CMCA EXAM 2024 ACTUAL EXAM
COMPREHENSIVE QUESTIONS AND CORRECT
ANSWERS (VERIFIED ANSWERS) | GRADE A+|
A cost and fees contract covers:
a. all contracted work fees after its been completed
b. a level of performance for a specific period of time and money
c. actual labor and materials cost and a percentage of profit
d. hourly rates, material costs and a percentage of the total costs - Correct Answer - C
What is the process of establishing performance goals and standards for an employee?
a. employee orientation to the association
b. on-going training
c. performance planning
d. performance evaluation - Correct Answer – C
Which types of management is the process of operating, maintaining, repairing, and
replacing common property?
a. human resources
b. facilities
c. financial
d. risk - Correct Answer - B
The higher a document's place in the hierarchy, the:
a. harder it is to implement
b. greater its power with the board
, 2
c. more it is regulated legally
d. great its legal weight in a court of law - Correct Answer - 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 - Correct Answer - 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 - Correct Answer - 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. - Correct Answer - 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 - Correct Answer - A
, 3
What is a typical management control used to identify physical assets?
a. checklist
b. chart of information
c. inventory
d. calendar or schedule - Correct Answer - 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 - Correct Answer - 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 - Correct Answer - 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 - Correct Answer - B
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