CMCA Exam UPDATED Exam Questions
and CORRECT Answers
wherein an individual owns stock or membership and holds a proprietary lease or occupancy
agreement for his/her living unit is which of the following?
a. resolution
b. cooperative
c. hearing notice
d. appeal - CORRECT ANSWER - b.
which of the following is an organization of homeowners in a large condominium or planned
unit development, which includes representatives for other smaller homeowner organizations?
a. master association
b. standing committee
c. community association
d. umbrella association - CORRECT ANSWER - a.
what is a formal written enactment of a legislative authority that governs a country, a state, city,
or county?
a. alternative dispute resolution
b. board liaison system
c. statute
d. management plan - CORRECT ANSWER - c.
,rules and ARC guidelines may not contradict or be in conflict with the legal sources that take
precedence over them. This defines which of the following?
a. public offering statement
b. management audit
c. hierarchy of authority
d. articles of incorporation - CORRECT ANSWER - c.
which of the following is a formal process designed to protect the right of all parties involved?
a. due process procedure
b. condominium
c. rule
d. mixed use development - CORRECT ANSWER - a.
this means to exempt an individual or entity from responsibility for claims made against the
organization and to reimburse the individual or entity for damages or expenses incurred as a
result of such claims?
a. hearing notice
b. management ethics
c. management audit
d. indemnification - CORRECT ANSWER - d.
based on which type of requirements would you choose a contractor over the association to
complete work?
a. low urgency, costs adequate tools available
b. high urgency, low supervision and training possibly needed
, c. requires supervision, expertise required, low urgency,
d. low costs high urgency and borrowed tools - CORRECT ANSWER - c.
what is a typical management control used to identify physical assets?
a. checklist
b. charts of information
c. inventory
d. calendar - CORRECT ANSWER - c.
when a contractor fails to perform to the terms of the contact which provision in the contract
allows the association to terminate?
a. default provisions
b. warranty provisions
c. insurance provisions
d. performance provisions - CORRECT ANSWER - a.
a legally binding contract should include all of the following provisions except:
a. assignability
b. waiver
c. insurance
d. severability - CORRECT ANSWER - c.
all of the following are criteria to be considered when recommending a contractor to the board
except?
and CORRECT Answers
wherein an individual owns stock or membership and holds a proprietary lease or occupancy
agreement for his/her living unit is which of the following?
a. resolution
b. cooperative
c. hearing notice
d. appeal - CORRECT ANSWER - b.
which of the following is an organization of homeowners in a large condominium or planned
unit development, which includes representatives for other smaller homeowner organizations?
a. master association
b. standing committee
c. community association
d. umbrella association - CORRECT ANSWER - a.
what is a formal written enactment of a legislative authority that governs a country, a state, city,
or county?
a. alternative dispute resolution
b. board liaison system
c. statute
d. management plan - CORRECT ANSWER - c.
,rules and ARC guidelines may not contradict or be in conflict with the legal sources that take
precedence over them. This defines which of the following?
a. public offering statement
b. management audit
c. hierarchy of authority
d. articles of incorporation - CORRECT ANSWER - c.
which of the following is a formal process designed to protect the right of all parties involved?
a. due process procedure
b. condominium
c. rule
d. mixed use development - CORRECT ANSWER - a.
this means to exempt an individual or entity from responsibility for claims made against the
organization and to reimburse the individual or entity for damages or expenses incurred as a
result of such claims?
a. hearing notice
b. management ethics
c. management audit
d. indemnification - CORRECT ANSWER - d.
based on which type of requirements would you choose a contractor over the association to
complete work?
a. low urgency, costs adequate tools available
b. high urgency, low supervision and training possibly needed
, c. requires supervision, expertise required, low urgency,
d. low costs high urgency and borrowed tools - CORRECT ANSWER - c.
what is a typical management control used to identify physical assets?
a. checklist
b. charts of information
c. inventory
d. calendar - CORRECT ANSWER - c.
when a contractor fails to perform to the terms of the contact which provision in the contract
allows the association to terminate?
a. default provisions
b. warranty provisions
c. insurance provisions
d. performance provisions - CORRECT ANSWER - a.
a legally binding contract should include all of the following provisions except:
a. assignability
b. waiver
c. insurance
d. severability - CORRECT ANSWER - c.
all of the following are criteria to be considered when recommending a contractor to the board
except?
