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Exam (elaborations)

Mpsa & Cpm Exam Prep Tutorial Questions With Complete Answers

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MPSA & CPM EXAM PREP TUTORIAL QUESTIONS WITH COMPLETE ANSWERS

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A management plan consists of two types of midstream analyses:
1.
2.


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1. As Is Analysis
2. Alternative Analysis

,Define:
Amount of space available in the market


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Supply




Your client is considering purchasing another building in the market. It is expected to
generate an income of $150,000 per year. After 5 years, the building can be sold for
$1,750,000. Similar investments provide a 10% rate of return. How much should be paid
for this building to obtain a 10% return? (Round to the nearest dollar)


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$1,655,230




A(n) __________ clause requires the insured to maintain insurance at least equal to a
stipulated percentage of the replacement cost of the property in order to collect
partial losses in full.


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Co-insurance




Match the example to the risk management strategy presented:
Providing bright lighting in all parking areas


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, Control




The right of on insurance company to pursue another party which is believes is
rightfully responsible for a claim is called:


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Subrogation




Define:
Occupancy rate at which rents are just sufficient to cover expenses and debt service


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Break-Even Point




Which of the following is the most accurate description of a budget?


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A statement itemizing the projection of income and expenses over a
specific period for a particular property




Which law curbs identity theft by governing the use of credit reports and personal
data?

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