What is NOT a defining characteristic of variance analysis?

Allots for a quick and easy form of management

What is the advantage of using retained earnings to finance facility development?

The organization maintains control of how the funds are used

Define the purpose of the vision statement.

defines what the org would like to achieve or accomplish

What is a community event?

Event that is smaller; appeals to specific geographical area

_______ goals all comprise the SMART principle.

Specific, measurable, attainable, realistic, and timely

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SEM 2100 Midterm Review

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Midterm review

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Questions 20

Answers

1
________ is the length of the experience.
Duration
Intensity
Memorability
Meaning
2
To calculate the initial costs of a project, all the estimated costs are prepared in a _______.
pro forma
budget analysis
proposal
business proposal
3
During a feasibility study, a manager may ask which of the following questions?
Is there a bid submission?
All of these
Where would we hold the event?
Is there enough time to produce the event?
4
_______ are often referred to as indirect costs
Hard costs
Variable costs
Fixed costs
Soft costs
5
What is NOT a defining characteristic of variance analysis?
Ex-post exam. of budgeted + actual figures w/actual figures
Serves as an early warning system
Identifies expenses that exceed estimates
Allots for a quick and easy form of management
6
What is the only stadium to host two Olympic Games (years: 1932 and 1984)?
White City Stadium
Panathenaic Stadium
Roman Colosseum
Los Angeles Memorial Coliseum
7
The NCAA championship is an example of a(n) ________ event.
mega
ancillary
recurring
traveling
8
How many stages are involved in the consumer decision process (CDP) model?
6
7
3
5
9
What dimension focuses on the emotion and feelings associated with the experience?
Immersion
Conative
Affective
Cognitive
10
It takes ____ months to produce a set of drawings + obtain permits before construction starts.
3-4
8-12
6-8
4-6
11
A capital project (is) _______.
all
typically requires large upfront cash outlays
has cash inflows/outflows over the course of the project
a long-term investment that increases the org’s assets
12
What is the advantage of using retained earnings to finance facility development?
None of these answers are correct
The organization becomes more viable for future investments
The company is able to re-invest into other facilities
The organization maintains control of how the funds are used
13
Define the purpose of the vision statement.
embodies the totality of the org and its true purpose
defines what the org would like to achieve or accomplish
none of these
defines the purpose of the organization
14
_______ costs are inclusive of hard costs.
Mixed
Soft
Variable
All of these
15
Traveling events are events that occur on a regular basis.
False
True
16
_______ categorizes based on people’s beliefs or attitudes.
Psychoanalytics
Psychoanalysis
Psychographics
Psychometrics
17
What is a community event?
Occurs on a reg basis, but at a diff location each year
Event that is smaller; appeals to specific geographical area
An event that occurs on a regular basis
Event that occurs in conjunction with another type of event
18
_______ goals all comprise the SMART principle.
Small, measurable, applicable, reasonable, time sensitive
Small, measurable, applicable, reasonable, and timely
Specific, measurable, attainable, realistic, and timely
Small, measurable, applicable, realistic, and timely
19
According to EMBOK there are three dimensions to event management, what are these dimensions?
Methods, domains, phases
Processes, domains, phases
Processes, areas, phases
Processes, domains, stages
20
What is the function of publicity?
Providing unsolicited coverage
Reaching a mass audience, though message is not controlled
Reaching a target audience
Allowing prospective customers to gather info from feedback

SEM 2100 Midterm Review Flashcards | StudBud