CMCP Quiz Questions with Complete Solutions

CMCP Quiz Questions with Complete Solutions Quiz 1 Question 1: The three summary accounts represented in the fundamental accounting equations are: Assets = liability + owner's equity Quiz 1 Question 2: Jim tells a friend that some of the job functions he performs include acquiring property, paying for it, and reporting on what is acquired. These functions are a part of the _____ cycle Expenditure Quiz 1 Question 3: A company's abilities can be demonstrated by which three basic financial ratios listed below? (Select 3) EARNING POWER, SOLVENCY & LIQUIDITY Quiz 1 Question 4: Which financial statement shows revenues earned and expenses incurred in earning those revenues, resulting in net income or net loss for the period? INCOME STATEMENT Quiz 1 Question 5: When considering the importance of sustainability, which of the following are megatrends to shaping the 21st century? Select 6 1. INCREASED VOLATILITY IN ENERGY RESERVES, 2. CHANGING DISEASE VECTORS, 3. WATER SECURITY, 4. GREENHOUSE GAS (GHG) POLLUTION, 5. BIODIVERSTIY LOSSES AFFECTING THE NATURAL FOOD CYCLE, 6. ACCELERATED POPULATION GROWTH. Quiz 1 Question 6: A program developer must consider social and environmental returns that enhance ROI for a stronger overall investment. Match each issue a program developer must consider to its description: HUMAN: FUNCTION, SOCIAL, PHYSICAL, PHYSIOLOGICAL, AND PSYCHOLOGICAL ENVIRONMENTAL: SITE CHARACTERISTICS, CLIMATE, CONTEXT, RESOURCES, WASTE MANAGEMENT & SUSTAINABILITY CULTURAL: HISTORICAL, INSTITUTIONAL, POLITICAL & LEGAL TECHNOLOGICAL: MATERIALS, SYSTEMS & PROCESSES TIME: GROWTH, CHANCE, & PERMANENCE ECONOMIC: FINANCE, CONSTRUCTION, OPERATIONS, MAINTENANCE & ENERGY AESTHETIC: FORM, SPACE, COLOR & MEANING SAFETY: STRUCTURAL, FIRE, CHEMICAL, PERSONAL & CRIMINAL Quiz 2 Question 1: Which lease type has tenants paying only base rent, and the landlord paying for all expenses of the property operations? GROSS LEASE Quiz 2 Question 2: Which of the following is a document that graphically displays each floor of a multistory, multi-tenant building; displays how space is allocated among tenants; and shows which suites are vacant, indicating scheduled expiration dates of tenant leases? STACKING PLAN Quiz 2 Question 3: In the monthly reporting of revenue, the cutoff date--usually the 25th of each month--provides enough time for categorizing, verifying, and transferring data from the ________ to the general ledger and, ultimately, to the monthly financial statement reports. CASH RECEIPTS JOURNAL Quiz 2 Question 4: Lease termination can occur in any number of ways and trigger different rights and liabilities. Types of termination include all of the following except for: -surrender and abandonment -breach of lease -constructive eviction -a higher paying tenant A HIGHER PAYING TENANT