MGT 410 EXAM 1 CH 1-5 AND TOURS 116
QUESTIONS WITH VERIFIED ANSWERS
Swag or Merch - CORRECT ANSWER FITB:
road term used to describe the merchandise sold on tour
Ancillary Event Revenues - CORRECT ANSWER FITB:
Term used for the average amount of concession or merch sales per person -
discussion.
- CORRECT ANSWER FITB:
Be able to calculate Gross Potential, and assess the best rental agreement given
flat
fee, % of door/sales, with or without caps.
Flat Rate- pay a one-time fee
Percentage - pay the venue a percentage of your ticket sales - CORRECT ANSWER
FITB:
Two traditional rental rate structures for a venue
Net Adjusted Gross Box Office Receipts - CORRECT ANSWER FITB:
NAGBOR stands for
Avails - CORRECT ANSWER FITB:
,"What are your _______?" What a promoter might say when calling a venue to
check
on dates and space.
Tertiary Markets - CORRECT ANSWER FITB:
First Tier City, Second Tier City and Third tier city or market commonly referred to
as:
International Association of Venue Managers - CORRECT ANSWER FITB:
What does IAVM stand for
Raked Floor - CORRECT ANSWER FITB:
Another name for a sloped floor?
Hotel/Motel bed tax - CORRECT ANSWER FITB:
Another name for Transient Occupancy Tax?
Scaling the house - CORRECT ANSWER FITB:
What is it called when coming up with different ticket prices for different seating
locations?
Request For Proposal - CORRECT ANSWER FITB:
RFP stands for?
, Packing the house
Comp tickets - CORRECT ANSWER FITB:
What is it called when you give away tickets just to fill the house?
Open floor
Permanent and/or portable seating
Permanent or portable stage - CORRECT ANSWER What are the primary
characteristics of an arena?
Time and Space - CORRECT ANSWER What are the two most important
commodities for a venue?
They enhance the event experience and help generate additional income for the
venue - CORRECT ANSWER How importance is the venue's ancillary revenue
sources with management?
How does in impact the quality of life for residents?
How does it contribute to the economic well-being of the community?
The answer to this one on the quiz was Feasibility Study - CORRECT ANSWER What
is the most important tool used to determine whether or not to build a public
assembly venue, as well as the type and size of venue to build?
Houston Astrodome - CORRECT ANSWER What was the first domed stadium that
opened in 1965?
QUESTIONS WITH VERIFIED ANSWERS
Swag or Merch - CORRECT ANSWER FITB:
road term used to describe the merchandise sold on tour
Ancillary Event Revenues - CORRECT ANSWER FITB:
Term used for the average amount of concession or merch sales per person -
discussion.
- CORRECT ANSWER FITB:
Be able to calculate Gross Potential, and assess the best rental agreement given
flat
fee, % of door/sales, with or without caps.
Flat Rate- pay a one-time fee
Percentage - pay the venue a percentage of your ticket sales - CORRECT ANSWER
FITB:
Two traditional rental rate structures for a venue
Net Adjusted Gross Box Office Receipts - CORRECT ANSWER FITB:
NAGBOR stands for
Avails - CORRECT ANSWER FITB:
,"What are your _______?" What a promoter might say when calling a venue to
check
on dates and space.
Tertiary Markets - CORRECT ANSWER FITB:
First Tier City, Second Tier City and Third tier city or market commonly referred to
as:
International Association of Venue Managers - CORRECT ANSWER FITB:
What does IAVM stand for
Raked Floor - CORRECT ANSWER FITB:
Another name for a sloped floor?
Hotel/Motel bed tax - CORRECT ANSWER FITB:
Another name for Transient Occupancy Tax?
Scaling the house - CORRECT ANSWER FITB:
What is it called when coming up with different ticket prices for different seating
locations?
Request For Proposal - CORRECT ANSWER FITB:
RFP stands for?
, Packing the house
Comp tickets - CORRECT ANSWER FITB:
What is it called when you give away tickets just to fill the house?
Open floor
Permanent and/or portable seating
Permanent or portable stage - CORRECT ANSWER What are the primary
characteristics of an arena?
Time and Space - CORRECT ANSWER What are the two most important
commodities for a venue?
They enhance the event experience and help generate additional income for the
venue - CORRECT ANSWER How importance is the venue's ancillary revenue
sources with management?
How does in impact the quality of life for residents?
How does it contribute to the economic well-being of the community?
The answer to this one on the quiz was Feasibility Study - CORRECT ANSWER What
is the most important tool used to determine whether or not to build a public
assembly venue, as well as the type and size of venue to build?
Houston Astrodome - CORRECT ANSWER What was the first domed stadium that
opened in 1965?
