CMP Prep Questions: January 2019

The following CMP questions refer to Domain D – Financial Management. 

1. ASP's create online programs. ASP stands for:

a.    Association Service Provider

b.    Accounting/Sales Processor

c.    Access Services Procurer

d.    Application Service Provider

2. Your association is planning a regional meeting. Fifty attendees are anticipated, ten of whom are complimentary guests. Total fixed costs to the association are $150 per person. The association must clear $5,000 after all expenses are paid. In order to achieve this goal, how should the minimum registration fee be calculated?

a.    (50 x 150) / 50

b.    [(50 x 150) + 5000] / 40

c.    [(40 x 150) - 5000] / 40

d.    (50 x 150) / 40


Answers:

1.  d
2.  b