Exam Questions and CORRECT Answers
Where can an individual find the owner and association's maintenance responsibilities?
a. the plat map
b. the declaration
c. the state statute
d. the lease - CORRECT ANSWER B
At the monthly board meeting, it is the role of the manger to do all of the following except:
a. implement the decisions of the board
b. call for a vote on an issue
c. keep discussions on target
d. act as a resource to the board - CORRECT ANSWER B
All of the following are goals of maintenance in a community association except:
a. meeting the needs of the residences
b. preserving and enhancing the common property
c. limiting injury to residences, guests and employees
d. increasing the association's profits - CORRECT ANSWER D
The use of parliamentary procedure during meetings helps to ensure that:
a. quorum requirements are met
b. only effective motions are made
c. the board considers one item of business at a time
d. the presiding officer is knowledgeable of meeting procedures - CORRECT ANSWER C
,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