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Exam CAP-2101-20 All Questions
Exam CAP-2101-20 All Questions

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BOMI International BI-RPACS CAP-2101-20 Question # 8 Topic 1 Discussion

CAP-2101-20 Exam Topic 1 Question 8 Discussion:
Question #: 8
Topic #: 1

The property manager has been tasked to prepare next year’s budget by the asset manager.

This is the first assignment given since the acquisition, and the only available information is from the due diligence material described.

Which is the MOST appropriate action for the property manager to take?


A.

Obtain the partnership's pro forma budget.


B.

Determine the partnership’s goals, including the expected holding period.


C.

Prepare a draft budget to show knowledge of the local market.


D.

Update budgets from prior year.


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