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M-100 QUIZ - Risk Management & Insurance Questions With 100% Correct Answers.
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Which of the following types of exposure to loss for a community association is characterized by net losses that may involve a reduction in income or an increase in operating expenses or both? A. Property Exposure to loss Tangible or intangible - real property (buildings, land) or personal proper...
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Add to cartWhich of the following types of exposure to loss for a community association is characterized by net losses that may involve a reduction in income or an increase in operating expenses or both? A. Property Exposure to loss Tangible or intangible - real property (buildings, land) or personal proper...
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M-100 QUIZ - Community Management and Leadership Questions With 100% Correct Answers.
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Each of the following legal sources specify management authority and responsibilities for community associations EXCEPT: A. Survey data B. State Statutes C. Community Association governing documents D Court decisions - A. Survey data TRUE or FALSE: The basic authority in a community associatio...
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Add to cartEach of the following legal sources specify management authority and responsibilities for community associations EXCEPT: A. Survey data B. State Statutes C. Community Association governing documents D Court decisions - A. Survey data TRUE or FALSE: The basic authority in a community associatio...
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M-100 The Essentials of community association management Questions And Answers Already Passed!!
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community association -legal entity in which the owners enjoy the protection, enhancement, maintenance & preservation of their homes & property community association has 3 defining characteristics -Membership in the community is mandatory & automatic for all owners; certain association docs bind ...
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Add to cartcommunity association -legal entity in which the owners enjoy the protection, enhancement, maintenance & preservation of their homes & property community association has 3 defining characteristics -Membership in the community is mandatory & automatic for all owners; certain association docs bind ...
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M-100 Community Association Management | Questions with 100% correct Answers | Verified
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Community Association - is a legal entity in which the owners enjoy the protection enhancement maintenance and preservation of their homes and property What are the three characteristics of a Community Association - Mandatory Membership mutually binding documents lien based assesments Is member...
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Add to cartCommunity Association - is a legal entity in which the owners enjoy the protection enhancement maintenance and preservation of their homes and property What are the three characteristics of a Community Association - Mandatory Membership mutually binding documents lien based assesments Is member...
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M-100 Focus Questions: LEGAL BASIS Questions With 100% Correct Answers.
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Define a community association and its 3 characteristics - A community association is a legal entity in which the owners enjoy the protection, enhancement, maintenance and preservation of their homes and property. - Membership is mandatory - Governing documents bind the owner and the association...
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Add to cartDefine a community association and its 3 characteristics - A community association is a legal entity in which the owners enjoy the protection, enhancement, maintenance and preservation of their homes and property. - Membership is mandatory - Governing documents bind the owner and the association...
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Module 2: Financial Management from M100 Exam Questions With Complete Solutions.
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Which of the following accounting methods records revenue when it is collected and expenses when they are paid? a. cash basis b. accrual basis c. modified cash basis d. modified accrual basis - Answer a. cash basis A ___________ occurs when expenses are greater than revenue a. net income b. ...
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Add to cartWhich of the following accounting methods records revenue when it is collected and expenses when they are paid? a. cash basis b. accrual basis c. modified cash basis d. modified accrual basis - Answer a. cash basis A ___________ occurs when expenses are greater than revenue a. net income b. ...
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M100 | Questions with 100% correct Answers | Verified
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Community Association - Mandatory memberships, mutually binding contracts, lien-based assements Purpose of community association - Provide for the community, business, and governance aspects of the association Basic types of community association - Planned communities, condominium, and cooperati...
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Add to cartCommunity Association - Mandatory memberships, mutually binding contracts, lien-based assements Purpose of community association - Provide for the community, business, and governance aspects of the association Basic types of community association - Planned communities, condominium, and cooperati...
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M-100 The Essentials of Community Association Management Questions And Answers Already Passed!!
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Characteristics of a Community Association - Mandatory membership Mutually binding documents Lien-based assessments Purposes of a Community Association - Business - Not for profit Government - Runs like a mini-government Community - Mutual reasons for buying into area 3 Basic Types of Communit...
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Add to cartCharacteristics of a Community Association - Mandatory membership Mutually binding documents Lien-based assessments Purposes of a Community Association - Business - Not for profit Government - Runs like a mini-government Community - Mutual reasons for buying into area 3 Basic Types of Communit...
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