Free CMCA Beginner's Questions and Answers

Question 1

What obligations does "Co-Insurance" place upon the Association?

Accepted Answer

Maintain certain limits of insurance

Answer

Pay the deductible

Answer

Provide insurance for homeowners

Answer

Cover the depreciated value of all association buildings

Question 2

If a member does not get notice of a meeting, the association is not liable if the member:

Accepted Answer

Did not notify association of their current address.

Answer

Already signed the petition to call the meeting.

Answer

Shares title with multiple owners.

Answer

Does not usually attend the meetings.

Question 3

Which of the following is included in the initial letter you write to an owner who broke one of the regulations the organization has established?

Accepted Answer

The offer to meet to hear the owner's viewpoint.

Answer

What the outcome of similar cases has been.

Answer

Steps to amend the rules.

Answer

The amount of fine assessed.

Question 4

Which project would a board be most likely to hire a consultant for assistance in creating bid specifications?

Accepted Answer

Specific state statues

Answer

General state statues

Answer

Federal statues

Answer

Articles of Incorporation

Question 5

Which is an example of an association control system?

Accepted Answer

Frequent neighborhood inspections

Answer

Posting police department information on building bulletin boards

Answer

Owner garage door locks

Answer

None of the above

Question 6

Where could a manager find rules about how the association should take care of the physical assets?

Accepted Answer

Board resolutions

Answer

Governing documents

Answer

Real estate sales contract

Answer

Equipment warranties

Question 7

Board members and the manager have what "duty" to members?

Accepted Answer

Loyalty

Answer

Conduct

Answer

Accountability

Answer

Service

Question 8

Contracts of employment are NOT required to include:

Accepted Answer

Interests

Answer

Legal sources

Answer

Notice

Answer

Termination

Question 9

As part of HR management, discipline might include:

Accepted Answer

Counseling the employee

Answer

Selecting using a progressive system

Answer

Gathering performance information from other employees

Answer

Terminating an under-performing employee

Question 10

The purpose of directors' and officers' liability insurance is to cover claims that come from:

Accepted Answer

Wrongful acts of employees of the association.

Answer

Bodily injury of directors and officers.

Answer

Damage to board owned property.

Answer

Theft of funds by an association board member.