1.
The following changes have been made in the Parcel report format:
Correct Answer
D. All of the above
Explanation
The correct answer is "All of the above" because the statement mentions three changes that have been made in the Parcel report format. These changes include the revision of the method for entering costs, the inclusion of new cost tables, and the grouping of interior finishes in one section. Therefore, all of these changes have been made in the Parcel report format.
2.
The building summary table is in Section 5.
Correct Answer
B. False
Explanation
The statement "The building summary table is in Section 5" is false. The correct answer is false because the building summary table is not located in Section 5.
3.
Site Improvements are now in:
Correct Answer
D. None of the above
Explanation
The given answer states "None of the above" which means that the site improvements are not in any of the mentioned sections (Section 3, Section 4, or Section 6). This suggests that the site improvements may be in a different section that is not listed in the options provided.
4.
The following sets of cost tables are available in the General Information section?
Correct Answer
D. Both A & B
Explanation
The General Information section provides cost tables for both Debt and Equity, as indicated by options A and B. This means that users can access information on the costs associated with both debt and equity financing. The cost tables for Fannie are not mentioned in the question, so option C is not correct. Therefore, the correct answer is Both A & B.
5.
All MEP components and systems will be discussed in Section 7.
Correct Answer
A. True
Explanation
The given statement suggests that in Section 7, all MEP (Mechanical, Electrical, and Plumbing) components and systems will be discussed. This implies that the section will provide comprehensive information about these components and systems. Therefore, the statement is true, as it indicates that Section 7 covers all MEP components and systems.
6.
Other structures will be discussed in Section 9. This includes detached parking structures and other major accessory buildings such as maintenance buildings (not small storage sheds), utility plants, etc.
Correct Answer
B. False
Explanation
The explanation for the answer "False" is that the statement in the question mentions that "Other structures will be discussed in Section 9," implying that the discussion of other structures will happen in the future. Therefore, it is not true that other structures will be discussed in the current section.
7.
For “042” service code select “Equity” under the Transaction Type menu.
Correct Answer
B. False
Explanation
The correct answer is False because the statement is suggesting that for the "042" service code, one should select "Equity" under the Transaction Type menu. However, the explanation is not provided, so it is unclear what the correct action should be.
8.
For “047” or “264” service codes select “Equity” under the Transaction Type menu.
Correct Answer
A. True
Explanation
The given statement suggests that for service codes "047" or "264", the Transaction Type menu should be selected as "Equity". This means that when these specific service codes are used, the transaction type should be set as equity. Therefore, the answer "True" indicates that the statement is correct.
9.
When performing equity projects in Parcel, appropriate equity language will be used in the appropriate Sections requiring Contractor interviews, i.e. paving, roofing, HVAC, Fire & Life Safety.
Correct Answer
A. True
Explanation
When performing equity projects in Parcel, it is important to use appropriate equity language in the sections that require Contractor interviews. This includes sections such as paving, roofing, HVAC, and Fire & Life Safety. This suggests that the project in Parcel is committed to promoting equity and ensuring equal opportunities for all contractors involved. Therefore, the statement "True" indicates that using appropriate equity language in these sections is indeed necessary.
10.
Vacant and down units have been removed from the Tenant Unit Types Observed table and will be discussed separately to avoid calculation errors pertaining to calculating the number of tenant units.
Correct Answer
A. True
Explanation
The explanation for the given correct answer is that vacant and down units have been removed from the Tenant Unit Types Observed table in order to prevent calculation errors when determining the number of tenant units. By discussing these units separately, the calculation process becomes more accurate and reliable.