Random CMCA Practice Test Questions (Under Construction)/CMCA PRACTICE EXAM QUESTIONS/Random CMCA Practice Test Questions And Answers 2023/CMCA Practice Exam Questions And Answers 2023/ 2024/CMCA Practice Exam Terms/Questions/CMCA Exam Questions And Answe

Preparing a bid request includes which of the following: A. Verifying References. B. Identifying potential contractors. C. Recommending a contractor to the board. D. Verifying contractor insurance. - Answer- B Legal review prior to executing a contract will assist the association in the eve...

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 warranties C. A work order/response form D. A contractor's invoice - Answer- C. A work order/response form - A, B, and D speak to ele...

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 Fidelity insurance provides coverage to ensure that the: a. board will meet its fiduciary obligations. b. manag...

Statement of Revenue and Expense - Answer- This report shows the activity over a period of time & therefore will indicate the amount of income received & expenses incurred, whether actual or accrued, for all activity of the association through the 8 months of the fiscal year. The report may also sho...

each of the following are key characteristics of community associations except: a. mandatory Lien-based economic charges or assessments are levied on each owner in order to operate and maintain the community association b. membership in the community association is mandatory and automatic for ...

Articles of incorporation - Answer- Bring the corporation into existence, define its basic purposes and powers, indicate whether stock will be issued, and indicate whether there will be a board of directors Bylaws - Answer- Formally adopted governing regulations for the administration and man...

Abstention - Answer- When a participant in a vote either does not go to vote or, in parliamentary procedure, is present during the vote, but does not cast a ballot. An abstention may be used to indicate the voting individual's ambivalence about the measure or mild disapproval that does not rise to ...

Ad hoc committee - Answer- used when an objective needs consideration and no standing committee can absorb that issue; short-term basis board liaison system - Answer- directors assigned to certain committees to guide the committee on Board policy and procedures and to report back to the board ...

TRUE - Answer- TRUE or FALSE Risk management is the process of making and carrying out decisions that will minimize the adverse effects of accidental losses upon the community association. c. income exposure to loss - Answer- What type of Exposure to Loss for a community association is charact...