100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Random CMCA Practice Test Questions (Under Construction) With Verified Answers By Experts $9.59   Add to cart

Exam (elaborations)

Random CMCA Practice Test Questions (Under Construction) With Verified Answers By Experts

 5 views  0 purchase
  • Course
  • Random CMCA Practice (Under Constru
  • Institution
  • Random CMCA Practice (Under Constru

Random CMCA Practice Test Questions (Under Construction) With Verified Answers By Experts

Preview 4 out of 65  pages

  • May 7, 2024
  • 65
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers
  • Random CMCA Practice (Under Constru
  • Random CMCA Practice (Under Constru
avatar-seller
LECTUREHELLEN
Random CMCA Practice Test Questions And Correct
Answers (Under Construction)
1.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: C. A work order/response form - A, B, and D speak to elements OTHER than a control to ensure maintenance work is completed.
2.The primary management control tool for identifying whether the associa- tion needs to maintain a particular property element is:
A.Physical inspections
B.Association bylaws
C.Maintenance responsibility chart
D.Community asset inventory: C. Maintenance responsibility chart along,
with the governing documents, defines parameters of association
maintenance responsibil- ity.
The other answers have no bearing on necessity of maintenance or maintenance responsibility.
3.In what type of a contract would a waiver of lien by recommended? A.Repair of the HVAC system
B.Re-roofing the buildings
C.Repair of the pool pump
D.Annual tree pruning: B. Re-roofing the buildings - Large contracts involving significant material purchase and/or use of sub-contractors commonly include lien waivers and should be recommended to the board.
A, C, and D typically do not include significant material purchases or the use of sub-contractors so a waiver of lien is not necessary.
4.What does "Co-Insurance" obligate the Association to do?
A.Pay the deductible B.Maintain certain limits of insurance
C.Cover the depreciated value of all association buildings
D.Provide insurance for homeowners: B. Maintain certain limits of insurance - Co-insurance seeks to the limits of insurance in place at the time of a loss and speaks to insurance obligation for the parties involved in the claim.

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 LECTUREHELLEN. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $9.59. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

77254 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
$9.59
  • (0)
  Add to cart