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IFMA CFM Reliable Exam Test, Latest CFM Test Vce

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IFMA Certified Facility Manager Sample Questions (Q98-Q103):

NEW QUESTION # 98
What best describes a Building Automation System (BAS)?

A. A one-way control mechanism for multiple core building systems.
B. A system that integrates various facility management functions, including building security and facility space metrics.
C. A system that does not operate third-party systems.
D. A system supporting two-way communication between controllers and devices, automated decisions, and analysis.

Answer: D

Explanation:
ABuilding Automation System (BAS)is an intelligentnetwork of controllers and sensorsthat:
* Monitors and automatesHVAC, lighting, security, and other systems.
* Uses two-way communicationfor real-timeadjustments and analysis.
* Enhances energy efficiencyandreduces operational costs.
OptionsB and Dare incorrect as modern BAS systemsuse two-way communication.Option Cincludes some BAS functions but does not fully describe BAS as anautomation system.

NEW QUESTION # 99
What is the information gained from a risk assessment, business impact analysis, and a resource needs assessment used for?

A. Property inspection and insurance assessments.
B. Risk management analyses.
C. Business workflow plans.
D. Continuity and recovery plans.

Answer: D

Explanation:
Continuity and recovery planning ensures an organization can maintain operations during and after disruptions.According to IFMA'sRisk Managementcompetency,business impact analysis (BIA) and risk assessments are used to develop robust continuity strategies.
* Option C (Continuity and recovery plans) is correctbecause itaddresses operational resilience and disaster recovery.
* Option A (Business workflow plans)focus onday-to-day operations, not crisis response.
* Option B (Property inspections)ensurecompliance and safety but do not focus on recovery.
* Option D (Risk management analyses)identify risks butdo not provide recovery solutions.
A well-structuredcontinuity plan minimizes downtime and ensures business stability.

NEW QUESTION # 100
What are the two PRIMARY considerations for mitigation strategies?

A. Predictive and preventative maintenance programs.
B. Risk assessment and hazard identification.
C. Financial assessment and cost containment.
D. Major systems identification and restorative maintenance.

Answer: B

Explanation:
TheIFMA Risk Management competencystates thateffective mitigation starts with identifying risks and hazards.
* Option D (Correct):Risk assessment ensures hazards are identified and mitigated before escalation.
* Option B (Predictive maintenance)ispreventative, but not risk mitigation.
Mitigationfocuses on eliminating risks before they impact operations.

NEW QUESTION # 101
A current tenant is questioning the charges from an annual reconciliation of common area and operating expenses, as allowed by their lease. What is the strongest business practice for making sure your accounting practices are sound?

A. Suggest the tenant's chief accountant review your books and the lease.
B. Perform periodic audits by an internal or external auditing group that is not part of the accounting department.
C. Double-check all coding and charges and confirm that generally accepted accounting principles (GAAP) have been followed.

Answer: B

Explanation:
Periodic audits by an independent internal or external auditing group (Option B) ensure accountability and accuracy in financial reporting.
Why Option B is Correct?
* An independent audit ensures transparency, credibility, and compliance with lease agreements.
* Prevents errors, overcharges, and disputes with tenants.
* IFMA's Finance & Business Core Competency states that financial operations must adhere to best accounting practices, including third-party audits.
Why Other Options Are Incorrect?
* Option A (Double-checking internally): Internal review alone is not as strong as an independent audit.
* Option C (Tenant's accountant reviewing the books): Conflicts of interest may arise, and tenants do not have auditing authority.

NEW QUESTION # 102
What is considered the point in an asset's life cycle where the total ownership costs are at the lowest?

A. Ownership life
B. Economic life
C. End of life
D. Useful life

Answer: B

Explanation:
Theeconomic lifeof an asset is the period during which it remains cost-effective to operate and maintain, minimizing total ownership costs.
* Economic life (D)is determined by evaluating operating expenses, maintenance costs, depreciation, and efficiency. At this stage, the asset providesmaximum value before its costs exceed its benefits.
* Ownership life (A)refers to the entire period of possession, which may extend beyond itsoptimal cost- effective period.
* Useful life (B)is the estimated time an asset can be functionally used, but this does not always align with cost efficiency.
* End of life (C)marks when an asset is no longer usable, often requiring costly disposal or replacement.

NEW QUESTION # 103
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