Some of the factors to consider when conducting and analysing the feasibility of an event includes:

Risk, Time, Funding, Staffing, Support, Venue, Legal and Environment

Key benefits of conducting a feasibility study includes:

Improves project teams’ focus and narrows the business alternatives

The consequences of failing to apply for a mandatory Permit/License are:

Fines up to S$20,000 and suspension and/or Cancellation of license

P.E.S.T.L.E is an acronym that stands for:

Social, Technological, Economical, Environmental and Political

Some factors to consider when assessing the feasibility of an event venue includes the following:

Location, F&B, Layout, Capacity and Accessibility

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A2.1 and A2.2 Prepare Feasibility Study Plan for and Report Based on Company's Defined Format

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Questions 10

Answers

1
SWOT Analysis is a strategic tool to analyse strengths,weaknesses,originality & threats to the business and its industry
False
True
2
Some of the factors to consider when conducting and analysing the feasibility of an event includes:
Risk, Time, Funding, Staffing, Support, Venue, Mood and Environment
Risk, Time, Funding, Staffing, Support, Venue, Legal and Environment
Risk, Time, Funding, Staffing, Gender, Venue, Mood and Environment
Risk, Time, Funding, Staffing, Gender, Venue, Legal and Environment
3
The Singapore Police Force (SPF) processes the Temporary Fair Permit
False
True
4
Common sources of revenue may include: Advertising revenue, Merchandise sales and Booth sales
False
True
5
Key benefits of conducting a feasibility study includes:
Improves project teams’ focus and expands the business alternatives
Improves project teams’ focus and narrows the business alternatives
Identifies new opportunities and a valid reason to undertake the project
Identifies old opportunities and a valid reason to undertake the project
6
The consequences of failing to apply for a mandatory Permit/License are:
Fines up to S$20,000 and Imprisonment of 3 months
Fines up to S$2,000 and Caning
Fines up to S$20,000 and suspension and/or Cancellation of license
Fines up to S$20,000 and Imprisonment of 3 years
7
P.E.S.T.L.E is an acronym that stands for:
Social, Technological, Economical, Environmental and Physiological
Social, Technological, Economical, Environmental and Political
Social, Technological, Economical, Environmental and Psychological
Social, Technological, Event, Environmental and Political
8
Global recession due to Covid-19 is considered as an Environmental factor under the PESTLE framework
True
False
9
The tools used to perform a feasibility study include SWOT Analysis and PESTLE
True
False
10
Some factors to consider when assessing the feasibility of an event venue includes the following:
Location, F&B, Layout, Programming and Accessibility
Location, F&B, Amenities, Capacity and Approval
Location, F&B, Layout, Capacity and Accessibility
Location, F&B, Amenities, Capacity and Concepts

A2.1 and A2.2 Prepare Feasibility Study Plan for and Report Based on Company's Defined Format Flashcards | StudBud