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Exam (elaborations)

FI 334 EXAM QUESTIONS WITH VERIFIED ANSWERS

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FI 334 EXAM QUESTIONS WITH VERIFIED ANSWERS...

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FI 334
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Institution
FI 334
Course
FI 334

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Uploaded on
January 19, 2025
Number of pages
7
Written in
2024/2025
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Exam (elaborations)
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What are four ways maintenance can be categorized? - ANSWER Custodial,
corrective, preventive, differed


Why is it actually easier to develop an equipment maintenance schedule for a
new property than an older one? - ANSWER New property has a complete set
of manuals/recommendations for servicing


All property personnel and tenants should be drilled routinely on how to
summon a fire department/evacuate. - ANSWER True


What is the most effective means of pest control? - ANSWER Eliminate their
food source


According to the U.S. Environmental Protection Agency (EPA), all asbestos
found must be removed within one year of its discovery. - ANSWER False


Indoor air quality can be problematic for office buildings because enclosed
HVAC creates poor air-conditioning - ANSWER True


Site manager receives complaints of a lack of hot water between 6-8am. What is
the best first step? - ANSWER Check insulation around boilers/ask residents
to check leaks


Example of simple energy conservation strategy: replace fluorescent lamps with
incandescent. - ANSWER False

, Precise specifications should be drafted before a contractor is hired for a job.
Specific info should include: - ANSWER Description of work, materials
required, time constraints.


What form is used to identify specific maintenance or repair work that is to be
done? - ANSWER Work order


Management tool used for monitoring inventory levels and assuming adequate
supplies of part: - ANSWER Purchase order


Because of sensitivity about negative connotations, managers refer to apartment
tenants as residents. - ANSWER True


Which of the following is a definition of government-assisted housing? -
ANSWER Landlord receives a part of rent payment from a government agency


When qualifying tenants, which of the following does a manager need NOT
find out? - ANSWER Whether prospect needs a parking space


Fair Housing Amendments Act of 1988 added which of the following as
"protected classes"? - ANSWER Familial status and disability


What are the federal acts that prohibit discrimination in housing? - ANSWER
Fair Housing Act of 1988 and Fair Housing Amendments Act of 1988


A residential lease is sometimes called: - ANSWER Occupancy agreement

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