BOMI- Budgeting and Accounting All Possible Questions and Answers with complete solution

- Chapter 1- older version -what are the services required, which can be eliminated, what needs to be added, has occupancy changed , what's include din lease agreements - then determine upcoming contracts for the next year . As property manager, Rudy approves invoices for payment, but he knows that some invoices, such as an invoice for ..blank.., will require approval from the owners. - a. new carpeting for a 20,000-square-foot unit b. one new desk chair for the management office c. salt for treating the parking lot before impending snow d fire extinguisher inspection services. . If Zelda uses the BOMA Chart of Accounts, she should understand that the level that reflects the functional categories of building operations is the ..blank..level. - a. first b. second c. third d. fourth . Sheila works hard to ensure that spaces are vacant for as little time as possible. She also makes sure that the expense caps written into the leases are generally higher than what the tenants may prefer. Both of these efforts help to lessen the difference - between recoverable operating expenses and actual operating expenses. This difference is known as: a. attenuation. b. drawdown. c. liability. d. slippage.. While Kevin is satisfied with the quality of the service provided by the cleaning ven-dors, he is concerned about the cost. He therefore is going to submit RFPs to various cleaning vendors. It is generally recommended that RFPs be delivered to no more than - vendors to ensure proper consideration. a. one or two b. three to five c. six to eight d. nine to 12 "Janet, your main job function for the next few months will be to record and classify transactions" says Harold. "In other words, you will be performing the process of..Blank.. a. accounting b. bookkeeping c. budgeting d. financing - b. bookkeeping (Fill in the blank) Property and facility managers should have a (an)_________ system to remind them of key deadlines and filing dates. a) management b) audit trail c) delinquency d) tickler - d) tickler