Venue Management FINAL PASSED Exam
Questions and CORRECT Answers
The most important tool used to determine whether or not to build a public assembly venue -
Correct Answer- feasibility study
The _____ refers to the maximum number of people allowed by code in any given venue -
Correct Answer- capacity rating
T.I.F or ____, is assessed to local businesses that directly benefit from events in a venue -
Correct Answer- Tax Increment Financing
It is illegal to scalp a ticket for any event at any venue in the United States - Correct Answer-
FALSE
Which of the following is a key skill necessary for the successful venue manager? - Correct
Answer- Ability to negotiate, Entrepreneurial instincts, team-building abilities (ALL OF THE
ABOVE)
Most public assembly venues are built with private money - Correct Answer- FALSE
Net Revenue is pre-tax and fees - Correct Answer- FALSE
What is the money required to start a business? - Correct Answer- Start up Capitol
Operating Expenses are expenses incurred as a result of normal business operations - Correct
Answer- TRUE
An event director should monitor the progress of the planning and organization of event tasks
- Correct Answer- TRUE
Capacity is the number of programmed days at a venue - Correct Answer- FALSE
, Which is NOT one of the variables that help determine the appropriate event mix for a
venue? - Correct Answer- Management's personal preferences
Which of the following is NOT considered a venue life-safety system? - Correct Answer-
Access management system
Which of the following methods may be used to secure the necessary venue? - Correct
Answer- Run in-house, Use a local union, contract out (ALL OF THE ABOVE)
Which of the following is an example of a commercial right within a public assembly venue?
- Correct Answer- Pouring Rights, Sponsorship, Naming Rights (ALL OF THE ABOVE)
Guarantee is a fee charged by an artist to play a venue - Correct Answer- TRUE
Its common for Pro sports teams to manage the sports arenas/stadiums they occupy - Correct
Answer- TRUE
Promoters always make a profit on concerts in large- capacity arenas - Correct Answer-
FALSE
Which of the following determines how a particular venue is organized? - Correct Answer-
Mission, Venue Type, Purpose (ALL OF THE ABOVE)
The "drop count" refers to which of the following: - Correct Answer- Number of tickets that
were scanned as guests entered building
If you "challenge" a hold in front of you, you will get the date - Correct Answer- FALSE
Startup costs typical of of a live music venue: construction, rent, 3-months operating
expenses - Correct Answer- TRUE
In booking a concert the venue normally does not have a contract with the performer -
Correct Answer- TRUE
Questions and CORRECT Answers
The most important tool used to determine whether or not to build a public assembly venue -
Correct Answer- feasibility study
The _____ refers to the maximum number of people allowed by code in any given venue -
Correct Answer- capacity rating
T.I.F or ____, is assessed to local businesses that directly benefit from events in a venue -
Correct Answer- Tax Increment Financing
It is illegal to scalp a ticket for any event at any venue in the United States - Correct Answer-
FALSE
Which of the following is a key skill necessary for the successful venue manager? - Correct
Answer- Ability to negotiate, Entrepreneurial instincts, team-building abilities (ALL OF THE
ABOVE)
Most public assembly venues are built with private money - Correct Answer- FALSE
Net Revenue is pre-tax and fees - Correct Answer- FALSE
What is the money required to start a business? - Correct Answer- Start up Capitol
Operating Expenses are expenses incurred as a result of normal business operations - Correct
Answer- TRUE
An event director should monitor the progress of the planning and organization of event tasks
- Correct Answer- TRUE
Capacity is the number of programmed days at a venue - Correct Answer- FALSE
, Which is NOT one of the variables that help determine the appropriate event mix for a
venue? - Correct Answer- Management's personal preferences
Which of the following is NOT considered a venue life-safety system? - Correct Answer-
Access management system
Which of the following methods may be used to secure the necessary venue? - Correct
Answer- Run in-house, Use a local union, contract out (ALL OF THE ABOVE)
Which of the following is an example of a commercial right within a public assembly venue?
- Correct Answer- Pouring Rights, Sponsorship, Naming Rights (ALL OF THE ABOVE)
Guarantee is a fee charged by an artist to play a venue - Correct Answer- TRUE
Its common for Pro sports teams to manage the sports arenas/stadiums they occupy - Correct
Answer- TRUE
Promoters always make a profit on concerts in large- capacity arenas - Correct Answer-
FALSE
Which of the following determines how a particular venue is organized? - Correct Answer-
Mission, Venue Type, Purpose (ALL OF THE ABOVE)
The "drop count" refers to which of the following: - Correct Answer- Number of tickets that
were scanned as guests entered building
If you "challenge" a hold in front of you, you will get the date - Correct Answer- FALSE
Startup costs typical of of a live music venue: construction, rent, 3-months operating
expenses - Correct Answer- TRUE
In booking a concert the venue normally does not have a contract with the performer -
Correct Answer- TRUE
