Practice Exam
1. Quorum requirements conflicts are resolved by: A
a. state statute
b. the board of directors
c. a vote of those present at a meeting
d. appointment of a person as a proxy
2. Fidelity insurance provides coverage to ensure that D
the:
a. board will meet its fiduciary obligations.
b. manager will faithfully follow all document provi-
sions.
c. association will be covered for shortfalls in the re-
serve accounts.
d. association will recover any funds lost through em-
ployee dishonesty
3. Which types of management is the process of oper- B
ating, maintaining, repairing, and replacing common
property?
a. human resources
b. facilities
c. financial
d. risk
4. The higher a document's place in the hierarchy, the: D
a. harder it is to implement
b. greater its power with the board
c. more it is regulated legally
d. great its legal weight in a court of law
5. Based on which type of requirements would you C
choose a contractor over the association to complete
, CMCA 2025 (Certified Manager of Community Associations)
Practice Exam
work?
a. low urgency, cost adequate tools available
b. high urgency, low supervision and training possibly
needed
c. requires supervision, expertise required and low
urgency
d. low costs, high urgency and borrowed tools
6. Who is required to be present for an annual associa- D
tion membership meeting to conduct business?
a. the treasurer and the secretary
b. a quorum of the board of directors
c. all members of the board of directors
d. a quorum of the members
7. Which of the following would a condominium unit D
member's personal insurance policy cover when it is
the primary insurance policy?
a. wind damage to the roof of the member's unit.
b. bodily injury due to a slip and fall in the common
area in front of the member's unit.
c. bodily injury due to the association using the mem-
ber's automobile.
d. bodily injury due to a slip and fall within a member's
unit.
8. Community association governing documents and A
state statutes may require who to be involved in
preparing annual reports?
a. a CPA
b. the owners
, CMCA 2025 (Certified Manager of Community Associations)
Practice Exam
c. an ad hoc committee
d. the management company
9. What is a typical management control used to identify C
physical assets?
a. checklist
b. chart of information
c. inventory
d. calendar or schedule
10. When a contractor fails to perform to the terms of the A
contract, which provision in the contract allows the
association to terminate?
a. default provisions
b. warranty provisions
c. insurance provisions
d. performance provisions
11. Where can an individual find the owner and associa- B
tion's maintenance responsibilities?
a. the plat map
b. the declaration
c. the state statute
d. the lease
12. At the monthly board meeting, it is the role of the B
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
13. D
, CMCA 2025 (Certified Manager of Community Associations)
Practice Exam
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
14. The use of parliamentary procedure during meetings C
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
15. GAAP requires which statement for year-end reports A
for a community association?
a. cash flows
b. auditing
c. compilation
d. budgeting
16. When developing rules, the rules must be capable of: A
a. uniform enforcement
b. modiciations and revisions
c. limited interpretations
d. selective enforcement
17. If you prepare a maintenance responsibility chart for D
your community association, it must be based on all
of the following except:
a. bylaws and declaration
b. board policies