MPI MN March 2021 CMP Prep Questions

These questions refer to Domain D (Financial Management).

1.  ASPs create online registrations.  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.  To achieve this goal, how would 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