Question: Although vinyl composite tile is much cheaper than other tiles, facility owners should not always look at the cheapest option.
Answer Choices:
A. True
B. False
Answer: A – True
Question: Which of the following is a direct cost?
Answer Choices:
A. legal costs
B. marketing costs
C. All of these responses are examples of direct costs.
D. insurance costs
E. subcontractor costs
Answer: C – All of these responses are examples of direct costs.
Question: A zamboni (used for hockey to clean the ice) is an example of:
Answer Choices:
A. furniture
B. equipment
C. All of these responses are correct.
D. a fixture
E. None of these responses are correct.
Answer: B – equipment
Question: Which of the following is NOT considered part of the contract drawings?
Answer Choices:
A. site drawings
B. architectural drawings
C. As-built drawings
D. mechanical drawings
E. electrical drawings
Answer: C – As-built drawings
Question: Which of the following is NOT an example of a foundation material?
Answer Choices:
A. All of these responses are foundation materials.
B. metal
C. cement
D. wood
Answer: D – wood
Question: The modern factory might be made of glass, light steel, plastic, precast and other elements.
Answer Choices:
A. True
B. False
Answer: A – True
Question: Facility managers deal with the same issues regardless of facility size.
Answer Choices:
A. True
B. False
Answer: B – False
Question: Which of the following is NOT a function or discipline of facility management?
Answer Choices:
A. Facility Marketing
B. Capital Management
C. Space Planning
D. Project Management
Answer: A – Facility Marketing
Question: Which of the following are NOT considered customers of a fitness facility?
Answer Choices:
A. children of customers
B. paying customers
C. All of these are considered customers.
D. visiting potential customers
E. personal trainers
Answer: E – personal trainers
Question: Strategic plans are the most detailed plans.
Answer Choices:
A. True
B. False
Answer: B – False
Question: The complexity of a facility manager’s job is greater during which of the following?
Answer Choices:
A. forecasting
B. recovering space
C. budgeting
D. managing maintenance
E. managing people
Answer: D – managing maintenance
Question: It is much cheaper for a building owner to find a new tenant than to keep the same tenant.
Answer Choices:
A. True
B. False
Answer: B – False
Question: Organizing refers to a blend of human resource managed leadership.
Answer Choices:
A. True
B. False
Answer: A – True
Question: Planning can eliminate all workplace disputes because all staff members know what they are responsible for doing.
Answer Choices:
A. True
B. False
Answer: B – False
Question: The key components of the management function are:
Answer Choices:
A. planning, suggesting, improvising, and reevaluating
B. planning, organizing, implementing, and controlling
C. planning, goal setting, implementing, and controlling
D. planning, coordinating, controlling, and managing
E. goal setting, creating a mission statement, implementing, and controlling
Answer: B – planning, organizing, implementing, and controlling
Question: Ratio analysis involves analyzing financial statements to help appraise a firm’s financial position and strength.
Answer Choices:
A. True
B. False
Answer: A – True
Question: The current and quick ratios both help us measure a firm’s liquidity. The current ratio measures the relationship of the firm’s current assets to its current liabilities, while the quick ratio measures the firm’s ability to pay off short-term obligations without relying on the sale of inventories.
Answer Choices:
A. True
B. False
Answer: A – True
Question: Although a full liquidity analysis requires the use of a cash budget, the current and quick ratios provide fast and easy-to-use estimates of a firm’s liquidity position.
Answer Choices:
A. True
B. False
Answer: A – True
Question: High current and quick ratios always indicate that the firm is managing its liquidity position well.
Answer Choices:
A. True
B. False
Answer: B – False
Question: If a firm sold some inventory for cash and left the funds in its bank account, its current ratio would probably not change much, but its quick ratio would decline.
Answer Choices:
A. True
B. False
Answer: B – False