CMCA PRACTICE EXAM Q&A WITH COMPLETE SOLUTION 2022/2023

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Preparing a bid request includes which of the following: A. Verifying References. B. Identifying potential contractors. C. Recommending a contractor to the board. D. Verifying contractor insuran... ce. Legal review prior to executing a contract will assist the association in the event that: A. A subcontractor is used. B. A performance bond is required. C. There is a budgetary shortfall. D. The board has questions or concerns. Rather than describing the scope of work in detail in the contract, a manager may: A. Attach the bid specifications. B. Call each contractor to describe the job. C. Be on-site to oversee project content. D. Suggest the board meet the contractor to talk about the scope of work. In older condominiums, an association should have what type of contract covering mechanical equipment? A. Time and materials B. Specific repair C. Preventative maintenance For which project would a board most likely want to use a consultant to help develop bid specifications? A. Landscape renovation project B. Repairing and/or replacing roofs C. Painting the interior of lobbies and hallways D. Repairing HVAC and boilers In what type of contract would a waiver of lien be recommended? A. Repair of the HVAC system B. Re-roofing the buildings C. Repair of the pool pump D. Annual tree pruning In terms of compensation, a contract should state: A. Who provides insurance coverage B. Each employees rate to perform work C. When and on what terms payment(s) will be made D. Requirement for a payment bond Alternative dispute resolution includes which of the following methods? A. Mediation B. Subrogation C. Litigation D. Indemnification – Employment contracts need not included: A. Legal Sources B. Interests C. Termination D. Notice What is the best way to communicate managements expectation for an employee to complete regular and special tasks during a certain time-period? A. Job orientation B. Job duties C. Establishing performance goals D. Performance reviews When staff members help to develop policies and procedures, they are more: A. Likely to get acknowledged for their contributions. B. Committed to their job C. Committed to implement them D. Likely to be satisfied with their job Discipline as a part of the HR management can include: A. Counseling the employee B. Selecting using a progressive system C. Terminating an under-performing employee D. Gathering performance information from other employees Which tool is most effective for defining the employee’s duties? A. Personnel Policy B. Job Description C. Routine performance reviews D. State or local labor regulations The purpose of a personnel manual or employee handbook is to: A. Provide the format for job evaluations B. Define individual job descriptions C. Detail the programs the company offers D. Explain he employee rights and responsibilities What "duty" do the Board members and the manager have to the members? A. Accountability B. Loyalty C. Service D. Conduct Which of the following would impact the operation of a newly installed entry control system? A. Communicating the access control policy to residents B. Identifying warranty procedures C. Developing a capital replacement budget line item D. Informing the associations insurance agent Who has the ultimate responsibility for the care and maintenance of the common areas, facilities and physical property? A. The board of directors B. The association manager C. The developer until turnover D. The executive committee In an initial letter you end to an owner who has violated one of the associations adopted rules, which of the following is included? A. The amount of fine assessed B. Steps to amend the rules C. The offer to meet to hear the owner’s viewpoint D. What the outcome of similar cases has been When developing a rule, it must be consistent with: A. Fine schedules as approved by the courts B. Board recommendations and resolutions C. Guidelines established within the governing documents D. Applicable statutes and governing documents The primary purpose of a community association is to: A. Guarantee property tax benefits B. Protect the financial health of the owners C. Provide owners protection from municipal laws D. Deal with governance and business The Board of directors receives its authority to perform its specific duties through the: A. Community charter B. Governing Documents C. Board resolutions D. Board member job descriptions In preparing the association’s annual financial report, many governing documents specify: A. Retaining an independent tax specialist. B. Retaining an independent certified public accountant. C. The establishment of a finance committee D. The use of the management company's accountant Which of the following is within the authority of the Board of Directors? A. Creating By-laws B. Being paid for their service C. Establishing programs D. Amending the declaration In the hierarchy of a community associations governing documents, which of the following is the highest authority? A. Bylaws B. Articles of Incorporation C. Declaration D. Mortgage lender requirements When a dispute is mediated, an uninvolved third party facilitates discussion and: A. Makes the final judgement fr both parties B. Presents a decision which the parties are free to reject C. Assist both parties in reaching a mutually acceptable agreement D. Decision is binding upon both parties - You have a proprietary lease in XYZ development. Which of the following best describes your interest in the property? A. A time-share interest B. A divided interest C. An undivided interest D. Stock membership [Show More]

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