Business associations Study guides, Class notes & Summaries
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M100 Community Association Management Exam Questions with correct Answers
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Each of the following are key characteristics of community associations EXCEPT: 
a. Mandatory lien-based economic charges or assessments are levied on each owner in order to operate and maintain the community association. 
b. Membership in the community association is mandatory and automatic for all owners. 
c. A requirement of community association ownership is serving on the board of directors. 
d. Certain documents bind all owners to be governed by the community association. - Answer- c. A r...
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Testbank to accompany Accounting: business reporting for decision making 7th edition by Birt et al. Not
- Exam (elaborations) • 19 pages • 2023 Popular
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Chapter 2: Accounting in society 
Learning objectives 
1. Identify the sources of company regulation in Australia 
Q1, Q2, Q3, Q4, Q5, Q49 
2. Explain the current standard-setting framework and the role of the professional accounting associations in the standard-setting process 
Q6, Q7, Q8, Q9, Q10, Q50, Q51 
3. Evaluate the role of the Conceptual Framework and illustrate the qualitative characteristics of financial statements 
Q11, Q12, Q13, Q14, Q15, Q16, Q17, Q18, Q19, Q20, Q21, Q22, Q23, Q52...
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M-100 Community Association Management 2023/ 2024 Exam| Questions and Verified Answers with Rationales| Grade A+
- Exam (elaborations) • 41 pages • 2023
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M-100 Community Association Management 2023/ 2024 Exam| Questions and Verified Answers with Rationales| Grade A+ 
 
Q: Each of the following are key characteristics of community associations 
EXCEPT: 
a. Mandatory lien-based economic charges or assessments are levied on each owner in order to operate and maintain the community association. 
b. Membership in the community association is mandatory and automatic for all owners. 
c. A requirement of community association ownership is serving on the ...
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M100 Community Association Management Exam Questions with correct Verified Answers (Latest Update 2024)
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M100 Community Association Management Exam Questions with correct Verified Answers (Latest Update 2024) 
 
Each of the following are key characteristics of community associations EXCEPT: 
a. Mandatory lien-based economic charges or assessments are levied on each owner in order to operate and maintain the community association. 
b. Membership in the community association is mandatory and automatic for all owners. 
c. A requirement of community association ownership is serving on the board of dir...
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M100 Community Association Management Exam (Latest 2023/ 2024) Questions and Verified Answers with Rationales| A+ Grade
- Exam (elaborations) • 43 pages • 2023
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M100 Community Association Management 
Exam (Latest 2023/ 2024) Questions and 
Verified Answers with Rationales| A+ Grade 
 
QUESTION 
True or false. The role of the professional community association manager is to make all 
decisions for the association and to delegate information-gath- ering and fact-finding support to 
the board of directors. 
 
Answer: 
 False 
The professional community association manager is charged with assisting the board of directors' 
decision making process by me...
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Business Associations (California Bar Exam) questions with correct answers
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How is a corporation formed? - Answer A document, referred to as the "articles of incorporation" or "charter," must be filed with the state. 
 
Business-judgment rule - Answer In the absence of fraud, illegality, or self-dealing, courts will not disturb the good-faith judgment of the directors or officers of a corporation. 
 
Promoter liability pre-incorporation - Answer Promoter is personally liable for knowingly acting on behalf of corp before incorporation, and remains liable after ...
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M-100 The Essentials of Community Association Management questions with correct answers
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Characteristics of a Community Association CORRECT ANSWER Mandatory membership 
Mutually binding documents 
Lien-based assessments 
 
Purposes of a Community Association CORRECT ANSWER Business - Not for profit 
Government - Runs like a mini-government 
Community - Mutual reasons for buying into area 
 
3 Basic Types of Community Associations CORRECT ANSWER Planned Community - Owners owns his lot/living unit and community owns common areas (tennis courts, basketball courts, etc.). 
Condominium -...
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M100 Exam 2023 Questions with correct Answers
- Exam (elaborations) • 11 pages • 2023
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Community Association - Answer- Mandatory memberships, mutually binding contracts, lien-based assements 
 
Purpose of community association - Answer- Provide for the community, business, and governance aspects of the association 
 
Basic types of community association - Answer- Planned communities, condominium, and cooperatives 
 
Planned community - Answer- HOA, owner association 
 
Condominium - Answer- Owner of his/her unit 
 
Cooperative - Answer- Owns stock/holds lease 
 
Types of community...
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Business Associations (California Bar Exam) questions and answers 2024
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Business Associations (California Bar Exam) questions and answers 2024
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Test Bank for Business Law and the Regulation of Business, 13th Edition by Richard A. Mann
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Test Bank for Business Law and the Regulation of Business 13e 13th Edition by Richard A. Mann, Barry S. Roberts. ISBN-13: 2625 
 
Full Chapters test bank included 
 
Part I: INTRODUCTION TO LAW AND ETHICS. 
1. Introduction to Law. 
2. Business Ethics. 
Part II: THE LEGAL ENVIRONMENT OF BUSINESS. 
3. Civil Dispute Resolution. 
4. Constitutional Law. 
5. Administrative Law. 
6. Criminal Law. 
7. Intentional Torts. 
8. Negligence and Strict Liability. 
Part III: CONTRACTS. 
9. Introduction to Contr...
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CA Bar Exam BUSINESS ASSOCIATIONS questions and answers CA Bar Exam BUSINESS ASSOCIATIONS questions and answers
- Exam (elaborations) • 21 pages • 2024
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CA Bar Exam BUSINESS ASSOCIATIONS questions and answers
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