purchased for 15,000 (SGD Singapore Dollars). The expected lifetime of the asset is five years. Which depreciation method depreciates exactly 3,000 SGD each year?

1. Modified Accelerated Cost Recovery System (MACRS)
2. Activity method
3. Accelerated depreciation
4. Straight-line

Q-14 A facility manager is applying the concept of best value in assessing different vendor proposals for the cafeteria and vending areas in a property. Which evaluation criteria for the sourcing decision exemplifies best value?

1. Hard and soft measures and a comparison of all costs with required quality
2. Strict adherence to customary practices and procedures for outsourcing common support area services
3. Anticipated retention of existing tenants and attractiveness to prospective clients
4. The inclusion of non-discriminatory specifications and a transparent, open bidding process

Q-15 A facility manager submits a request for building management to repair a broken window in their new space. What type of cost is this?

1. Opportunity cost
2. Direct cost
3. Fixed cost
4. Indirect cost

Q-16 Multiple suppliers bid on a contract for construction services. The suppliers' qualifications and experience will be assessed, and they will be rated against a minimum passing score. Which is a logical selection criterion?

1. Single source
2. Evaluated bid
3. Lowest responsive bid
4. Unique service