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M100 Exam Questions with correct Answers 2023

CMCA M100 Questions And Answers | Verified Study Set

CMCA EXAM 2023 REAL EXAM 170 QUESTIONS AND CORRECT ANSWERS(VERIFIED ANSWERS)|A + GRADE Why are special membership meetings held? - ANSWER- To conduct specific business Executive sessions should typically be used for discussing which of the following issues: - ANSWER- Member's delinquency Which of the following is a duty of a manager attending a board meeting? - ANSWER- Be the time keeper. If the governing documents and laws present conflicting notice periods, follow: - ANSWER- State la...

CMCA - M100 Exam Questions and Answers

CMCA PRACTICE EXAM QUESTIONS Preparing a bid request includes which of the following: A. Verifying References. B. Identifying potential contractors. C. Recommending a contractor to the board. D. Verifying contractor insurance. - Correct answer-B Legal review prior to executing a contract will assist the association in the event that: A. A subcontractor is used. B. A performance bond is required. C. There is a budgetary shortfall. D. The board has questions or concerns. - Correct answer...

CMCA Practice Exam Quorum requirements conflicts are resolved by: 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 - Correct answer-A Fidelity insurance provides coverage to ensure that the: a. board will meet its fiduciary obligations. b. manager will faithfully follow all document provisions. c. association will be covered for shortfalls in the reserve accounts. d. association will recover any funds lost through ...

CMCA - M100 Exam With Complete Solutions Graded A+...

CMC 100 CONTRACT ADMINISTRATION FUNDAMENTALS: MODULE 4 ADMINISTRATION

Negligence - ANSWERSfailure to exercise a duty of care Ethics - ANSWERSlearning right from wrong and doing the right thing. Duty of Care - ANSWERSexercising the skill and care a reasonable person would i a similar situation Duty of Loyalty - ANSWERSacting solely in another parties interests when administering their assets Acceleration - ANSWERSthe collection of all assessments due thru the end of the fiscal year accrual basis of accounting - ANSWERSaccounting method that records i...