Quiz Yourself – This Month’s CMP Questions

The following questions refer to Domain D – Financial Management.

1. ASPs 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