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Exam (elaborations)

CMCA Module 4 A Exam Questions & Answers 2024/2025

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CMCA Module 4 A Exam Questions & Answers 2024/2025 Each of the following legal sources specify management authority and responsibilities for community association EXCEPT: · Survey data · State statute · Community association governing documents Court decisions - ANSWERS· Survey data X...

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  • October 28, 2024
  • 18
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • CMCA Module 4 A
  • CMCA Module 4 A
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CMCA Module 4 A Exam Questions &
Answers 2024/2025

Each of the following legal sources specify management authority and responsibilities for community
association EXCEPT:

· Survey data

· State statute

· Community association governing documents

Court decisions - ANSWERS· Survey data X

· State statute

· Community association governing documents

Court decisions



The basic authority is a community association lies with the developer.

· True

· False - ANSWERS· True

· False X



The board of directors in a community association has a ___________ to act in the best interests and for
the benefit of the community as a whole.

· Bond

· Fiduciary duty

· Ballot

· Quorum - ANSWERS· Bond

· Fiduciary duty X

· Ballot

· Quorum

,The "business judgment rule" means that if a board has exercised reasonable business judgment in
making a decision, the court will generally not consider the board negligent in its fiduciary duty.

· True

· False - ANSWERS· True X

· False



Which of the following community association committees typically are assigned responsibilities related
to elections, nominations, and architectural standards?

· Standing committees

· Professional committees

· Ad hoc committees

· Mandatory committees - ANSWERS· Standing committees

· Professional committees

· Ad hoc committees

· Mandatory committees X



The role of the professional community association manager is to make all decisions for the association
and to delegate information-gathering and fact-finding support to the board of directors.

· True

· False - ANSWERS· True

· False X



In which of the following forms of community association management is the association managed by
the board itself or by committees under the direction of the board?

· Management company

· Volunteer or self-managed

· Association-employed manager

· Municipal management - ANSWERS· Management company

· Volunteer or self-managed X

· Association-employed manager

, · Municipal management



An increase in assessment delinquencies that is NOT due to poor economy may be an example of a
warning sign or a weak management situation

· True

· False - ANSWERS· True X

· False



A _____________________ is a statement of goals and objectives approved by the board that includes
the yearly cycle of tasks that management should perform on the community association's behalf.

· Management audit

· Management contract

· Management plan

· Management agreement - ANSWERS· Management audit

· Management contract

· Management plan X

· Management agreement



A _____________________ is established to deal with one-time issues and make recommendations to
the board within a specified time.

· Standing committees

· Professional committees

· Ad hoc committees

· Mandatory committees - ANSWERS· Standing committees

· Professional committees

· Ad hoc committees X

· Mandatory committees



Budget, grounds, and social are typical examples of ______________________.

· Standing committees

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