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BOMI International RPA Capstone Experience Sample Questions:

1. A building owner and general contractor sign a contract to build an addition to a retail shopping center. Both parties agree to include a provision that specifies an amount of money to be paid by one party that is in material breach to the other party. This provision is often used when the sum of damages is difficult to predict in advance of contract execution. What is this provision called?

A) Consequential damages
B) Liquidated damages
C) Restitution
D) Expectation damages

2. The property manager has been tasked to prepare next year's budget by the asset manager.
This is the first assignment given since the acquisition, and the only available information is from the due diligence material described.
Which is the MOST appropriate action for the property manager to take?

A) Update budgets from prior year.
B) Obtain the partnership's pro forma budget.
C) Prepare a draft budget to show knowledge of the local market.
D) Determine the partnership's goals, including the expected holding period.

3. A building manager for a large financial center is tasked with procuring a full elevator maintenance contract.
Which of the following statementsBESTdescribes the purpose of obtaining a full maintenance contract for elevators?

A) To minimize parts and labor costs
B) To prevent elevator problems
C) To share liability in accident claims
D) To maximize budget savings

4. Which of the following is theFIRSTstep in the process of assessing energy performance and setting goals?

A) Benchmarking performance against similar properties
B) Collecting and tracking data
C) Setting a baseline to evaluate future energy use
D) Setting goals for future energy performance

5. 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) Service plan
C) Disaster plan
D) Emergency plan

Solutions: