CMCA - Certified Manager of Community Associations Practice Test
CMCA FREE CMCA MCQ Questions and Answers 3
A budget ratification vote by the membership means:
Select your answer
A
The board must get majority homeowner approval before spending any money
B
The membership has the right to veto the board's adopted budget within a specified period, but if no rejection occurs the budget is deemed approved
C
The budget is prepared by the homeowners rather than the board
D
All budget decisions require unanimous consent of the association
Hint