CFRE Practice Exam questions with correct answers

If a donor states that the amount of money an organization is asking for is very large, the best response is to tell the prospective donor that: CORRECT ANSWER the amount is large, but emphasize the value and long term impact of the gift. When is the most appropriate time to begin devoting time and energy into the development and nurturing of a relationship with a donor? CORRECT ANSWER Immediately upon receipt of the donor's first gift, irrespective of the gift size The primary purpose of rating an organization's prospective donors is to determine their: CORRECT ANSWER potential to give to the organization. When budgeting the costs for a new fundraising software package, in addition to the initial purchase and upgrades, a fundraiser also should factor in: CORRECT ANSWER the cost for maintenance and warranties. The primary challenge in maintaining an effective relationship between a donor and a fundraiser is: CORRECT ANSWER maintaining professional balance in the relationship. Based on based giving records, a fundraiser is visiting a prospective major gift donor for the first time. Because the prospective donor has never been visited by the organization, the most appropriate strategy is to: CORRECT ANSWER learn about the prospective donor's interests and link to the organization. The most essential factor in sending gift acknowledgement letters is: CORRECT ANSWER speed of delivery.