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CMCA 2023 EXAM BUNDLE , ALREADY PASSED (RATED A+)
CMCA 2023 EXAM BUNDLE , ALREADY PASSED (RATED A+)
[Show more]CMCA 2023 EXAM BUNDLE , ALREADY PASSED (RATED A+)
[Show more]Preparing a bid request includes which of the following: 
A. Verifying References. 
B. Identifying potential contractors. 
C. Recommending a contractor to the board. 
D. Verifying contractor insurance. - ANSWER B 
 
Legal review prior to executing a contract will assist the association in the even...
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Add to cartPreparing a bid request includes which of the following: 
A. Verifying References. 
B. Identifying potential contractors. 
C. Recommending a contractor to the board. 
D. Verifying contractor insurance. - ANSWER B 
 
Legal review prior to executing a contract will assist the association in the even...
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 
 
2. Fidelity insurance provides coverage to ensure that the: 
a. board will meet its fiduciary obligations. 
b....
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Add to cartQuorum 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 
 
2. Fidelity insurance provides coverage to ensure that the: 
a. board will meet its fiduciary obligations. 
b....
Risk Management - ANSWER The process of making and carrying out decisions that will minimize the adverse effects of accidental losses upon the community association. 
 
Contractual transfer - ANSWER Involves entering into a contract that will, among other things, transfer the community association'...
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Add to cartRisk Management - ANSWER The process of making and carrying out decisions that will minimize the adverse effects of accidental losses upon the community association. 
 
Contractual transfer - ANSWER Involves entering into a contract that will, among other things, transfer the community association'...
Base line funding - ANSWER funding strategy to keep the reserve cash balance above zero. 
 
Chart of accounts - ANSWER assigned numbers for all accounts in an organization's general ledger. 
 
FHA - ANSWER regulates and influences items such as required amount of insurance an association must carry...
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Add to cartBase line funding - ANSWER funding strategy to keep the reserve cash balance above zero. 
 
Chart of accounts - ANSWER assigned numbers for all accounts in an organization's general ledger. 
 
FHA - ANSWER regulates and influences items such as required amount of insurance an association must carry...
. A work order/response form - A, B, and D speak to elements OTHER than a control to ensure maintenance work is completed. - ANSWER 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 warr...
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Add to cart. A work order/response form - A, B, and D speak to elements OTHER than a control to ensure maintenance work is completed. - ANSWER 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 warr...
. A work order/response form - A, B, and D speak to elements OTHER than a control to ensure maintenance work is completed. - ANSWER 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 warr...
Preview 3 out of 21 pages
Add to cart. A work order/response form - A, B, and D speak to elements OTHER than a control to ensure maintenance work is completed. - ANSWER 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 warr...
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