Exam (elaborations)
CMCA Practice Exam(Answered)2024
- Course
- Institution
CMCA Practice Exam(Answered)2024
[Show more]
Content preview
CMCA Practice Exam(Answered)2024Who 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 - 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. - 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 - Answer A
What is a typical management control used to identify physical assets?
a. checklist
b. chart of information
c. inventory
d. calendar or schedule - 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 - 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 - 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 - Answer B
All of the following are goals of maintenance in a community association except:
,CMCA Practice Exam(Answered)2024
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 - Answer 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 - Answer C
GAAP requires which statement for year-end reports for a community association?
a. cash flows
b. auditing
c. compilation
d. budgeting - Answer A
When developing rules, the rules must be capable of:
a. uniform enforcement
b. modiciations and revisions
c. limited interpretations
d. selective enforcement - Answer 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
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 - Answer 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 - 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
c. more it is regulated legally
d. great its legal weight in a court of law - Answer D
Based on which type of requirements would you choose a contractor over the
association to complete work?
, CMCA Practice Exam(Answered)2024
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 - Answer C
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 - Answer D
Who is responsible for selecting a contractor?
a. board
b. president
c. manager
d. owners/residents - Answer 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 - Answer C
Which government agency regulates employee compensation or payment?
a. FDIC
b. FICA
c. OSHA
d. DOL - Answer D
A legally binding contract should include all of the following provisions except:
a. assignability
b. waiver
c. insurance
d. severability - Answer 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 - Answer A
A closed board meeting may also be referred to as a:
a. private session
b. board session
c. executive session
d. committee session - Answer C
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller chareiezekiel. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $29.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
81113 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now