CMCA Practice Exam 2023
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 Ans- A
Fidelity insurance provides coverage to ensure that the:
a. board will meet its fiduciary obl...
CMCA Practice Exam 2023
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 Ans- 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 recover any funds lost through employee dishonesty Ans- D
Which types of management is the process of operating, maintaining, repairing, and replacing common
property?
a. human resources
b. facilities
c. financial
d. risk Ans- B
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. great its legal weight in a court of law Ans- D
Based on which type of requirements would you choose a contractor over the association to complete
work?
a. low urgency, cost adequate tools available
,b. high urgency, low supervision and training possibly needed
c. requires supervision, expertise required and low urgency
d. low costs, high urgency and borrowed tools Ans- C
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 Ans- D
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. Ans- D
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 Ans- A
What is a typical management control used to identify physical assets?
a. checklist
b. chart of information
c. inventory
d. calendar or schedule Ans- C
, 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
d. performance provisions Ans- A
Where can an individual find the owner and association's maintenance responsibilities?
a. the plat map
b. the declaration
c. the state statute
d. the lease Ans- B
At the monthly board meeting, it is the role of the manger to do all of the following except:
a. implement the decisions of the board
b. call for a vote on an issue
c. keep discussions on target
d. act as a resource to the board Ans- B
All of the following are goals of maintenance in a community association except:
a. meeting the needs of the residences
b. preserving and enhancing the common property
c. limiting injury to residences, guests and employees
d. increasing the association's profits Ans- D
The use of parliamentary procedure during meetings helps to ensure that:
a. quorum requirements are met
b. only effective motions are made
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