CMCA Practice Exam UPDATED ACTUAL
Exam Questions and CORRECT Answers
GAAP requires which statement for year-end reports for a community association?
a. cash flows
b. auditing
c. compilation
d. budgeting - CORRECT ANSWER -A
When developing rules, the rules must be capable of:
a. uniform enforcement
b. modiciations and revisions
c. limited interpretations
d. selective enforcement - CORRECT ANSWER -A
If you prepare a maintenance responsibility chart for your community association, it must be
based on all of the following except:
a. bylaws and declaration
b. board policies
c. state statutes
d. human resource policy - CORRECT ANSWER -D
Who is responsible for selecting a contractor?
a. board
b. president
c. manager
d. owners/residents - CORRECT ANSWER -A
,A manager must take into consideration all of the following federal laws during the hiring
process, except the:
a. Americans with Disabilities Act of 1990
b. Immigration Reform and Control Act of 1986
c. Housing and Urban Recovery Act of 1983
d. Family and Medical Leave Act of 1993 - CORRECT ANSWER -C
Which government agency regulates employee compensation or payment?
a. FDIC
b. FICA
c. OSHA
d. DOL - CORRECT ANSWER -D
A legally binding contract should include all of the following provisions except:
a. assignability
b. waiver
c. insurance
d. severability - CORRECT ANSWER -C
If a physical asset is to be replaced, the basis for an association's scheduled replacement consists
of the:
a. reserve study and replacement fund budget
b. maintenance record and inspection report
c. inspection checklist and reserve fund budget
d. inspection report and analysis sheet - CORRECT ANSWER -A
A closed board meeting may also be referred to as a:
, a. private session
b. board session
c. executive session
d. committee session - CORRECT ANSWER -C
All of the following are types of association meetings except:
a. special meetings
b. annual meetings
c. ad hoc meetings
d. owner meetings - CORRECT ANSWER -C
A useful management control to record various maintenance services and information needed in
case of an emergency is a maintenance:
a. responsibility chart
b. analysis sheet
c. request form
d. contact sheet - CORRECT ANSWER -D
All of the following are key contract provisions except:
a. standards of performance
b. job site safety requirements
c. the manner in which payments are made
d. contractor's phone numbers - CORRECT ANSWER -D
It is good practice for an association to include a disclaimer in its employee manual stating that:
a. employment is based on experience and references
b. it is not an implied contract or promise of employment
c. employment may include a background check
Exam Questions and CORRECT Answers
GAAP requires which statement for year-end reports for a community association?
a. cash flows
b. auditing
c. compilation
d. budgeting - CORRECT ANSWER -A
When developing rules, the rules must be capable of:
a. uniform enforcement
b. modiciations and revisions
c. limited interpretations
d. selective enforcement - CORRECT ANSWER -A
If you prepare a maintenance responsibility chart for your community association, it must be
based on all of the following except:
a. bylaws and declaration
b. board policies
c. state statutes
d. human resource policy - CORRECT ANSWER -D
Who is responsible for selecting a contractor?
a. board
b. president
c. manager
d. owners/residents - CORRECT ANSWER -A
,A manager must take into consideration all of the following federal laws during the hiring
process, except the:
a. Americans with Disabilities Act of 1990
b. Immigration Reform and Control Act of 1986
c. Housing and Urban Recovery Act of 1983
d. Family and Medical Leave Act of 1993 - CORRECT ANSWER -C
Which government agency regulates employee compensation or payment?
a. FDIC
b. FICA
c. OSHA
d. DOL - CORRECT ANSWER -D
A legally binding contract should include all of the following provisions except:
a. assignability
b. waiver
c. insurance
d. severability - CORRECT ANSWER -C
If a physical asset is to be replaced, the basis for an association's scheduled replacement consists
of the:
a. reserve study and replacement fund budget
b. maintenance record and inspection report
c. inspection checklist and reserve fund budget
d. inspection report and analysis sheet - CORRECT ANSWER -A
A closed board meeting may also be referred to as a:
, a. private session
b. board session
c. executive session
d. committee session - CORRECT ANSWER -C
All of the following are types of association meetings except:
a. special meetings
b. annual meetings
c. ad hoc meetings
d. owner meetings - CORRECT ANSWER -C
A useful management control to record various maintenance services and information needed in
case of an emergency is a maintenance:
a. responsibility chart
b. analysis sheet
c. request form
d. contact sheet - CORRECT ANSWER -D
All of the following are key contract provisions except:
a. standards of performance
b. job site safety requirements
c. the manner in which payments are made
d. contractor's phone numbers - CORRECT ANSWER -D
It is good practice for an association to include a disclaimer in its employee manual stating that:
a. employment is based on experience and references
b. it is not an implied contract or promise of employment
c. employment may include a background check
