Random CMCA Practice Test Questions
With Correct Answers
Which /of /the /following /is /a /common /management /control /for /ensuring /maintenance /work /is
/performed /in /a /timely /manner?
A. /A /purchase /order /system
B. /An /equipment /warranties
C. /A /work /order/response /form
D. /A /contractor's /invoice /- /correct /answer(s) /✔✔ /C. /A /work /order/response /form /- /A, /B, /and
/D /speak /to /elements /OTHER /than /a /control /to /ensure /maintenance /work /is /completed.
The /primary /management /control /tool /for /identifying /whether /the /association /needs /to
/maintain /a /particular /property /element /is:
A. /Physical /inspections
B. /Association /bylaws
C. /Maintenance /responsibility /chart
D. /Community /asset /inventory /- /correct /answer(s) /✔✔ /C. /Maintenance /responsibility /chart
/along, /with /the /governing /documents, /defines /parameters /of /association /maintenance
/responsibility.
The /other /answers /have /no /bearing /on /necessity /of /maintenance /or /maintenance
/responsibility.
In /what /type /of /a /contract /would /a /waiver /of /lien /by /recommended?
,A. /Repair /of /the /HVAC /system
B. /Re-roofing /the /buildings
C. /Repair /of /the /pool /pump
D. /Annual /tree /pruning /- /correct /answer(s) /✔✔ /B. /Re-roofing /the /buildings /- /Large /contracts
/involving /significant /material /purchase /and/or /use /of /sub-contractors /commonly /include /lien
/waivers /and /should /be /recommended /to /the /board.
A, /C, /and /D /typically /do /not /include /significant /material /purchases /or /the /use /of /sub-
contractors /so /a /waiver /of /lien /is /not /necessary.
What /does /"Co-Insurance" /obligate /the /Association /to /do?
A. /Pay /the /deductible
B. /Maintain /certain /limits /of /insurance
C. /Cover /the /depreciated /value /of /all /association /buildings
D. /Provide /insurance /for /homeowners /- /correct /answer(s) /✔✔ /B. /Maintain /certain /limits /of
/insurance /- /Co-insurance /seeks /to /the /limits /of /insurance /in /place /at /the /time /of /a /loss /and
/speaks /to /insurance /obligation /for /the /parties /involved /in /the /claim.
When /an /association /contracts /out /all /of /its /services /and /has /no /employees, /it /is /a /best
/business /practice /to:
A. /Negotiate /contracts /within /the /bidding /process.
B. /Purchase /employment /practices /liability /insurance.
C. /Assume /the /contractors /carry /their /own /insurance /coverage.
D. /Increase /the /coverage /under /the /D&O /insurance /policy. /- /correct /answer(s) /✔✔ /A.
/Negotiate /contracts /within /the /bidding /process.
, If /an /owner /fails /to /receive /notice /of /a /meeting, /the /association /is /not /responsible /if /the
/owner:
A. /Did /not /notify /association /of /their /current /address.
B. /Does /not /usually /attend /the /meetings.
C. /Already /signed /the /petition /to /call /the /meeting.
D. /Shares /title /with /multiple /owners. /- /correct /answer(s) /✔✔ /A. /Did /not /notify /association /of
/their /current /address. /It /is /the /owner's /responsibility /to /provide /current /contact /information
/to /Management.
What /is /the /primary /source /of /requirements /when /developing /the /association's /annual
/maintenance /budget?
A. /Governing /documents
B. /State /law
C. /Annual /audit
D. /Reserve /Study /- /correct /answer(s) /✔✔ /A. /Governing /documents
The /best /reasoning /for /recommending /the /modified /accrual /accounting /method /is /that,
/compared /to /cash /accounting, /it:
A. /Will /make /future /audit /work /more /accurate.
B. /More /accurately /reflects /the /association's /financial /condition.
C. /Is /more /easily /understood /by /board /members.
D. /Can /be /accomplishment /more /quickly. /- /correct /answer(s) /✔✔ /B. /More /accurately /reflects
/the /association's /financial /condition. /Under /the /modified /accrual /basis, /also /sometimes
/referred /to /as /modified /cash /basis, /some /accounts, /such /as /assessment /income, /are
With Correct Answers
Which /of /the /following /is /a /common /management /control /for /ensuring /maintenance /work /is
/performed /in /a /timely /manner?
A. /A /purchase /order /system
B. /An /equipment /warranties
C. /A /work /order/response /form
D. /A /contractor's /invoice /- /correct /answer(s) /✔✔ /C. /A /work /order/response /form /- /A, /B, /and
/D /speak /to /elements /OTHER /than /a /control /to /ensure /maintenance /work /is /completed.
The /primary /management /control /tool /for /identifying /whether /the /association /needs /to
/maintain /a /particular /property /element /is:
A. /Physical /inspections
B. /Association /bylaws
C. /Maintenance /responsibility /chart
D. /Community /asset /inventory /- /correct /answer(s) /✔✔ /C. /Maintenance /responsibility /chart
/along, /with /the /governing /documents, /defines /parameters /of /association /maintenance
/responsibility.
The /other /answers /have /no /bearing /on /necessity /of /maintenance /or /maintenance
/responsibility.
In /what /type /of /a /contract /would /a /waiver /of /lien /by /recommended?
,A. /Repair /of /the /HVAC /system
B. /Re-roofing /the /buildings
C. /Repair /of /the /pool /pump
D. /Annual /tree /pruning /- /correct /answer(s) /✔✔ /B. /Re-roofing /the /buildings /- /Large /contracts
/involving /significant /material /purchase /and/or /use /of /sub-contractors /commonly /include /lien
/waivers /and /should /be /recommended /to /the /board.
A, /C, /and /D /typically /do /not /include /significant /material /purchases /or /the /use /of /sub-
contractors /so /a /waiver /of /lien /is /not /necessary.
What /does /"Co-Insurance" /obligate /the /Association /to /do?
A. /Pay /the /deductible
B. /Maintain /certain /limits /of /insurance
C. /Cover /the /depreciated /value /of /all /association /buildings
D. /Provide /insurance /for /homeowners /- /correct /answer(s) /✔✔ /B. /Maintain /certain /limits /of
/insurance /- /Co-insurance /seeks /to /the /limits /of /insurance /in /place /at /the /time /of /a /loss /and
/speaks /to /insurance /obligation /for /the /parties /involved /in /the /claim.
When /an /association /contracts /out /all /of /its /services /and /has /no /employees, /it /is /a /best
/business /practice /to:
A. /Negotiate /contracts /within /the /bidding /process.
B. /Purchase /employment /practices /liability /insurance.
C. /Assume /the /contractors /carry /their /own /insurance /coverage.
D. /Increase /the /coverage /under /the /D&O /insurance /policy. /- /correct /answer(s) /✔✔ /A.
/Negotiate /contracts /within /the /bidding /process.
, If /an /owner /fails /to /receive /notice /of /a /meeting, /the /association /is /not /responsible /if /the
/owner:
A. /Did /not /notify /association /of /their /current /address.
B. /Does /not /usually /attend /the /meetings.
C. /Already /signed /the /petition /to /call /the /meeting.
D. /Shares /title /with /multiple /owners. /- /correct /answer(s) /✔✔ /A. /Did /not /notify /association /of
/their /current /address. /It /is /the /owner's /responsibility /to /provide /current /contact /information
/to /Management.
What /is /the /primary /source /of /requirements /when /developing /the /association's /annual
/maintenance /budget?
A. /Governing /documents
B. /State /law
C. /Annual /audit
D. /Reserve /Study /- /correct /answer(s) /✔✔ /A. /Governing /documents
The /best /reasoning /for /recommending /the /modified /accrual /accounting /method /is /that,
/compared /to /cash /accounting, /it:
A. /Will /make /future /audit /work /more /accurate.
B. /More /accurately /reflects /the /association's /financial /condition.
C. /Is /more /easily /understood /by /board /members.
D. /Can /be /accomplishment /more /quickly. /- /correct /answer(s) /✔✔ /B. /More /accurately /reflects
/the /association's /financial /condition. /Under /the /modified /accrual /basis, /also /sometimes
/referred /to /as /modified /cash /basis, /some /accounts, /such /as /assessment /income, /are
