CERTIFIED MEETING PROFESSIONAL EXAM REVIEW SOLVED QUESTIONS COMPLETE
ANSWERS GRADED A PLUS
Certified Meeting Professional Final Study Guide
2026/2027 Practice Questions Answers Questions and
Answers Verified Solutions Latest Update
Question:
Concession.
Answer:
1) Merchandise or refreshments sold on site, to individuals, in conjunction with an event. 2)
Contractual agreement where one party provides something of value to the other party in exchange
for something else, pending certain conditions.
Question:
Consideration.
Answer:
The inducement to a contract. The cause, motive, price, or impelling influence which induces a
contracting party to enter a contract.
Question:
Contract.
Answer:
An agreement between two or more parties that creates in each party a duty to do or not do
something and a right to performance of the other's duty or a remedy for the breach of the other's
duty. See COMMITMENT. See Also LETTER OF AGREEMENT. See Also Commitment Letter of
Agreement
Question:
Cut-off date.
Answer:
,Designated date when the facility will release a block of sleeping rooms to the general public. The
date is typically three to four weeks before the event. See RESERVATION REVIEW DATE. See
Also Reservation Review Date
Question:
Exclusive.
Answer:
Any agreement which limits who may provide specific products or services under certain conditions
to only one party. A general service contractor, for instance, may have an "exclusive" in a particular
facility, meaning that no other contractor is allowed to provide the same services or products in that
facility.
Question:
Force majeure.
Answer:
An event (e.g. war, labor strike, extreme weather, or other disruptive circumstances) or effect that
cannot be reasonably anticipated or controlled: a "fortuitous event." See ACT OF GOD. See Also
Act of God
Question:
General liability insurance.
Answer:
An insurance policy that provides protection against claims involving bodily injury and property
damage to third parties.
Question:
Good faith.
Answer:
A true and honest effort to uphold the law. (as in Good Faith Effort)
,Question:
Hold harmless.
Answer:
A type of indemnity clause that requires one party to fully protect the other from a claim asserted.
This would include the payment of costs or attorney fees.
Question:
Indemnification clause.
Answer:
A contract clause in which one party agrees to pay damages or claims that the other party may be
required to pay to another. For example, if a hotel is sued by an attendee that is injured at an event
due to the fault of the group, an indemnification clause might require the group to pay back the
hotel. Some times the law requires one party to indemnify another even without a specific clause.
Generally, the terms of the clause will be followed over the state law. See HOLD HARMLESS. See
Also Hold Harmless
Question:
Jurisdiction.
Answer:
1) The jobs that may be performed by a specific labor union. 2) The locality where a contractual
dispute is decided. 3) In law, the ability of a court to hear and decide a matter brought before it.
Question:
Liability.
Answer:
Legal responsibility. An obligation to pay an amount in damages. In a non-legal context, something
that is a negative factor.
, Question:
Liquidated damage clause.
Answer:
Part of a cancellation clause that outlines the amount of damages to be paid to the noncelling party
in the event of a cancellation.
Question:
Mediation.
Answer:
Dispute resolution process in which the parties use a third party to assist them in reaching a
compromise. The mediator may work with both sides together, or may act as "go between" in an
attempt to move the sides toward agreement. The mediator may act informally, or be appointed by a
judge or by agreement of the parties through an alternative dispute resolution organization like
American Arbitration Association (AAA) or Judicial Arbitration and Mediation Service (JAMS).
Unlike arbitration, a mediator is not empowered to impose a decision on the parties.
Question:
Non-performance.
Answer:
To neglect to carry out an agreement.
Question:
Offer.
Answer:
A promise, proposal or other expression of willingness to make and carry out a contract under
proposed terms with another party which has the ability to accept it upon receiving it. Space and rent
proposal from a facility. It may be in the form of a contract or license agreement.
Question:
ANSWERS GRADED A PLUS
Certified Meeting Professional Final Study Guide
2026/2027 Practice Questions Answers Questions and
Answers Verified Solutions Latest Update
Question:
Concession.
Answer:
1) Merchandise or refreshments sold on site, to individuals, in conjunction with an event. 2)
Contractual agreement where one party provides something of value to the other party in exchange
for something else, pending certain conditions.
Question:
Consideration.
Answer:
The inducement to a contract. The cause, motive, price, or impelling influence which induces a
contracting party to enter a contract.
Question:
Contract.
Answer:
An agreement between two or more parties that creates in each party a duty to do or not do
something and a right to performance of the other's duty or a remedy for the breach of the other's
duty. See COMMITMENT. See Also LETTER OF AGREEMENT. See Also Commitment Letter of
Agreement
Question:
Cut-off date.
Answer:
,Designated date when the facility will release a block of sleeping rooms to the general public. The
date is typically three to four weeks before the event. See RESERVATION REVIEW DATE. See
Also Reservation Review Date
Question:
Exclusive.
Answer:
Any agreement which limits who may provide specific products or services under certain conditions
to only one party. A general service contractor, for instance, may have an "exclusive" in a particular
facility, meaning that no other contractor is allowed to provide the same services or products in that
facility.
Question:
Force majeure.
Answer:
An event (e.g. war, labor strike, extreme weather, or other disruptive circumstances) or effect that
cannot be reasonably anticipated or controlled: a "fortuitous event." See ACT OF GOD. See Also
Act of God
Question:
General liability insurance.
Answer:
An insurance policy that provides protection against claims involving bodily injury and property
damage to third parties.
Question:
Good faith.
Answer:
A true and honest effort to uphold the law. (as in Good Faith Effort)
,Question:
Hold harmless.
Answer:
A type of indemnity clause that requires one party to fully protect the other from a claim asserted.
This would include the payment of costs or attorney fees.
Question:
Indemnification clause.
Answer:
A contract clause in which one party agrees to pay damages or claims that the other party may be
required to pay to another. For example, if a hotel is sued by an attendee that is injured at an event
due to the fault of the group, an indemnification clause might require the group to pay back the
hotel. Some times the law requires one party to indemnify another even without a specific clause.
Generally, the terms of the clause will be followed over the state law. See HOLD HARMLESS. See
Also Hold Harmless
Question:
Jurisdiction.
Answer:
1) The jobs that may be performed by a specific labor union. 2) The locality where a contractual
dispute is decided. 3) In law, the ability of a court to hear and decide a matter brought before it.
Question:
Liability.
Answer:
Legal responsibility. An obligation to pay an amount in damages. In a non-legal context, something
that is a negative factor.
, Question:
Liquidated damage clause.
Answer:
Part of a cancellation clause that outlines the amount of damages to be paid to the noncelling party
in the event of a cancellation.
Question:
Mediation.
Answer:
Dispute resolution process in which the parties use a third party to assist them in reaching a
compromise. The mediator may work with both sides together, or may act as "go between" in an
attempt to move the sides toward agreement. The mediator may act informally, or be appointed by a
judge or by agreement of the parties through an alternative dispute resolution organization like
American Arbitration Association (AAA) or Judicial Arbitration and Mediation Service (JAMS).
Unlike arbitration, a mediator is not empowered to impose a decision on the parties.
Question:
Non-performance.
Answer:
To neglect to carry out an agreement.
Question:
Offer.
Answer:
A promise, proposal or other expression of willingness to make and carry out a contract under
proposed terms with another party which has the ability to accept it upon receiving it. Space and rent
proposal from a facility. It may be in the form of a contract or license agreement.
Question:
