CEFPEXAM REVIEW QUESTIONS WITH
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CORRECT ANSWERS 2026/2027
b b b
1. The method for calculating maintenance funding for new facilities through the
b b b b b b b b b b
application of reinvestment rate funding involves dollars as a percentage of: - CORRECT
b b b b b b b b b b b b
ANSWER -building value
b b b
2. The board of trustees has asked for a report on the facility renewal backlog. The facilities
b b b b b b b b b b b b b b b
professional has chosen to use the Facilities Condition Index (FCI) to organize the list of
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buildings. How is FCI calculated? - CORRECT ANSWER -DM divided by CRV
b b b b b b b b b b b b
3. Which is a basic component of solid waste disposal? - CORRECT ANSWER -Collecting and
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transporting waste from storage locations to disposal destinations
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4. What ratio determines the Maintenance Reinvestment Rate (MRR) of an institution? -
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CORRECT ANSWER -Maintenance and repair costs divided by current replacement value
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5. An institution's strategic capital development model reviews facilities' quality under
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what conditions? - CORRECT ANSWER -As part of the needs assessment stage
b b b b b b b b b b b b
6. The insurance company has asked for the current replacement value (CRV) of the
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campus. How would the CRV be calculated? - CORRECT ANSWER -GSF multiplied by
b b b b b b b b b b b b b
replacement cost
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7. The Strategic Capital Development Model focuses on: - CORRECT ANSWER -a
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comprehensive approach concerning the facility portfolio.
b b b b b b
8. Campus financial equilibrium can be achieved when: - CORRECT ANSWER -
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current revenue equals or is greater than current expenditures
b b b b b b b b b
b b b b
CORRECT ANSWERS 2026/2027
b b b
1. The method for calculating maintenance funding for new facilities through the
b b b b b b b b b b
application of reinvestment rate funding involves dollars as a percentage of: - CORRECT
b b b b b b b b b b b b
ANSWER -building value
b b b
2. The board of trustees has asked for a report on the facility renewal backlog. The facilities
b b b b b b b b b b b b b b b
professional has chosen to use the Facilities Condition Index (FCI) to organize the list of
b b b b b b b b b b b b b b b
buildings. How is FCI calculated? - CORRECT ANSWER -DM divided by CRV
b b b b b b b b b b b b
3. Which is a basic component of solid waste disposal? - CORRECT ANSWER -Collecting and
b b b b b b b b b b b b b
transporting waste from storage locations to disposal destinations
b b b b b b b b
4. What ratio determines the Maintenance Reinvestment Rate (MRR) of an institution? -
b b b b b b b b b b b
CORRECT ANSWER -Maintenance and repair costs divided by current replacement value
b b b b b b b b b b b
5. An institution's strategic capital development model reviews facilities' quality under
b b b b b b b b b
what conditions? - CORRECT ANSWER -As part of the needs assessment stage
b b b b b b b b b b b b
6. The insurance company has asked for the current replacement value (CRV) of the
b b b b b b b b b b b b
campus. How would the CRV be calculated? - CORRECT ANSWER -GSF multiplied by
b b b b b b b b b b b b b
replacement cost
b b
7. The Strategic Capital Development Model focuses on: - CORRECT ANSWER -a
b b b b b b b b b b
comprehensive approach concerning the facility portfolio.
b b b b b b
8. Campus financial equilibrium can be achieved when: - CORRECT ANSWER -
b b b b b b b b b b
current revenue equals or is greater than current expenditures
b b b b b b b b b
