Quiz On Parcel Training! Trivia Questions Quiz

1. The following sets of cost tables are available in the General Information section?

Debt

Equity

Fannie

Both A & B

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.

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.

2. 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.

True

False

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.

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.

3. 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.

True

False

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.

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.

4. For "047" or "264" service codes select "Equity" under the Transaction Type menu.

True

False

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.

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.

5. The following changes have been made in the Parcel report format:

The method for entering coats has been revised.

New cost tables have been included.

Interior finishes are in one section.

All of the above

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.

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.

6. For "042" service code select "Equity" under the Transaction Type menu.

True

False

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.

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.

7. All MEP components and systems will be discussed in Section 7.

True

False

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.

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.

8. The building summary table is in Section 5.

True

False

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.

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.

9. Site Improvements are now in:

Section 3

Section 4

Section 6

None of the above

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.

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.

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.

True

False

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.

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.