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CFRE Practice Exam

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CFRE Practice Exam 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 e ... mphasize 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. 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: - ✔✔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 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 consult [Show More]

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