100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
CMCA PRACTICE EXAM | QUESTIONS AND CORRECT ANSWERS RATED A+ | 2024/2025 $7.99   Add to cart

Exam (elaborations)

CMCA PRACTICE EXAM | QUESTIONS AND CORRECT ANSWERS RATED A+ | 2024/2025

 6 views  0 purchase
  • Course
  • CMCA
  • Institution
  • CMCA

CMCA PRACTICE EXAM | QUESTIONS AND CORRECT ANSWERS RATED A+ | 2024/2025 CMCA PRACTICE EXAM | QUESTIONS AND CORRECT ANSWERS RATED A+ | 2024/2025 CMCA PRACTICE EXAM | QUESTIONS AND CORRECT ANSWERS RATED A+ | 2024/2025

Preview 2 out of 10  pages

  • November 12, 2024
  • 10
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • CMCA
  • CMCA
avatar-seller
nursehailey
CMCA PRACTICE EXAM |
QUESTIONS AND CORRECT
ANSWERS RATED A+ | 2024/2025

What is the primary source of requirements when developing
the associations annual maintenance budget?
- correct answer - governing documents


When the board reviews the proposed budget for approval,
what should it consider?
- correct answer - the financial position of the association


What method is the best alternative to increasing association
assessments?
- correct answer - increasing income by charging higher user
fees


Why are special meetings held?
- correct answer - to conduct specific business


If an owner fails to receive notice of a meeting, the association
is not responsible if the owner:

, - correct answer - did not notify the association of their current
address


If the governing docs and laws present conflicting notice
periods, follow:
- correct answer - state laws


If a proxy vote needs to be approved, the best option for an
approver would be:
- correct answer - the secretary


Board meeting minutes should include:
- correct answer - exact wording of each motion


What is a duty of a manager attending a board meeting?
- correct answer - be the time keeper


Executive sessions should be used for discussing what?
- correct answer - members delinquency


What are the two essential financial documents the bod should
use to determine the amount of funds available for an
unbudgeted expense? - correct answer - balance sheet and
statement of revenue and expense

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller nursehailey. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $7.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

71498 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$7.99
  • (0)
  Add to cart