CFM IFMA Exam Lab Questions

Depreciation (B) is the process of calculating how much an asset loses value over time due to wear, aging, or obsolescence.

Common depreciation methods include:

Straight-line depreciation

Declining balance depreciation

Why not other options?

(A) Payback period measures how long it takes to recover the initial investment, not asset value reduction.

(C) Diminishing return refers to economic output, not asset valuation.

(D) Life cycle cost considers total ownership costs, including maintenance and disposal.

A facility manager must follow the organization’s policy (Option C) to ensure compliance with employment agreements regarding uniforms and stipends.

Why Option C is Correct?

Workplace policies outline reimbursement rules for issued materials.

Ensures consistency in handling employee departures and prevents disputes.

IFMA’s Human Factors Core Competency states that FM professionals must adhere to HR and organizational policies.

Why Other Options Are Incorrect?

Option A (Request reimbursement personally): Lacks formal enforcement and can cause disputes.

Option B (Absorb the loss): Not all organizations allow this, and a formal policy must be followed first.

Load shedding (C) is the primary function of a BAS that supports energy management by reducing electrical demand during peak periods.

How does it work?

BAS automatically adjusts or turns off non-essential loads to avoid high peak charges.

Reduces strain on the grid and lowers operating costs.

Why not other options?

(A) Thermal coupling deals with heat transfer, not peak demand control.

(B) Capacity management optimizes energy use but does not actively reduce peak loads.

(D) Cycle management refers to operational sequences, not energy reduction.

The first phase of sustainable plan development focuses on defining the foundation for evaluating sustainability initiatives. The correct answer is defining criteria for considering and evaluating ideas because:

Establishing clear evaluation criteria ensures that sustainability initiatives align with organizational goals and are feasible for implementation.

This step occurs before assigning team members, reviewing business cases, or developing financial projections.

Why the other options are incorrect:

(A) Assigning team members happens after defining the scope and evaluation parameters.

(B) Reviewing business cases is done once sustainability initiatives have been identified and screened using the evaluation criteria.

(D) Developing cash flow is part of the financial assessment phase, which follows after ideas are evaluated​.