Event Management Final UPDATED Exam
Questions and CORRECT Answers
The P-A-P-E-R Test can be used by organizers to maximize their events' value by considering
the useful framework of: - Correct Answer- Promotion-Audience-Partnerships-Environment-
Revenue.
The best place to begin the sports event management process is: - Correct Answer- At the
end, based on the organizer's vision of what the event will do for the organization.
To begin the actual process of planning an event, an organizer's objectives have to be
supported by: - Correct Answer- Tactics
The primary set of considerations of a development checklist to ensure the P-A-P-E-R Test is
being properly employed can be described as: - Correct Answer- Strategy-to-tactics
Which of the following most accurately describes the proper application of the P-A-P-E-R
Test? - Correct Answer- Organize secondary objectives for an event
Which of the following should come first in the event planning process? - Correct Answer-
Identify a primary objective for the event
Which of the following would be considered an event stakeholder? - Correct Answer- Title
Sponsor, Elected officials, & Athletes
(The answer is all of the above).
To calculate an event's gross potential: - Correct Answer- Multiply the number of tickets
within each price break by the price set for each price break.
Accepting VIK is most advantageous to sports organizers when: - Correct Answer- It can
offset an anticipated expense that would have otherwise been paid in cash
The merchandise "per cap" is: - Correct Answer- The amount of money expected in sales, on
average, from each attendee
, The guiding principles for securing an event sponsorship include - Correct Answer- The event
must deliver, provide, and create exposure.
(The answer is all of the above).
As a general rule for budgeting, the cost of a sponsorship should be considered an additional
expense to be billed to the sponsor. - Correct Answer- False
If the first pass at constructing an event budget falls short of expectations, the best thing to do
to "balance the books" is: - Correct Answer- Adjust the numbers so the bottom line meets the
event's financial goals.
Setting a budget with an event's revenues and costs must be done precisely the first time
because it is unprofessional and unethical to re-forecast financial performance going forward.
- Correct Answer- False
What revenue stream is considered the "lifeblood" of most sports event by event organizers? -
Correct Answer- Ticket Sales
'Spoilage' is a term most commonly used by sports event organizers regarding: - Correct
Answer- Merchandise that will not be successfully resold
In the absence of a proven track record, a good rule of thumb for event organizers is to budget
for a gross potential of: - Correct Answer- 80%
The best way to begin the event planning process is: - Correct Answer- To develop a list of
primary or fundamental tasks to be accomplished
Sports event managers actually spend more time planning than executing an event - Correct
Answer- True
The needs for an event organizer to plan and to build a team: - Correct Answer- Are
inextricably linked and must be done together
Elementary tasks: - Correct Answer- All of the Above
Questions and CORRECT Answers
The P-A-P-E-R Test can be used by organizers to maximize their events' value by considering
the useful framework of: - Correct Answer- Promotion-Audience-Partnerships-Environment-
Revenue.
The best place to begin the sports event management process is: - Correct Answer- At the
end, based on the organizer's vision of what the event will do for the organization.
To begin the actual process of planning an event, an organizer's objectives have to be
supported by: - Correct Answer- Tactics
The primary set of considerations of a development checklist to ensure the P-A-P-E-R Test is
being properly employed can be described as: - Correct Answer- Strategy-to-tactics
Which of the following most accurately describes the proper application of the P-A-P-E-R
Test? - Correct Answer- Organize secondary objectives for an event
Which of the following should come first in the event planning process? - Correct Answer-
Identify a primary objective for the event
Which of the following would be considered an event stakeholder? - Correct Answer- Title
Sponsor, Elected officials, & Athletes
(The answer is all of the above).
To calculate an event's gross potential: - Correct Answer- Multiply the number of tickets
within each price break by the price set for each price break.
Accepting VIK is most advantageous to sports organizers when: - Correct Answer- It can
offset an anticipated expense that would have otherwise been paid in cash
The merchandise "per cap" is: - Correct Answer- The amount of money expected in sales, on
average, from each attendee
, The guiding principles for securing an event sponsorship include - Correct Answer- The event
must deliver, provide, and create exposure.
(The answer is all of the above).
As a general rule for budgeting, the cost of a sponsorship should be considered an additional
expense to be billed to the sponsor. - Correct Answer- False
If the first pass at constructing an event budget falls short of expectations, the best thing to do
to "balance the books" is: - Correct Answer- Adjust the numbers so the bottom line meets the
event's financial goals.
Setting a budget with an event's revenues and costs must be done precisely the first time
because it is unprofessional and unethical to re-forecast financial performance going forward.
- Correct Answer- False
What revenue stream is considered the "lifeblood" of most sports event by event organizers? -
Correct Answer- Ticket Sales
'Spoilage' is a term most commonly used by sports event organizers regarding: - Correct
Answer- Merchandise that will not be successfully resold
In the absence of a proven track record, a good rule of thumb for event organizers is to budget
for a gross potential of: - Correct Answer- 80%
The best way to begin the event planning process is: - Correct Answer- To develop a list of
primary or fundamental tasks to be accomplished
Sports event managers actually spend more time planning than executing an event - Correct
Answer- True
The needs for an event organizer to plan and to build a team: - Correct Answer- Are
inextricably linked and must be done together
Elementary tasks: - Correct Answer- All of the Above
