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100% Pass Quiz 2025 Humber College Perfect New PREX-1060A Exam Review

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Humber College Exam 4: Invigilated Theory Exam Sample Questions (Q44-Q49):

NEW QUESTION # 44
A lender completes a financial statement analysis and calculation on various ratios that would indicate the financial performance of the commercial building. Which of the following is NOT correct?

A. The success of ventures often rests in the availability and suitability of financing.
B. It does not matter; mortgaging does not affect cash flow and yields.
C. Lenders will apply various financial ratios to get a solid understanding of the business's performance and the ability of the borrower to service debt.
D. The investor is afforded the opportunity to enhance yield.

Answer: B

NEW QUESTION # 45
Which of the following is a characteristic of main street retail?

A. Comprises a blend of old and new stores
B. Must be located in a small, older community
C. Consists of newer, free-standing buildings only
D. Structure size typically ranges from 100,000 to 130,000 square feet

Answer: A

NEW QUESTION # 46
In regard to Environmental Site Assessments (ESAs), which of the following is NOT accurate?

A. Local building departments use ESAs as the basis for changes to municipal zoning bylaws.
B. ESAs are regulated under the Canadian Environmental Protection Act.
C. An ESA is intended to determine if a property has been contaminated or is facing any environmental threats.
D. Every new commercial property must undergo an ESA prior to construction.

Answer: D

NEW QUESTION # 47
Finish the sentence: The Employment Standards Act:

A. Regulates trade names.
B. Specifies the terms of a business partnership agreement.
C. Regulates matters involving ownership of a business.
D. Protects the rights of workers of a business that is being sold.

Answer: D

NEW QUESTION # 48
A landlord and a tenant have signed an agreement to lease an office space. Prior to the transaction closing, an unforeseeable event occurs that is not the fault of either party. Which statement about the return of the tenant's deposit is NOT correct?

A. The tenant can have the deposit back without signing a mutual release as it is not their fault.
B. The agreement may contain a clause forfeiting all of the deposit if the landlord has started work on the premises.
C. The landlord and tenant may agree to split the deposit.
D. The parties may need to obtain a court order that clarifies how the deposit will be returned and distributed.

Answer: A

NEW QUESTION # 49
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