CCEP Risk Management & Compliance 5

Question 1

A nonprofit association hosts an annual conference. Which tax compliance form is typically required to report honoraria payments to non-employee speakers exceeding $600?

Accepted Answer

1099-NEC

Answer

Honoraria and other non-employee compensation of $600 or more must be reported to the IRS using Form 1099-NEC.

Question 2

Which element of a security plan addresses the process for confirming that attendees are who they claim to be upon entry?

Accepted Answer

Credential verification / access control

Answer

Credential verification and access control procedures confirm attendee identity and authorization to enter specific areas of an event.

Question 3

An event planner is negotiating a contract clause that limits the maximum damages either party can recover in a dispute. This is known as a:

Accepted Answer

Limitation of liability clause

Answer

A limitation of liability clause caps the maximum amount one party can recover from the other, regardless of actual damages sustained.

Question 4

Which scenario represents an ethical compliance issue specifically relevant to CCEP-certified professionals?

Accepted Answer

Accepting a substantial undisclosed gift from a preferred vendor while recommending that vendor to a client

Answer

Accepting undisclosed gifts from vendors while recommending them creates a conflict of interest that violates professional ethics standards for certified event planners.

Question 5

Which standard practice helps ensure child safety compliance at events where minors are present without parents?

Accepted Answer

Requiring signed parental consent forms and implementing a lost child protocol

Answer

Parental consent forms and a documented lost child protocol are foundational compliance measures for events serving unaccompanied minors.

(CCEP) Certified Conference and Events Professional Practice Test

(CCEP) Certified Conference and Events Professional Practice Test

CCEP Risk Management & Compliance 5