Cmca financial management - Study guides, Class notes & Summaries
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CMCA Sample Exam 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. correct answerA 2. Fidelity insurance provides coverage to ensu
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CMCA Sample Exam 
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. correct answerA 
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 i...
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CMCA Practice Exam;150 Questions with CMCA Practice Exam;150 Questions with CMCA Practice Exam;150 Questions with CMCA Practice Exam;150 Questions with CMCA Practice Exam;150 Questions with CMCA Practice Exam;150 Questions with CMCA Practice Exam;150 Ques
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CMCA Practice Exam;150 Questions with CMCA Practice Exam;150 Questions with CMCA Practice Exam;150 Questions with CMCA Practice Exam;150 Questions with CMCA Practice Exam;150 Questions with CMCA Practice Exam;150 Questions with CMCA Practice Exam;150 Questions with CMCA Practice Exam;150 Questions with CMCA Practice Exam;150 Questions with CMCA Practice Exam;150 Questions with CMCA Practice Exam;150 Questions with CMCA Practice Exam;150 Questions with CMCA Practice Exam;150 Questions with 100% C...
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CMCA Exam Bundle (Graded A) updated 2023
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CMCA Exam 
Random CMCA Practice Test
CMCA (5) Financial Controls
CMCA - FINANCIAL Management 
CMCA Insurance Exam 
CMCA Sample Exam 
CMCA PRACTICE
CMCA Exam
CMCA Exam Questions
CMCA (3-4) Budgets, Reserves, Investments, and Assessments/Financial Controls 
CMCA (2) Governance and Legal Issues
CMCA (6) Property Maintenance
 Random CMCA Practice Test
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Random CMCA Practice Test Questions with correct answers.
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Random CMCA Practice Test Questions with correct answers. 
 
 
 
 
 
 
 
 
 
 
 
 
 
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 - ANS. C. A work order/response form - A, B, and D speak to elements OTHER than a control to ensure maintenance work is completed. 
 
The primary management control tool for ide...
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CMCA - M100 Community Association Management Test Guide Exam with 100% Correct Answers
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CMCA - M100 Community Association 
Management Test Guide Exam with 
100% Correct Answers 
55 and older community - CORRECT ANSWER-Must have one person who is 55 years 
of age or older living in at least 80% of its occupied units. The community must be 
designated "55 and older" to qualify as this type of housing that legally prohibits children 
and limits occupancy to a certain age span. The designation process involves 
submitting applications and obtaining approval before any enforceme...
Too much month left at the end of the money?
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CMCA Practice Exam Questions and Answers 100% Pass
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CMCA Practice Exam Questions and 
Answers 100% Pass 
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 recove...
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Random CMCA Practice Test Questions With 100% Correct Answers 2024
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Random CMCA Practice Test Questions 
With 100% Correct Answers 2024 
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 - answerC. A work order/response form - A, B, and D speak to 
elements OTHER than a control to ensure maintenance work is completed. 
The primary management control tool for identifying whether the ...
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Random CMCA Practice Test Questions (Under Construction) questions and answers well illustrated.
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Random CMCA Practice Test Questions (Under Construction) questions and answers well illustrated. 
 
 
 
 
 
 
 
 
 
 
C. A work order/response form - A, B, and D speak to elements OTHER than a control to ensure maintenance work is completed. - ANS. 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 
 
C. Maintenan...
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CMCA: Financial Management Practice Guide.
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Assessment correct answer - An ______________ is the owner's financial obligation to the community association during a given period of time -usually one year. It covers the owner's share of the common expense. 
 
Baseline funding correct answer - 
 
Budget correct answer - 
 
Chart of accounts correct answer - An organized list of the titles, descriptions, and assigned numbers of all accounts in an organization's general ledger. 
 
Discretionary budget line items correct answer - These are...
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CMCA EXAM 2023 REAL EXAM 170 QUESTIONS AND CORRECT ANSWERS (VERIFIED ANSWERS) |A+GRADE
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CMCA EXAM 2023 REAL EXAM 170 QUESTIONS AND 
CORRECT ANSWERS (VERIFIED 
ANSWERS) |A+GRADE 
 
Why are special membership meetings held? - ANSWER- To conduct specific 
business 
Executive sessions should typically be used for discussing which of the following 
issues: - ANSWER- Member's delinquency 
Which of the following is a duty of a manager attending a board meeting? - 
ANSWER- Be the time keeper. 
If the governing documents and laws present conflicting notice periods, follow: - 
ANSWER- State...
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