CMCA study guide practice exam Questions and Answers 2024/2025
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Course
CMCA
Institution
CMCA
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
→ A.
2. Fidelity insurance provides coverage to ensure that the:
a. board will meet its fiduciary obligations.
b. manager...
7. 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.
→ D
8. Community association governing documents and state statutes may require who to be
involved in preparing annual reports?
a. aCPA
b. the owners
c. an ad hoc committee
d. the management company
→ A
9. What is a typical management control used to identify physical assets?
a. checklist
b. charts of information
c. inventory
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