Question 1

Office properties can best be quality ranked by obtaining a(n) ___________________ designation.

b. Energy star label

a. Class A, Class B or Class C

d. All of the above

c. LEED certified, silver, gold or platinum

e. By a and c

Question 2

The Bureau of Labor Statistics ____________________.

D. Both A and C

B. points out the most facility managers lack a degree and instead rely on job experience to advance in the field

C. states that competency-based certifications can give a job candidate an advantage when seeking employment

A. points out that most facility managers have a degree in engineering, architecture, business administration or construction management

Question 3

In addition to being a high position in the hierarchy of property management, the title Portfolio Manager is also a name given to_________________.

A. a free software program provided by the U.S. EPA that can help a FM in managing a building's energy and water consumption, and can estimate a building's carbon footprint

B. a free software program provided by the U.S. EPA that can help a FM manage the hazardous waste produced at several properties

C. a suite of commercial management software that covers leasing, facility management and architectural design

D. a program provided to government and commercial facilities to reduce carbon emissions through more effective combustion control

Question 4

The most important factor for any maintenance system to be effective is ___________________.

A. computer hardware

B. an accurate equipment inventory

C. a computer program

D. barcode tags

Question 5

In __________________ preventive maintenance methodology _________________________.

C. the maintenance team approach.....groups of maintenance personnel handle the preventive maintenance needs of a specific building at a property

B. the maintenance team approach.....groups of maintenance personnel are formed into a maintenance team that travels from facility to facility to perform preventive maintenance

A. zone maintenance..... groups of maintenance personnel are given the entire facility to maintain

D. Both A and C

Question 6

A project manager who is bidding out a contract receives a total price for all the work that is to be done. To assure that the price is accurate and represent the best dollar amount the manager may ask for a ______________________ of the individual items that make up the contract.

C. list of bid specifications

D. List of long lead items

A. cost breakdown

B. list of approved equals

Question 7

In conjunction with a pre-bid conference a ________________ may be held to give the bidding contractor information as to the actual conditions that exist where the work will be performed

A project review

B contract review

C. walk-through

D construction document review

Question 8

______________ is only valid when budgeted amounts are available from the prior year's budget.

A zero-based budget

B vendor data budget

C percentage budget

D formula based budget

Question 9

A re-roofing project in the capital budget would be categorized as _____________.

operational maintenance

building remodeling

major maintenance

common area maintenance

Question 10

Miscoding charges against an account ______________.

A is a common practice at universities due to the large number of accounts

B. is a way to utilize funds that would otherwise be lost

C is illegal

D is a poor practice because it hides the fact when an account is under or over budget, and provides faulty budget data which may be mistakenly used in subsequent years to develop new budgets

Question 11

The BREEAM assessment method with a rating system that covers a building's sustainability design and environmental criteria was developed in the UK and eventually led to which rating system in the US?

A EPA Guidelines

B LEED

C Energy Star Label

D Green Star

E Green Globes

Question 12

Green initiatives have led Facility Managers to the point of green project execution. After a green initiative is provided at a facility the initial ROI (return on investment) may go down, but could provide future cost savings and improved leasing income. If a property costs $20,000,000 and generates $2,000,000/year in rental income, the property has a return of 10 percent. If the same property after spending $4,000,000 for green initiatives can generate $2,000,000/year in rent, it will now have a ROI of:

A 8.3 percent

B 10 percent

C None of the above

D 20 percent

E 9.9 percent

Question 13

Material Adverse Facts contained in a PCS report must be_________________. This can be done by making the report(s) available to the purchaser for their review.

D. Both B and C

B. disclosed to the local zoning board

C. repaired by the purchaser of the property as required by law.

A. disclosed to a purchaser of the property during the property sale process