CMCA Practice Exam 2023

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 c. the board considers one item of business at a time d. the presiding officer is knowledgeable of meeting procedures Ans- C GAAP requires which statement for year-end reports for a community association? a. cash flows b. auditing c. compilation d. budgeting Ans- A When developing rules, the rules must be capable of: a. uniform enforcement b. modiciations and revisions c. limited interpretations d. selective enforcement Ans- A If you prepare a maintenance responsibility chart for your community association, it must be based on all of the following except: a. bylaws and declaration b. board policies c. state statutes d. human resource policy Ans- D Who is responsible for selecting a contractor? a. board b. president c. manager d. owners/residents Ans- A A manager must take into consideration all of the following federal laws during the hiring process, except the: a. Americans with Disabilities Act of 1990 b. Immigration Reform and Control Act of 1986 c. Housing and Urban Recovery Act of 1983 d. Family and Medical Leave Act of 1993 Ans- C Which government agency regulates employee compensation or payment? a. FDIC b. FICA c. OSHA d. DOL Ans- D A legally binding contract should include all of the following provisions except: a. assignability b. waiver c. insurance d. severability Ans- C If a physical asset is to be replaced, the basis for an association's scheduled replacement consists of the: a. reserve study and replacement fund budget b. maintenance record and inspection report c. inspection checklist and reserve fund budget d. inspection report and analysis sheet Ans- A A closed board meeting may also be referred to as a: a. private session b. board session c. executive session d. committee session Ans- C All of the following are types of association meetings except: a. special meetings b. annual meetings c. ad hoc meetings d. owner meetings Ans- C A useful management control to record various maintenance services and information needed in case of an emergency is a maintenance: a. responsibility chart b. analysis sheet c. request form d. contact sheet Ans- D All of the following are key contract provisions except: a. standards of performance b. job site safety requirements c. the manner in which payments are made d. contractor's phone numbers Ans- D It is good practice for an association to include a disclaimer in its employee manual stating that: a. employment is based on experience and references b. it is not an implied contract or promise of employment c. employment may include a background check d. the association is not responsible for any possible injuries on the job Ans- B To get needed maintenance work performed, a manager must organize the maintenance work into basic categories and: