CMCA BUNDLED Exams questions and complete correct answers

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. - correct answer B Legal review prior to executing a contract will assist the association in...

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 - correct answer C. A work order/response form - A, B, and D spea...

Statement of Revenue and Expense correct answer This report shows the activity over a period of time & therefore will indicate the amount of income received & expenses incurred, whether actual or accrued, for all activity of the association through the 8 months of the fiscal year. The report may als...

TRUE correct answer 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 do, something. d. retirement plan contributions correct answer When deciding whether to have staff members or a contractor perform a task,...