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BOMI International RPA Capstone Experience Sample Questions (Q96-Q101):
NEW QUESTION # 96
A yoga studio rents a space in a building and their lease is coming to an end. Originally, the studio paid base rent covering all charges owed. However, with the installment of their new showering space, the maintenance and bill has increased significantly. The property manager wants to adjust the rent to cover the increased expenses. Which type of lease wouldBESTsuit this change?
- A. Single-net lease
- B. Gross lease
- C. Triple-net (NNN)
- D. Modified gross lease
Answer: D
Explanation:
Amodified gross leaseallows flexibility by letting landlords shift certain operating expenses (e.g., maintenance, utilities) to tenants while keeping a base rent. It's ideal when expenses increase due to tenant- specific changes like new amenities. This setup benefits both parties and is thebestoption for adapting to increased costs.
NEW QUESTION # 97
When developing a marketing program for a residential or commercial property, analysis of which of the following will beMOSThelpful to determine when the leasing team will engage with potential customers?
- A. Logo design
- B. Base scenario
- C. Market trends
- D. Interaction points
Answer: D
Explanation:
Interaction pointsrefer to the various stages and moments where potential customers come into contact with the leasing team or marketing materials (e.g., website visits, property tours, phone inquiries). Analyzing these points helps determinewhenandhowengagement occurs, making it the most useful for planning effective marketing and leasing strategies.
NEW QUESTION # 98
Which of the following entities isMOSTlikely to be omitted from a standard property insurance policy?
- A. Mortgagees
- B. Adjacent property owners
- C. The named insured
- D. The property manager
Answer: B
Explanation:
Astandard property insurance policytypically covers thenamed insured(the property owner),mortgagees, andproperty managersif they are added as additional insureds.Adjacent property ownersare less likely to be included in the policy unless specifically added, as they have no direct ownership or stake in the insured property.
NEW QUESTION # 99
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. Expectation damages
- B. Restitution
- C. Consequential damages
- D. Liquidated damages
Answer: D
Explanation:
Liquidated damagesare pre-determined amounts specified in a contract to be paid as compensation if one party breaches the agreement. They are commonly used when actual damages would be hard to quantify in advance, making them a proactive risk management tool in construction and service contracts.
NEW QUESTION # 100
What is the FIRST step in the Plan-Do-Check-Act (PDCA) continuous improvement process as it relates to maintaining compliance with sustainability certifications and related legal requirements?
- A. Assess the effectiveness of the strategy that has been developed and implemented.
- B. Develop a series of steps to mitigate the issue using the certification system or legal compliance.
- C. Apply on a larger scale throughout the building if the implementation has been successful.
- D. Identify an environmental problem in the building that can be mitigated by compliance.
Answer: D
Explanation:
Analysis:
ThePDCA cyclestands for:
* Plan- Identify a problem or opportunity and plan a change.
* Do- Implement the change on a small scale.
* Check- Measure and assess the results.
* Act- If successful, implement on a larger scale or adjust as needed.
So, thefirst stepis toidentify the issuethat needs improvement - in this context, an environmental issue related to compliance.
NEW QUESTION # 101
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