CMP EXAM Practice Test Questions with Accurate Solutions Graded A+
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Course
CMP - Certified Meeting Professional
Institution
CMP - Certified Meeting Professional
CMP EXAM Practice Test Questions with Accurate Solutions Graded A+
Evaluation - CORRECT ANSWER-1) Critiquing and rating the overall success of an event. 2) Developing an event profile from accurate event statistics.
Objective - CORRECT ANSWER-Formalized statement of outcomes to be anticipated...
CMP EXAM Practice Test Questions with Accurate
Solutions Graded A+
Evaluation - CORRECT ANSWER-1) Critiquing and rating the overall success of an
event. 2) Developing an event profile from accurate event statistics.
Objective - CORRECT ANSWER-Formalized statement of outcomes to be
anticipated as a result of the educational process.
Outsourcing - CORRECT ANSWER-Hiring an outside firm or individual to perform
the task instead of using in-house staff; to subcontract a task or responsibility to a
third party.
Return on investment - CORRECT ANSWER-ROI. Net Profit divided by Net Worth.
A financial ratio indicating the degree of profitability. To calculate, use event
revenues minus program expenses divided by program expenses, multiplied by 100
to get the ROI %.
Stakeholder - CORRECT ANSWER-All individuals who are invested in a project or
event such as the sponsors, attendees, vendors, media and others.
Strategic plan - CORRECT ANSWER-Long range plan of action for a company or
organization.
Educational programming committee - CORRECT ANSWER-A group of voluntary
committee members with vested interests in program content who are commonly
used to establish direction for educational programs offered at association meetings.
Focus group - CORRECT ANSWER-Method of doing research using a small group
led by a facilitator.
Kiosk - CORRECT ANSWER-1) Free-standing pavilion or light structure, often inside
a facility, where printed or electronic information is available. 2) A small enclosure for
ticket sales, information, etc.
Program design - CORRECT ANSWER-Structure of event program elements to
achieve specific goals and objectives.
Sampling - CORRECT ANSWER-1) A research method based upon selecting a
portion of a population for study. 2) Paperwork and fees paid to a building by
exhibitors for the right to serve food product.
Survey - CORRECT ANSWER-Solicitation of opinions regarding services;
questionnaire.
Audience reaction team - CORRECT ANSWER-4 or 5 participants query the main
speaker from the stage with questions from the audience and follow up questions.
,Buzz session - CORRECT ANSWER-Method to increase audience participation by
dividing all participants in discussion groups each of which reports the group's
findings and opinions during a following plenary session.
Certified Speaking Professional (CSP) - CORRECT ANSWER-CSP. Accredited
designation offered by the National Speakers Association. This designation is earned
for extensive, documented speaking experience and client satisfaction.
Colloquium - CORRECT ANSWER-An informal meeting for the purpose of
discussion; usually of an academic or research nature and in order to ascertain
areas of mutual interest through exchange of ideas. Conducted as and when
convenient, but with little regularity.
Debate - CORRECT ANSWER-A discussion which takes place within a meeting, a
public or private sitting or in one of the various types of assembly or meeting.
Fishbowl - CORRECT ANSWER-An interchange between an inner circle debating an
issue and an outer circle of observers. Individuals occasionally move from one circle
to the other.
Interview - CORRECT ANSWER-The presenter is questioned by a moderator on
behalf of the audience.
National Speakers Association (NSA) - CORRECT ANSWER-National Speakers
Association. A member of the Convention Industry Council.
Seminar - CORRECT ANSWER-1) Lecture and dialogue allowing participants to
share experiences in a particular field under the guidance of an expert discussion
leader. 2) A meeting or series of meetings of from 10 to 50 specialists who have
different specific skills but have a specific common interest and come together for
training or learning purposes. The work schedule of a seminar has the specific object
of enriching the skills of the participants.
Speakers bureau - CORRECT ANSWER-An organization who locates and books
speakers according to my specifications and budget.
Symposium - CORRECT ANSWER-A meeting of a number of experts in a particular
field, at which papers are presented and discussed by specialists on particular
subjects with a view to making recommendations concerning the problems under
discussion.
Workshop - CORRECT ANSWER-1) Meeting of several persons for intensive
discussion. The workshop concept has been developed to compensate for diverging
views in a particular discipline or on a particular subject. 2) Informal and public
session of free discussion organized to take place between formal plenary sessions
or commissions of a congress or of a conference, either on a subject chosen by the
participants themselves or else on a special problem suggested by the organizers. 3)
,Training session in which participants, often through exercises, develop skills and
knowledge in a given field.
Accreditation - CORRECT ANSWER-Official authorization or approval; to provide
with credentials; to send (an envoy) with letters of authorization; to recognize or
vouch for as conforming with a standard; to recognize a college as maintaining
academic standards; to consider or recognize as outstanding; approval given by
various trade associations to a travel agency allowing the sale of tickets and other
accommodations.
Accreditation Council for Continuing Medical Education (ACCME) - CORRECT
ANSWER-The organization who provides accrediation for Continuing Medical
Education (CME).
American Bar Association (ABA) - CORRECT ANSWER-The organization who
administers Continuing Legal Education and Mandatory Continuing Legal Education
courses (CLE and MCLE).
Certification - CORRECT ANSWER-Program and process by which a participant
completes proscribed training and passes an assessment.
Continuing education - CORRECT ANSWER-Structured educational and training
experiences for personal or professional development.
Continuing Education Unit (CEU) - CORRECT ANSWER-CEU. Requirement of
many professional groups by which members must certify participation in formal
educational programs designed to maintain their level of ability beyond their original
certification date. CEUs are non-academic credit. One CEU is awarded for each 10
contact hours in an accredited program.
Certified Association Executive (CAE) - CORRECT ANSWER-Certified Association
Executive.
Certificate in Meeting Management (CMM) - CORRECT ANSWER-Certificate in
Meeting Management.
Certified Meeting Professional (CMP) - CORRECT ANSWER-1) Certified Meeting
Professional. 2) Complete Meeting Package at conference centers; includes lodging,
all food and beverage, support services, including audio visual equipment, room
rental, etc.
Certified Professional Catering Executive (CPCE) - CORRECT ANSWER-Certified
Professional Catering Executive. A certification program offered by the National
Association of Catering Executives (NACE).
Certified Special Event Professional (CSEP) - CORRECT ANSWER-Certified
Special Event Professional; an earned designation from the International Special
Events Society (ISES).
, Continuing Legal Education (CLE) - CORRECT ANSWER-Continuning education
requirements for legal professionals are adminstered by the American Bar
Association (ABA).
Continuing Medical Education (CME) - CORRECT ANSWER-Organizations offering
this type of continuing education credits are accredited by the Accreditation Council
for Continuing Medical Education (ACCME).
Internatinoal Association for Continuing Education and Training (IACET) -
CORRECT ANSWER-International Association for Continuing Education and
Training.
Lecture - CORRECT ANSWER-Informative and instructional speech.
Lifelong learning - CORRECT ANSWER-An ongoing process in which an individual
actively seeks to understand and contribute to change.
Mandatory Continuing Legal Education (MCLE) - CORRECT ANSWER-Mandatory
continuning education requirements for legal professionals are adminstered by the
American Bar Association (ABA).
Needs assessment - CORRECT ANSWER-A needs assessment is an essential setp
in ensuring that educational offerings are relevant to attendees. The results of post-
event evaluations can be as valuable as a needs assessment.
Break-even point - CORRECT ANSWER-The point at which revenues are equal to
expenses.
Cash flow - CORRECT ANSWER-The transfer of monies into and out of an
enterprise.
Fixed costs - CORRECT ANSWER-The day-to-day cost of doing business that is
pre-committed, such as salaries, insurance, lease expenses, utilities, etc.
Incremental budgeting - CORRECT ANSWER-Building an event budet by analyzing
both the projected and actual figures from the previous year's budget.
Indirect costs - CORRECT ANSWER-Also called overhead or administrative costs,
these are expenses not directly related to the event. They can include salaries, rent,
and building and equipment maintenance.
Variable costs - CORRECT ANSWER-Expenses that vary based upon various
factors, such as the number of attendees .
Zero-based budgeting - CORRECT ANSWER-Building an event budget on estimates
of potential income and likely expenses because there is no financial history from
prior events available to use.
Accrual accounting - CORRECT ANSWER-1) An accounting method that enters
income and expenses into the books at the time of contract versus when payment is
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