ALL CORRECT & 100% VERIFIED ANSWERS|ACTUAL
COMPLETE EXAM|ALREADY GRADED A+
1) Critiquing and rating the overall success of an event. 2) Developing an event profile from accurate
event statistics. ✔Correct Answer-Evaluation
Formalized statement of outcomes to be anticipated as a result of the educational process.
✔Correct Answer-Objective
Hiring an outside firm or individual to perform the task instead of using in-house staff; to subcontract
a task or responsibility to a third party. ✔Correct Answer-Outsourcing
ROI. Net Profit divided by Net Worth. A financial ratio indicating the degree of profitability. To
calculate, use event revenues minus program expenses divided by program expenses, multiplied by
100 to get the ROI %. ✔Correct Answer-Return on investment
All individuals who are invested in a project or event such as the sponsors, attendees, vendors, media
and others. ✔Correct Answer-Stakeholder
Long range plan of action for a company or organization. ✔Correct Answer-Strategic plan
A group of voluntary committee members with vested interests in program content who are
commonly used to establish direction for educational programs offered at association meetings.
✔Correct Answer-Educational programming committee
Method of doing research using a small group led by a facilitator. ✔Correct Answer-Focus group
1) Free-standing pavilion or light structure, often inside a facility, where printed or electronic
information is available. 2) A small enclosure for ticket sales, information, etc. ✔Correct Answer-
Kiosk
Structure of event program elements to achieve specific goals and objectives. ✔Correct Answer-
Program design
1) A research method based upon selecting a portion of a population for study. 2) Paperwork and
fees paid to a building by exhibitors for the right to serve food product. ✔Correct Answer-Sampling
Solicitation of opinions regarding services; questionnaire. ✔Correct Answer-Survey
4 or 5 participants query the main speaker from the stage with questions from the audience and
follow up questions. ✔Correct Answer-Audience reaction team
Method to increase audience participation by dividing all participants in discussion groups each of
which reports the group's findings and opinions during a following plenary session. ✔Correct
Answer-Buzz session
,CSP. Accredited designation offered by the National Speakers Association. This designation is earned
for extensive, documented speaking experience and client satisfaction. ✔Correct Answer-Certified
Speaking Professional (CSP)
An informal meeting for the purpose of discussion; usually of an academic or research nature and in
order to ascertain areas of mutual interest through exchange of ideas. Conducted as and when
convenient, but with little regularity. ✔Correct Answer-Colloquium
A discussion which takes place within a meeting, a public or private sitting or in one of the various
types of assembly or meeting. ✔Correct Answer-Debate
An individual who guides discussion and/or decision making. ✔Correct Answer-Facilitator
An interchange between an inner circle debating an issue and an outer circle of observers.
Individuals occasionally move from one circle to the other. ✔Correct Answer-Fishbowl
The presenter is questioned by a moderator on behalf of the audience. ✔Correct Answer-Interview
National Speakers Association. A member of the Convention Industry Council. ✔Correct Answer-
National Speakers Association (NSA)
1) Lecture and dialogue allowing participants to share experiences in a particular field under the
guidance of an expert discussion leader. 2) A meeting or series of meetings of from 10 to 50
specialists who have different specific skills but have a specific common interest and come together
for training or learning purposes. The work schedule of a seminar has the specific object of enriching
the skills of the participants. ✔Correct Answer-Seminar
An organization who locates and books speakers according to my specifications and budget.
✔Correct Answer-Speakers bureau
A meeting of a number of experts in a particular field, at which papers are presented and discussed
by specialists on particular subjects with a view to making recommendations concerning the
problems under discussion. ✔Correct Answer-Symposium
1) Meeting of several persons for intensive discussion. The workshop concept has been developed to
compensate for diverging views in a particular discipline or on a particular subject. 2) Informal and
public session of free discussion organized to take place between formal plenary sessions or
commissions of a congress or of a conference, either on a subject chosen by the participants
themselves or else on a special problem suggested by the organizers. 3) Training session in which
participants, often through exercises, develop skills and knowledge in a given field. ✔Correct
Answer-Workshop
Official authorization or approval; to provide with credentials; to send (an envoy) with letters of
authorization; to recognize or vouch for as conforming with a standard; to recognize a college as
maintaining academic standards; to consider or recognize as outstanding; approval given by various
trade associations to a travel agency allowing the sale of tickets and other accommodations.
✔Correct Answer-Accreditation
The organization who provides accrediation for Continuing Medical Education (CME). ✔Correct
Answer-Accreditation Council for Continuing Medical Education (ACCME)
,The organization who administers Continuing Legal Education and Mandatory Continuing Legal
Education courses (CLE and MCLE). ✔Correct Answer-American Bar Association (ABA)
Program and process by which a participant completes proscribed training and passes an
assessment. ✔Correct Answer-Certification
Structured educational and training experiences for personal or professional development.
✔Correct Answer-Continuing education
CEU. Requirement of many professional groups by which members must certify participation in
formal educational programs designed to maintain their level of ability beyond their original
certification date. CEUs are non-academic credit. One CEU is awarded for each 10 contact hours in an
accredited program. ✔Correct Answer-Continuing Education Unit (CEU)
Certified Association Executive. ✔Correct Answer-Certified Association Executive (CAE)
Certificate in Meeting Management. ✔Correct Answer-Certificate in Meeting Management (CMM)
1) Certified Meeting Professional. 2) Complete Meeting Package at conference centers; includes
lodging, all food and beverage, support services, including audio visual equipment, room rental, etc.
✔Correct Answer-Certified Meeting Professional (CMP)
Certified Professional Catering Executive. A certification program offered by the National Association
of Catering Executives (NACE). ✔Correct Answer-Certified Professional Catering Executive (CPCE)
Certified Special Event Professional; an earned designation from the International Special Events
Society (ISES). ✔Correct Answer-Certified Special Event Professional (CSEP)
Continuning education requirements for legal professionals are adminstered by the American Bar
Association (ABA). ✔Correct Answer-Continuing Legal Education (CLE)
Organizations offering this type of continuing education credits are accredited by the Accreditation
Council for Continuing Medical Education (ACCME). ✔Correct Answer-Continuing Medical
Education (CME)
International Association for Continuing Education and Training. ✔Correct Answer-Internatinoal
Association for Continuing Education and Training (IACET)
Informative and instructional speech. ✔Correct Answer-Lecture
An ongoing process in which an individual actively seeks to understand and contribute to change.
✔Correct Answer-Lifelong learning
Mandatory continuning education requirements for legal professionals are adminstered by the
American Bar Association (ABA). ✔Correct Answer-Mandatory Continuing Legal Education (MCLE)
A needs assessment is an essential setp in ensuring that educational offerings are relevant to
attendees. The results of post-event evaluations can be as valuable as a needs assessment.
✔Correct Answer-Needs assessment
The point at which revenues are equal to expenses. ✔Correct Answer-Break-even point
, The transfer of monies into and out of an enterprise. ✔Correct Answer-Cash flow
The day-to-day cost of doing business that is pre-committed, such as salaries, insurance, lease
expenses, utilities, etc. ✔Correct Answer-Fixed costs
Building an event budet by analyzing both the projected and actual figures from the previous year's
budget. ✔Correct Answer-Incremental budgeting
Also called overhead or administrative costs, these are expenses not directly related to the event.
They can include salaries, rent, and building and equipment maintenance. ✔Correct Answer-
Indirect costs
Expenses that vary based upon various factors, such as the number of attendees . ✔Correct
Answer-Variable costs
Building an event budget on estimates of potential income and likely expenses because there is no
financial history from prior events available to use. ✔Correct Answer-Zero-based budgeting
1) An accounting method that enters income and expenses into the books at the time of contract
versus when payment is received or expenses incurred (cash accounting). 2) A system in which
revenue and expenses are accounted for as soon as they are committed. ✔Correct Answer-Accrual
accounting
Amount of money paid to secure a room, facility or service in advance. ✔Correct Answer-Advance
deposit
A/V. Equipment, materials, and teaching aids used in sound and visual presentations, such as
television monitors, video, sound equipment, etc. ✔Correct Answer-Audiovisual
A statement that indicates overall financial status by subtracting expenses from income. ✔Correct
Answer-Balance sheet
Notice as to how charges for an event should be handled and to whom invoices should be addressed.
✔Correct Answer-Billing instructions
A statement of estimated revenues and expenditures for a specified period of time; divided into
subject categories and arranged by principal areas of revenue and expense. See BUDGET CHART. See
Also CASH FLOW CHART, PHASED BUDGET. ✔Correct Answer-Budget
A system in which revenue and expenses are counted as they are actually received. ✔Correct
Answer-Cash accounting
A detailed list of the individual line items that make up the revenue and expense categories in a
budget. A numbering system used to identify every line item in a budget, so income and expenses
are posted to the correct accounts. ✔Correct Answer-Chart of accounts
CFO. Executive responsible for financial affairs of an organization. ✔Correct Answer-Chief Financial
Officer (CFO)