M-100: Community Association
Management-Study Guide Questions
with Actual Detailed Answers.
Why are special membership meetings held? - Answer To conduct specific business
Executive sessions should typically be used for discussing which of the following issues: -
Answer Member's delinquency
Which of the following is a duty of a manager attending a board meeting? - Answer Be the
time keeper.
If the governing documents and laws present conflicting notice periods, follow: - Answer
Follow state laws
If an owner fails to receive notice of a meeting, the association is not responsible if the owner: -
Answer Did not notify the association of their current address.
Board meeting minutes should include which of the following: - Answer Exact wording of each
motion.
If a proxy vote needs to be approved, the best option for an approver would be: - Answer The
secretary.
Where would a manager find guidelines regarding the association's responsibility for
maintaining physical assets? - Answer Board resolutions.
The primary management control tool for identifying whether the association needs to maintain
a particular property element is: - Answer Maintenance responsibility chart.
To determine which physical assets must be maintained by the association, the manager should:
- Answer Review the association governing documents.
Which of the following is a common management control for ensuring maintenance work is
performed in a timely manner? - Answer A work order/response form.
When monitoring maintenance of an association's swimming pool, which of the following
should be entered into a permanent log at regular intervals? - Answer Chlorine level readings.
, Which of the following is an example of an association control system? - Answer Frequent
neighborhood inspections.
A work order: - Answer Assigns maintenance tasks.
Which type of maintenance should be managed with a routine maintenance contract? - Answer
Cutting the grass
Which method is the best alternative to increasing assessments? - Answer Increasing income
by charging higher user fees.
When the Board reviews the proposed budget for approval, what should it consider? - Answer
The financial position of the association.
What is the primary source of requirements when developing the association's annual
maintenance budget? - Answer Governing documents.
When an association contracts out all of its service and has no employees, it is a best business
practice to: - Answer Negotiate contracts within the bidding process.
Directors and officers liability insurance is designed to cover claims resulting from: - Answer
Wrongful acts of employees of the association.
A component of building ordinance insurance coverage includes: - Answer Extra demolition.
Which of the following types of insurance coverage is one of limited value to a community
association? - Answer Assessment fee receivable
What section of an insurance policy describes the coverage limits, deductibles,
policy period, and premium? - Answer Declaration page(s
To provide for payment of the insurance deductible, you would: - Answer Allow for costs in the
operating budget.
Liability claims should be sent to the insurer: - Answer Without admitting negligence.
Management-Study Guide Questions
with Actual Detailed Answers.
Why are special membership meetings held? - Answer To conduct specific business
Executive sessions should typically be used for discussing which of the following issues: -
Answer Member's delinquency
Which of the following is a duty of a manager attending a board meeting? - Answer Be the
time keeper.
If the governing documents and laws present conflicting notice periods, follow: - Answer
Follow state laws
If an owner fails to receive notice of a meeting, the association is not responsible if the owner: -
Answer Did not notify the association of their current address.
Board meeting minutes should include which of the following: - Answer Exact wording of each
motion.
If a proxy vote needs to be approved, the best option for an approver would be: - Answer The
secretary.
Where would a manager find guidelines regarding the association's responsibility for
maintaining physical assets? - Answer Board resolutions.
The primary management control tool for identifying whether the association needs to maintain
a particular property element is: - Answer Maintenance responsibility chart.
To determine which physical assets must be maintained by the association, the manager should:
- Answer Review the association governing documents.
Which of the following is a common management control for ensuring maintenance work is
performed in a timely manner? - Answer A work order/response form.
When monitoring maintenance of an association's swimming pool, which of the following
should be entered into a permanent log at regular intervals? - Answer Chlorine level readings.
, Which of the following is an example of an association control system? - Answer Frequent
neighborhood inspections.
A work order: - Answer Assigns maintenance tasks.
Which type of maintenance should be managed with a routine maintenance contract? - Answer
Cutting the grass
Which method is the best alternative to increasing assessments? - Answer Increasing income
by charging higher user fees.
When the Board reviews the proposed budget for approval, what should it consider? - Answer
The financial position of the association.
What is the primary source of requirements when developing the association's annual
maintenance budget? - Answer Governing documents.
When an association contracts out all of its service and has no employees, it is a best business
practice to: - Answer Negotiate contracts within the bidding process.
Directors and officers liability insurance is designed to cover claims resulting from: - Answer
Wrongful acts of employees of the association.
A component of building ordinance insurance coverage includes: - Answer Extra demolition.
Which of the following types of insurance coverage is one of limited value to a community
association? - Answer Assessment fee receivable
What section of an insurance policy describes the coverage limits, deductibles,
policy period, and premium? - Answer Declaration page(s
To provide for payment of the insurance deductible, you would: - Answer Allow for costs in the
operating budget.
Liability claims should be sent to the insurer: - Answer Without admitting negligence.
