CMCA Module 4 A Exam Questions & Answers 2024/2025
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Course
CMCA Module 4 A
Institution
CMCA Module 4 A
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...
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?
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.
Budget, grounds, and social are typical examples of ______________________.
· Standing committees
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