LATEST CAP-2101-20 EXAM QUESTION | EXAM CAP-2101-20 DISCOUNT

Latest CAP-2101-20 Exam Question | Exam CAP-2101-20 Discount

Latest CAP-2101-20 Exam Question | Exam CAP-2101-20 Discount

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BOMI International RPA Capstone Experience Sample Questions (Q54-Q59):

NEW QUESTION # 54
A property manager is performing a risk assessment of a business continuity plan. What type of plan is a business continuity plan?

  • A. Backup plan
  • B. Disaster plan
  • C. Emergency plan
  • D. Service plan

Answer: B

Explanation:
Abusiness continuity planis a type ofdisaster plandesigned to ensure that essential business functions can continue during and after a major disruption (such as a natural disaster or system failure). It focuses on minimizing downtime and maintaining operations.


NEW QUESTION # 55
An investment firm has hired a third-party property manager to oversee a multi-tenant building with many tenants who are delinquent in payingrent. Which of the following strategies is MOST important to ensure successful revenue collection from tenants?

  • A. Advising the investment firm that the role of a property manager does not include rent collection
  • B. Uniform collection policy and persistent collection efforts by the property manager
  • C. Custom collection policy tailored to each tenant and periodic emails from the property manager
  • D. Referring all collections efforts to legal counsel before contacting each tenant

Answer: B


NEW QUESTION # 56
Which of the following is theMOSTfundamental requirement for developing the annual property budget?

  • A. Reviewing all leases to ensure accurate revenue input
  • B. Choosing between the cash and accrual method
  • C. Using a zero-based budget approach
  • 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 # 57
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. Expense
  • B. Accrual
  • C. Variance
  • D. Audit

Answer: C

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 # 58
A property manager was recently hired to oversee a portfolio of properties. The property manager would like to become familiar with the terms of the leases and is reviewing the lease abstracts for this information. The previous property manager is a former colleague and someone who the current property manager knows quite well. What is best practice when assuming the role of a property manager to determine theMOSTaccurate lease terms?

  • A. Compare the lease to the budget.
  • B. Compare the lease abstract to the lease.
  • C. Compare the lease abstract to the rent roll.
  • D. Compare the rent roll to the tenant rent invoice.

Answer: B

Explanation:
The best practice for determining the most accurate lease terms is to compare thelease abstractto thelease itself, as it will provide the most direct and accurate information.


NEW QUESTION # 59
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