Certified Meeting Professional (CMP) Practice Exam

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Prepare for the Certified Meeting Professional (CMP) Exam with a comprehensive quiz. Engage with multiple-choice questions designed to boost your knowledge and confidence. Unlock your full potential by studying effectively!

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Who is primarily responsible for funding the event?

  1. Event owner

  2. Budget owner

  3. Event attendees

  4. Procurement role

The correct answer is: Budget owner

The primary responsibility for funding the event typically lies with the budget owner. This individual or role is essentially tasked with managing the financial aspects of the event, which includes establishing the budget, allocating resources, and ensuring adherence to the financial plan throughout the event lifecycle. The budget owner has the authority to make financial decisions and is responsible for overseeing expenditures. While the event owner may set the direction and objectives for an event and attendees certainly play a role in contributing to its success, it is the budget owner who directly oversees the funding and financial management of the event. The procurement role, while involved in sourcing and negotiating for services and goods needed for the event, does not hold the primary responsibility for event funding.