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BOMI International RPA Capstone Experience Sample Questions:

1. What is the BEST way to identify loss exposures related to a building's mechanical, electrical, and plumbing systems?

A) Physical property inspection
B) Security inspection
C) Deed inspection
D) Legal document inspection

2. In addition to standard commercial liability insurance, a lease requires auto coverage for tenant-owned vehicles that are parked on the property. Which document describes how the auto insurance will be added to the commercial liability coverage?
Options:

A) Insurance binder
B) Claim
C) Endorsement
D) Certificate of insurance (COI)

3. Which of the following would be the most effective risk management tool for mitigating potential injury claims in a multi-tenant office building?

A) Requiring all tenants to purchase their own liability insurance.
B) Conducting monthly safety inspections and addressing any hazards immediately.
C) Ensuring that the building's insurance policy covers liability for tenant injuries.
D) Reducing the cost of maintenance services to cut expenses.

4. A property manager is looking to select an elevator service contractor. The property manager is concerned with needing emergency maintenance on weekends. Which assessment criteria would the property manager need to further consider in the selection process?

A) Technical expertise
B) Sufficient workforce
C) Facility inventory
D) Financial soundness

5. 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.

Solutions: