CMCA EXAM 2024 EXAM QUESTIONS AND
CORRECT ANSWERS(VERIFIED ANSWERS)|A+
GUARANTEED PASS
1. 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. - ANSA
2. Fidelity insuranc...
1. 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. - ANSA
2. Fidelity insurance provides coverage to ensure
that the:
a. board will meet its fiduciary obligations.
b. manager will faithfully follow all document
provisions.
c. deductible in the association's insurance policies
is reimbursed.
d. association will be covered for shortfalls in the
reserve accounts.
e. association will recover any funds lost through
employee dishonesty. - ANSE
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3. Which type of management is the process of
operating, maintaining, repairing, and replacing
common property?
a. Human Resources
b. Facilities
c. Financial
d. Risk - ANSB
4. 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. greater its legal weight in a court of law. - ANSD
5. Based on which type of requirements would you
choose a contractor over the association to
complete work?
a. Low urgency, costs adequate tools available
b. High urgency, low supervision and training
possibly needed
c. Requires supervision, expertise required and low
urgency
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d. Low Costs, high urgency and borrowed tools -
ANSC
6. Who 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 - ANSD
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.
e. Fire damage to the association's unimproved
common walls. - ANSD
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8. 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 - ANSA
9. What is a typical management control used to
identify physical assets?
a. Checklist
b. Charts of information
c. Inventory
d. Calendar or schedule - ANSC
10. 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
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