October CMP Prep Questions

Here are the October questions.  Both refer to Domain D – Financial Management.

    ASPs create online programs.  ASP stands for:

        a. Association Service Provider

        b. Accounting/Sales Processor

        c. Access Services Procurer

        d. Application Service Provider


    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