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Exam (elaborations)

CFRE Practice Exam Questions and Correct Answers | Latest Update

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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: ~~>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 en...

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  • September 10, 2024
  • 38
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • CFRE
  • CFRE
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MASTER01
1 | P a g e | © copyright 2024/2025 | Grade A+




CFRE Practice Exam Questions and
Correct Answers | Latest Update
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:


✓ ~~>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?


✓ ~~>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:


✓ ~~>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:


✓ ~~>the cost for maintenance and warranties.




Master01 | September, 2024/2025 | Latest update

, 2 | P a g e | © copyright 2024/2025 | Grade A+


The primary challenge in maintaining an effective relationship between a

donor and a fundraiser is:


✓ ~~>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:


✓ ~~>learn about the prospective donor's interests and link to the

organization.




The most essential factor in sending gift acknowledgement letters is:


✓ ~~>speed of delivery.




The first prospects to be asked to support any campaign are the:


✓ ~~>board members




In marketing, what does SWOT analysis stands for?


✓ ~~>strength, weakness, opportunities, threats




In order to be effective, it is essential that the vision and mission be

continually expressed by the organization's:



Master01 | September, 2024/2025 | Latest update

, 3 | P a g e | © copyright 2024/2025 | Grade A+


✓ ~~>leadership




When interviewing prospective fundraising employees, it is most important to

avoid:


✓ ~~>questions that may be construed as personal.




When developing a specific solicitation plan for an individual donor, the most

important considerations are:


✓ ~~>the connection between a prospective donor's passion and an

organization's need.




When soliciting leadership gifts for an organization, it is most important to:


✓ ~~>enlist the prospect's peers to make the visit.




A governing board's principal relationship is with the organization's:


✓ ~~>chief executive officer.




Which of the following responses best describes three hidden costs

encountered in a capital project?


✓ ~~>Fundraising, attrition, and inflation




Master01 | September, 2024/2025 | Latest update

, 4 | P a g e | © copyright 2024/2025 | Grade A+


In the context of rating prospective donors, LAI stands for:


✓ ~~>linkage, ability, interest.




In evaluating fundraising programs, the relationship between fundraising

costs and results is linked to each method used, the maturity of each

program, and


✓ ~~>previous performance.




An organization has decided to hire a local fundraising consultant to work in

its office one day per week to oversee and direct a campaign. The CEO has

asked you to ensure the organization's interests are protected. A contract

should be written establishing that the consultant will be paid:


✓ ~~>in accordance with a code of professional ethics.




Establishing the financial range of gifts that a donor will reasonably consider is

referred to as a donor:


✓ ~~>rating




The single most important element in a direct mail campaign is:


✓ ~~>the list of prospective new donors.




Master01 | September, 2024/2025 | Latest update

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