FREE CMCA MCQ Questions and Answers

Question 1

In the ABC development, you are under a proprietary lease. What best defines your interest in the property?

Accepted Answer

Stock membership

Answer

A divided interest

Answer

A time-share interest

Answer

An undivided interest

Question 2

When employees contribute to the development of policies and procedures, they are more likely to:

Accepted Answer

Committed to implement them

Answer

Likely to get acknowledged for their contributions.

Answer

Likely to be satisfied with their job

Answer

Committed to their job

Question 3

Which tool is best for outlining an employee's responsibilities?

Accepted Answer

Job Description

Answer

Routine performance reviews

Answer

Personnel Policy

Answer

State or local labor regulations

Question 4

An employee handbook or personnel document aims to:

Accepted Answer

Explain the employee rights and responsibilities

Answer

Define individual job descriptions

Answer

Provide the format for job evaluations

Answer

Detail the programs the company offers

Question 5

The operation of a newly installed entry control system would be affected by which of the following?

Accepted Answer

Communicating the access control policy to residents

Answer

Identifying warranty procedures

Answer

Informing the associations insurance agent

Answer

Developing a capital replacement budget line item

Question 6

Who is ultimately responsible for keeping the shared spaces, amenities, and property in good condition?

Accepted Answer

The board of directors

Answer

The association manager

Answer

The executive committee

Answer

The developer until turnover

Question 7

Which part of an insurance policy lists the limits of coverage, the deductible, the length of the policy, and the premium?

Accepted Answer

Declaration page(s)

Answer

Policy Endorsements

Answer

Policy conditions

Answer

Policy definitions

Question 8

What obligations does the association have under "Co-Insurance"?

Accepted Answer

Maintain certain limits of insurance

Answer

Cover the depreciated value of all association buildings

Answer

Pay the deductible

Answer

Provide insurance for homeowners

Question 9

Where can a manager locate policies pertaining to the association's responsibility to maintain the physical assets?

Accepted Answer

Board resolutions

Answer

Equipment warranties

Answer

Real estate sales contract

Answer

Governing documents

Question 10

A work order is defined as:

Accepted Answer

Assigns maintenance tasks

Answer

Identifies what needs to be done during the year

Answer

Documents current maintenance standards

Answer

Is a punch-list of maintenance needs

In the ABC development, you are under a proprietary lease.What best defines your interest in the property?

In the ABC development, you are under a proprietary lease.
What best defines your interest in the property?