CMCA Community Management
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 correct
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 correct 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 correct 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 correct answers· True X
· False
Which of the following community association committees typically
are assigned responsibilities related to elections, nominations, and
architectural standards?
· Standing committees
· Professional committees
· Ad hoc committees
· Mandatory committees correct answers· Standing committees
· Professional committees
· Ad hoc committees
· Mandatory committees X
, 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 correct 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 correct 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 correct 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.
· Management audit
· Management contract
· Management plan
· Management agreement correct answers· Management audit
· Management contract
· Management plan X
· Management agreement
A is established to deal with one-time issues
and make recommendations to the board within a specified time.
· Standing committees
· Professional committees
· Ad hoc committees
· Mandatory committees correct answers· Standing committees
· Professional committees
· Ad hoc committees X
· Mandatory committees
Budget, grounds, and social are typical examples of .
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 correct
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 correct 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 correct 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 correct answers· True X
· False
Which of the following community association committees typically
are assigned responsibilities related to elections, nominations, and
architectural standards?
· Standing committees
· Professional committees
· Ad hoc committees
· Mandatory committees correct answers· Standing committees
· Professional committees
· Ad hoc committees
· Mandatory committees X
, 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 correct 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 correct 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 correct 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.
· Management audit
· Management contract
· Management plan
· Management agreement correct answers· Management audit
· Management contract
· Management plan X
· Management agreement
A is established to deal with one-time issues
and make recommendations to the board within a specified time.
· Standing committees
· Professional committees
· Ad hoc committees
· Mandatory committees correct answers· Standing committees
· Professional committees
· Ad hoc committees X
· Mandatory committees
Budget, grounds, and social are typical examples of .
