M100 b - Study guides, Class notes & Summaries

CMCA - M100 Exam Questions With 100% Correct Answers Negligence - answerfailure to exercise a duty of care Ethics - answerlearning right from wrong and doing the right thing. Duty of Care - answerexercising the skill and care a reasonable person would i a similar situation Duty of Loyalty - answeracting solely in another parties interests when administering their assets Acceleration - answerthe collection of all assessments due thru the end of the fiscal year accrual basis of accounting...

M100 MODULE 2: LESSON 3: FINANCIAL STATEMENTS WITH COMPLETE SOLUTIONS 100% What are two primary purposes of financial reports? - To provide their internal & external users with the information needed to make appropriate decisions on behalf of or regarding the community association - to enable the community association board and manager to control the community's financial operations. Three Accounting Methods 1) Cash Basis- This method records revenue when it is collected and expenses w...

M100 Community Association Management 100% Correct Answers |UPDATED| Each of the following are key characteristics of community associations EXCEPT: a. Mandatory lien-based economic charges or assessments are levied on each owner in order to operate and maintain the community association. b. Membership in the community association is mandatory and automatic for all owners. c. A requirement of community association ownership is serving on the board of directors. d. Certain documents bind a...

M100 QUIZ (all sections) Community Association Management Q&A Verified Solutions Each of the following are key characteristics of a community association EXCEPT: A. Mandatory lien-based economic charges or assessments are levied on each owner in order to operate and maintain the community association. B. Membership in the ca is mandatory and automatic for all owners. C. A requirement of ca ownership is attending board meetings D. Certain documents bind all owners to be governed by ...

CMCA - M100 Exam Questions With 100% Correct Answers Negligence - answerfailure to exercise a duty of care Ethics - answerlearning right from wrong and doing the right thing. Duty of Care - answerexercising the skill and care a reasonable person would i a similar situation Duty of Loyalty - answeracting solely in another parties interests when administering their assets Acceleration - answerthe collection of all assessments due thru the end of the fiscal year accrual basis of accounting...

CMCA - M100 Exam Questions With 100% Correct Answers Negligence - answerfailure to exercise a duty of care Ethics - answerlearning right from wrong and doing the right thing. Duty of Care - answerexercising the skill and care a reasonable person would i a similar situation Duty of Loyalty - answeracting solely in another parties interests when administering their assets Acceleration - answerthe collection of all assessments due thru the end of the fiscal year accrual basis of accounting...

M100 COMMUNITY Here are the true/false questions and multiple-choice items with the information modified to avoid copyright COMPLETE SOLUTIONS 100% 1. **True or false:** A contract is an agreement between two or more parties, enforceable by law, by which each party promises to do, or not to do, something. - **True** 2. **True or false:** When deciding whether to have staff members or a contractor perform a task, a manager should consider where tools, equipment, and supplies will be...

M100 Community Association Management Exam Questions with Correct answers Each of the following are key characteristics of community associations EXCEPT: a. Mandatory lien-based economic charges or assessments are levied on each owner in order to operate and maintain the community association. b. Membership in the community association is mandatory and automatic for all owners. c. A requirement of community association ownership is serving on the board of directors. d. Certain documents b...

M100 Community Association Management Exam - Questions, Answers and Rationales Which of the following is not a common insurance coverage and endorsement for property exposures to loss? a. commercial package policy (CPP) insurance b. boiler and machinery insurance c. flood insurance d. hired and non-owned automobile liability insurance Common insurance coverages and endorsements for property exposures to loss include commercial package policy insurance, boiler and machinery insurance, building ...

M100 MODULE 2: LESSON 3: FINANCIAL STATEMENTS WITH COMPLETE SOLUTIONS 100% What are two primary purposes of financial reports? - To provide their internal & external users with the information needed to make appropriate decisions on behalf of or regarding the community association - to enable the community association board and manager to control the community's financial operations. Three Accounting Methods 1) Cash Basis- This method records revenue when it is collected and expenses w...