CMCA EXAM 2023 REAL EXAM 170
QUESTIONS ANDCORRECT
ANSWERS(VERIFIED
ANSWERS)|AGRADE
Why are special membership meetings held? - ANSWER- To conduct specific
business
Executive sessions should typically be used for discussing which of the following
issues: - ANSWER- Member's delinquency
Which...
CMCA EXAM 2023 REAL EXAM 170
QUESTIONS AND CORRECT
ANSWERS(VERIFIED
ANSWERS)|AGRADE
Why are special membership meetings held? - ANSWER- To conduct specific
business
Executive sessions should typically be used for discussing which of the following
issues: - ANSWER- Member's delinquency
Which of the following is a duty of a manager attending a board meeting? -
ANSWER- Be the time keeper.
If the governing documents and laws present conflicting notice periods, follow: -
ANSWER- State laws.
If an owner fails to receive notice of a meeting, the association is not responsible if
the owner: - ANSWER- Did not notify the association of their current address.
, lOMoAR cPSD| 24161366
Board meeting minutes should include which of the following: - ANSWER- Exact
wording of each motion.
If a proxy vote needs to be approved, the best option for an approver would be: -
ANSWER- The secretary.
Where would a manager find guidelines regarding the association's responsibility
for maintaining physical assets? - ANSWER- Board resolutions.
The primary management control tool for identifying whether the association
needs to maintain a particular property element is: - ANSWER- Maintenance
responsibility chart.
To determine which physical assets must be maintained by the association, the
manager should: - ANSWER- Review the association governing documents.
, lOMoAR cPSD| 24161366
Which of the following is a common management control for ensuring
maintenance work is performed in a timely manner? - ANSWER- A work
order/response form.
When monitoring maintenance of an association's swimming pool, which of the
following should be entered into a permanent log at regular intervals? - ANSWER-
Chlorine level readings.
Which of the following is an example of an association control system? -
ANSWER- Frequent neighborhood inspections.
A work order: - ANSWER- Assigns maintenance tasks.
Which type of maintenance should be managed with a routine maintenance
contract? - ANSWER- Cutting the grass
Which method is the best alternative to increasing assessments? - ANSWER-
Increasing income by charging higher user fees.
When the Board reviews the proposed budget for approval, what should it
consider? - ANSWER- The financial position of the association.
What is the primary source of requirements when developing the association's
annual maintenance budget? - ANSWER- Governing documents.
When an association contracts out all of its service and has no employees, it is a
best business practice to: - ANSWER- Negotiate contracts within the bidding
process.
Directors and officers liability insurance is designed to cover claims resulting
from: - ANSWER- Wrongful acts of employees of the association.
A component of building ordinance insurance coverage includes: - ANSWER-
Extra demolition.
Which of the following types of insurance coverage is one of limited value to a
community association? - ANSWER- Assessment fee receivable.
What section of an insurance policy describes the coverage limits, deductibles,
policy period, and premium? - ANSWER- Declaration page(s).
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