CMCA 2023 EXAM BUNDLE , ALREADY PASSED (RATED A+)

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. - ANSWER A 2. Fidelity insurance provides coverage to ensure that the: a. board will meet its fiduciary obligations. b....

Risk Management - ANSWER The process of making and carrying out decisions that will minimize the adverse effects of accidental losses upon the community association. Contractual transfer - ANSWER Involves entering into a contract that will, among other things, transfer the community association'...

Base line funding - ANSWER funding strategy to keep the reserve cash balance above zero. Chart of accounts - ANSWER assigned numbers for all accounts in an organization's general ledger. FHA - ANSWER regulates and influences items such as required amount of insurance an association must carry...

. A work order/response form - A, B, and D speak to elements OTHER than a control to ensure maintenance work is completed. - ANSWER Which of the following is a common management control for ensuring maintenance work is performed in a timely manner? A. A purchase order system B. An equipment warr...

. A work order/response form - A, B, and D speak to elements OTHER than a control to ensure maintenance work is completed. - ANSWER Which of the following is a common management control for ensuring maintenance work is performed in a timely manner? A. A purchase order system B. An equipment warr...