Events Exam 1 UPDATED Exam Questions and CORRECT Answers
0 view 0 purchase
Course
Events
Institution
Events
Events Exam 1 UPDATED Exam
Questions and CORRECT Answers
MEEC - Correct Answer- -Meetings
-Expositions
-Events
-Conventions
What is a meeting? - Correct Answer- -Gathering of people for a certain reason goal
APEX - Correct Answer- A series of industry developed standards
What is a meeting? - Correct Answer- -Gathering of people for a certain reason goal
APEX - Correct Answer- A series of industry developed standards
-Purpose of standards: compare ourselves to one another to see how we are doing- insurance
of quality and safety.
CIC convention industry council - Correct Answer- Made up of 19,000 properties and over
100,000 members
-Organization an Professionalization of MEEC industry. That runs and executes conferences
-Purpose: exchange information, keep up to date, credential
Events - Correct Answer- -Tourism is when you talk about these segments
-Hospitality is when you actually do it.
Lodging - Correct Answer- -most meeting and events have a lodging component
-most profitable and may or may not be an important part of an event
-incidental
Food and Beverage - Correct Answer- -very important at a wedding
-corporate meeting the likely vegetable choice is- selected by the chef
Transportation - Correct Answer- -Involves 3 things
1.getting there and back
,2.more important- while you are there: site selection- do i select a site that the transport is by
tram, bus, etc OR moving by foot
Attractions - Correct Answer- Important&can be central to an event
ex. meeting in las vegas or disney
Entertainment - Correct Answer- allied with attractions
Shopping - Correct Answer- -One of the most popular things to do BUT not a reason to
(generally)
-People on vacation will spend more on boutiques etc than they will at home
-Appeals more to women than to men, BUT has universal appeal because it YEAR AOUND,
WEATHER PROOF, everyone can do it and intergenerational(Karlism)
Economic Impact - Correct Answer- -1.87 million meetings held every year in US
-225 million people
-115 billion dollar industry
-1.78 million jobs
-larger than the sports industry
MBECs - Correct Answer- -Meetings & Business
-Events
-Competency Standards: industry continues to set better and higher standards
Standards are driven by two sources - Correct Answer- 1. consumer feedback
2. marketplace
Strategic Planning (12 domains) - Correct Answer- Every event is driven by its purpose
Project Management (12 domains) - Correct Answer- Is how we accomplish the goal- full of
parts
, Risk management(12 domains) - Correct Answer- -Needs to be central to everything that we
do
-Never 100% effective
-Standard for Risk Management: standard we use is what would a prudent person do. doing
what a reasonable person would do.
Financial Management(12 domains) - Correct Answer- -Budgets&managing them
-Contingency: back up plan! Something to implement, not IF but WHEN stuff happens
-Contingency in budgets for things to be more expensive
Administration (12 domains) - Correct Answer- -The process of overseeing and being sure
the project management is working
-Vision statement: where we want to go
-Mission statement: how we are going to get there
Stakeholder management (12 domains) - Correct Answer- -Managing the people
-What is a stakeholder?: someone who has ownership interest or another kind of interest
-We need to manage the expectation of the owner, the owner of a corporation expects a profit
and growth. we need to fulfill the expectation of the stakeholder, which can be the board of
directors of association, or corporation or the parents of the bride
-fulfilling expectation of stakeholder can be a profit or a goal
Site management (12 domains) - Correct Answer- managing the site-rent, suitability-
compatibility-safety&appropriateness
Marketing (12 domains) - Correct Answer- -Marketing for a corporate meeting? not they have
to go, it is their job
-association meeting:brought in by the vibrancy of the content
-technique vs method of acting(meryl streep: leading acress because of her technique to be
anything)
Marketing vs Sales - Correct Answer- Marketing=creating the need
-Sales= making the sale
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller MGRADES. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.49. You're not tied to anything after your purchase.
