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Club & Resort Management Begin Here Questions and Answers
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Club & Resort Management Begin Here Questions and Answers Which of the following is NOT required for a club to hold tax-exempt status? The club must be non-profit Members may not benefit financially Written policy does not discriminate against race, color, or religion (Written policy strictly ...

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  • December 10, 2024
  • 6
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • club resort management begin here questions and
  • which of the following is not one of the criteria
  • what type of a club do you think would desire tax

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  • CLU
  • CLU

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Club & Resort Management Begin Here
Questions and Answers
Which of the following is NOT required for a club to hold tax-exempt status? - answer
The club must be non-profit
Members may not benefit financially
Written policy does not discriminate against race, color, or religion
(Written policy strictly enforces the by-laws of the club.)

Which of the following is NOT one of the criteria necessary for an organization to be
considered a "club" as defined in this class? - answer There must be by-laws
There must be Membership Standards
(It must have tax-exempt status)
Members must share some common interest.

What type of a club do you think would desire tax-exempt status? - answer Equity
Club

Tax-exempt status might not be desired because: - answer it would limit the amount
of outside business the club could accept.

The Club's By-laws will outline all but which of the following: - answer Who will be
allowed to manage the facility.

The CMAA has set up guidelines to help define private clubs. They state there should
exist all but which of the following: - answer The club should be located near a major
metropolitan area.

In which type of club does the Board of Directors govern the operations? - answer
Equity Club

When the manager works for the members as opposed to the owner or the corporation,
it is which type of club? - answer Equity Club

An Equity club is owned by the members as opposed to the owner or the corporation, it
is which type of club? - answer True

A proprietary club must operate without making a profit - answer false

When considered expenses for a City Club, what comprises about 50% of the cost? -
answer Labor Expenses

City Club Amenities might include: - answer Cocktail lounges

, City Clubs are the second most common type of private club in the United States
numbering just over - answer 2,000

With a City Club, from what area will most of the revenue come? - answer Food and
Beverage

A Developer-Owned Country Club is typically held by the developer for 5-10 years after
all units in the development have been sold - answer false

When considering attributes of Equity Ownership of a Club, which of the following is
true: - answer Owned by members as shareholders

Robert Deman, the founder of Club corp., introduced the concept of "Members as
Kings". - answer True

There are 4 criteria necessary for an organization to be considered a club. Which is
NOT one of the four? - answer Must have set up by-laws
Must have established Membership Standards.
(Must hold tax-exempt status)
Members must share a common interest.
Members may not benefit financially from the club.

When operating a Country Club, which expense category was more than double the
others? - answer payroll

The Department of History at Tennessee Technological University in Cookeville,
Tennessee suggests that studying history is important EXCEPT the following reasons: -
answer To understand people who thought and acted differently than we do in our
own time
To make sense of a time radically different from our own time
(To better comprehend the game of golf)
To seek self-knowledge

The Middle English term which means: to form or gather into a mass; to join or combine
for common purpose; to form a club: - answer Clubbe

You'll recall that we had mentioned some basic criteria necessary before a gathering of
people could actually be considered a private club. This included things like the
members sharing a common interest, basic membership standards, written by-laws and:
- answer members could not benefit financially from the revenues

In the supplemental reading about "Ben Jonson and the Taverns of London," you
learned in every town and every neighborhood in Britain, at least one door lead into a.. -
answer Tavern

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