CMCA Practice Exam;150 Questions with 100% Correct Answers

CMCA Practice Exam;150 Questions with 100% Correct Answers Quorum requirements conflicts are resolved by: a. state statute b. the board of directors c. a vote of those present at a meeting d. appointment of a person as a proxy A Fidelity insurance provides coverage to ensure that the: a. board will meet its fiduciary obligations. b. manager will faithfully follow all document provisions. c. association will be covered for shortfalls in the reserve accounts. d. association will recover any funds lost through employee dishonesty D Which types of management is the process of operating, maintaining, repairing, and replacing common property? a. human resources b. facilities c. financial d. risk B The higher a document's place in the hierarchy, the: a. harder it is to implement b. greater its power with the board c. more it is regulated legally d. great its legal weight in a court of law D Based on which type of requirements would you choose a contractor over the association to complete work? a. low urgency, cost adequate tools available b. high urgency, low supervision and training possibly needed c. requires supervision, expertise required and low urgency d. low costs, high urgency and borrowed tools C Who is required to be present for an annual association membership meeting to conduct business? a. the treasurer and the secretary b. a quorum of the board of directors c. all members of the board of directors d. a quorum of the members D Which of the following would a condominium unit member's personal insurance policy cover when it is the primary insurance policy? a. wind damage to the roof of the member's unit. b. bodily injury due to a slip and fall in the common area in front of the member's unit. c. bodily injury due to the association using the member's automobile. d. bodily injury due to a slip and fall within a member's unit. D Community association governing documents and state statutes may require who to be involved in preparing annual reports? a. a CPA b. the owners c. an ad hoc committee d. the management company A What is a typical management control used to identify physical assets? a. checklist b. chart of information c. inventory d. calendar or schedule C When a contractor fails to perform to the terms of the contract, which provision in the contract allows the association to terminate? a. default provisions b. warranty provisions c. insurance provisions d. performance provisions A Where can an individual find the owner and association's maintenance responsibilities? a. the plat map b. the declaration c. the state statute d. the lease B At the monthly board meeting, it is the role of the manger to do all of the following except: a. implement the decisions of the board b. call for a vote on an issue c. keep discussions on target d. act as a resource to the board B All of the following are goals of maintenance in a community association except: a. meeting the needs of the residences b. preserving and enhancing the common property c. limiting injury to residences, guests and employees d. increasing the association's profits D The use of parliamentary procedure during meetings helps to ensure that: a. quorum requirements are met b. only effective motions are made c. the board considers one item of business at a time d. the presiding officer is knowledgeable of meeting procedures C GAAP requires which statement for year-end reports for a community association? a. cash flows b. auditing c. compilation d. budgeting A When developing rules, the rules must be capable of: a. uniform enforcement b. modiciations and revisions c. limited interpretations d. selective enforcement A If you prepare a maintenance responsibility chart for your community association, it must be based on all of the following except: a. bylaws and declaration b. board policies c. state statutes d. human resource policy D Who is responsible for selecting a contractor? a. board b. president c. manager d. owners/residents A A manager must take into consideration all of the following federal laws during the hiring process, except the: a. Americans with Disabilities Act of 1990 b. Immigration Reform and Control Act of 1986 c. Housing and Urban Recovery Act of 1983 d. Family and Medical Leave Act of 1993 C Which government agency regulates employee compensation or payment? a. FDIC b. FICA c. OSHA d. DOL D A legally binding contract should include all of the following provisions except: a. assignability b. waiver c. insurance d. severability C If a physical asset is to be replaced, the basis for an association's scheduled replacement consists of the: a. reserve study and replacement fund budget b. maintenance record and inspection report c. inspection checklist and reserve fund budget d. inspection report and analysis sheet A A closed board meeting may also be referred to as a: a. private session b. board session c. executive session d. committee session C All of the following are types of association meetings except: a. special meetings b. annual meetings c. ad hoc meetings d. owner meetings C A useful management control to record various maintenance services and information needed in case of an emergency is a maintenance: a. responsibility chart b. analysis sheet c. request form d. contact sheet D All of the following are key contract provisions except: a. standards of performance b. job site safety requirements c. the manner in which payments are made d. contractor's phone numbers D It is good practice for an association to include a disclaimer in its employee manual stating that: a. employment is based on experience and references b. it is not an implied contract or promise of employment c. employment may include a background check d. the association is not responsible for any possible injuries on the job B To get needed maintenance work performed, a manager must organize the maintenance work into basic categories and: a. pay all invoices when presented b. create controls for ensuring that the work will be completed c. get at least five bids for work over $1,000 d. have the board inspect the work B Upon receipt of a proper petition to call a special meeting, what should the manager do? a. arrange a meeting with counsel b. advise the board to address it at the next scheduled meeting c. advise the board of its duty to respond in a timely manner d. set up a special meeting location C All of the following are basic types of contracts except: a. service contracts b. repair contracts c. preventive maintenance contracts d. architecture contracts D In which procedure are performance problems brought to the employee's attention and actions taken to correct them? a. employment model b. progressive discipline system c. employee training program d. continuous improvement program B All the following are criteria to be considered when recommending a contractor to the board except: a. understanding of what needs to be done b. possessing the necessary qualifications to do the job c. price d. timeframe D What authority creates the right to vote by proxy? a. association rules and regulations b. state statutes c. common law d. owner's rights B Periodic maintenance performed to avoid disruptive breakdowns and to prolong the useful life of a physical asset is considered: a. routine maintenance b. requested maintenance c. emergency service maintenance d. preventative maintenance D Before the commencement of any services and repairs, the association should: a. survey the owners/tenants to see if services are necessary