Exam (elaborations)
Accredited Residential Manager questions and answers already passed 2024
- Course
- Institution
Accredited Residential Manager questions and answers already passed 2024
[Show more]
Content preview
Accredited Residential Manager - ARMCertification
Emotional Intelligence - correct answer ✔The ability to monitor one's own
and others' feelings and emotions, to discriminate among them and to use to
use this information to guides one's thinking and actions.
Job Analysis - correct answer ✔Is the process of identifying essential Skills,
Knowledge, and Abilities required to perform a job; Forms the basis of all
subsequent human resources activity.
Behavioral - correct answer ✔A type of question asked by an interviewer to
determine a persons disposition based on previous behavior in particular
situations.
Orientation - correct answer ✔Is the process of informing new employees
what is expected of them on the job as well as making them feel welcome and
comfortable.
Avoiding/Avoidance - correct answer ✔Is a style of conflict resolution in
which a person withdraws from the issue and/or side-steps the conflict.
Employee Handbook - correct answer ✔Generally the most common format
used to communicate company policies, vision, and mission.
Job Description - correct answer ✔Defines the job in terms the
responsibilities, reporting structure, and the Skills, Knowledge, and Abilities
required to fulfill the duties of the position as identified in the Job Analysis.
,Recruiting - correct answer ✔The process of identifying and attracting
qualified job applicants.
Job Knowledge - correct answer ✔A type of question asked by an
interviewer to determine whether the applicant has the necessary knowledge
to perform the job.
Collaborative - correct answer ✔Style of conflict resolution in which parties
work together to solve the problem, and have confidence in each other as
partners.
Performance Feedback - correct answer ✔An ongoing process in which the
manager and employee have constructive conversations related to
performance.
Kinesthetic - correct answer ✔A type of learner that learns best with a hands
on approach and explore the physical world; also called Tactile Learners.
Autocratic - correct answer ✔A style of management in which decisions are
imposed on subordinates; also known as Theory X management,where
managers believe people dislike work and must be told what to do.
Coaching - correct answer ✔Is used to develop employees rather than
address specific behaviors and performance.
Equal Employment Opportunity Commission - correct answer ✔EEOC
Rent Roll/Collections Report - correct answer ✔A listing of all units showing
the residents' name, rental rate, and status of collections.
, Delinquency Report - correct answer ✔The report that tracks late payments
of rent, updated monthly and sent to owner in the reports.
Budget Variance - correct answer ✔Is a difference in the amount forecast for
an account in a budget, and the actual amount spent or earned in the account.
Gross Potential Income (GPI) - correct answer ✔Total income possible of a
property if 100% occupied and 100% of rent collected.
Loss to Lease - correct answer ✔The amount of money "lost" due to rents
being less than market rent.
Vacancy and Collection Loss - correct answer ✔The amount of potential
income not being acquired due to vacancy or non-payment of leased space.
Effective Gross Income - correct answer ✔EGI
Effective Gross Income (EGI) - correct answer ✔Net rent revenue plus
miscellaneous income minus vacancy and collection loss; Income - other
expenses = ?
Net Operating Income. - correct answer ✔NOI
Net Operating Income (NOI) - correct answer ✔Total Collections, less
operating expenses, that goes to lenders (in the form of Debt Service) and
owners (in the form of Return On Investment). EGI-OE=?
Annual Debt Service - correct answer ✔ADS
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller LEWISSHAWN55. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
79751 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now