CMCA PRACTICE EXAM QUESTIONS AND 100

CMCA PRACTICE EXAM QUESTIONS AND 100%

VERIFIED CORRECT CORRECT ANSWER WERS

LATEST VERSION 2023 SCORE 100%, ACE

YOUR FIRST ATTEMPT

A board exercises its fiduciary responsibility by:

• Authorizing the manager to enforce rules
• Establishing internal controls
• Authorizing of a committee to adopt due process procedures
• Voting to eliminate parking rules - Correct Answer B

A component of building ordinance insurance coverage includes:

• Glass damage
• Extra Demolition
• Water damage
• Power failure - Correct Answer B

A significant decline in the amount of investments is most likely the result of:

• Failure to invest association funds properly
• Seasonal timing of expenses
• Expenditures out of reserve funds
• Failure to collect delinquent assessments - Correct Answer C

A work order:

• Documents current maintenance standards
• Identifies what needs to be done during the year
• Assigns maintenance tasks
• Is a punch-list of maintenance needs - Correct Answer C

Alternative dispute resolution includes which of the following methods?

• Mediation
• Subrogation

C.Litigation D.Indemnification - Correct Answer A

Board meeting minutes should include which of the following:

• names of all the members present
• summary of board remarks
• exact wording of each motion
• summary of owner comments - Correct Answer C

Community association managers must be familiar with Federal income tax

requirements and options because:

• The RS will intermittently interview the manager concerning tax filing status. 1 / 2

• States require managers to be knowledgeable in this area of community association

finance.

• Under federal tax code, all organizations are taxable on their income unless

specifically exempted.

• The accountant will require input from the community association when the tax return

is prepared. - Correct Answer C

Directors ad Officers liability insurance is designed to cover claims resulting from:

• Theft of funds by an association board member
• Wrongful acts of employees of the association
• Bodily injury of directors and officers
• Damage to board owner property - Correct Answer B

Discipline as a part of the HR management can include:

• Counseling the employee
• Selecting using a progressive system
• Terminating an under-performing employee
• Gathering performance information from other employees - Correct Answer A

Employment contracts need not included:

A.Legal Sources B.Interests C.Termination D.Notice - Correct Answer B

Executive sessions should typically be used for discussing which of the following

issues:

• Controversial issue
• Members Delinquency
• Landscapers service quality
• Propose rule change - Correct Answer B

For which project would a board most likely want to use a consultant to help develop bid specifications?A.Landscape renovation project

• Repairing and/or replacing roofs
• Painting the interior of lobbies and hallways
• Repairing HVAC and boilers - Correct Answer B

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

• The proxy giver
• The secretary
• A notary
• A witness - Correct Answer B
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