Securing Sponsorship for an Event Is Helpful Because Sponsors Provide

question 21

Short Answer

Securing sponsorship for an event is helpful because sponsors provide:
• Free tickets for future events
• Discount parking passes
• Extra employees to work the event
• Money or in-kind contributions in exchange for recognition

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Definitions:

Compensation

Payment or reward given to someone in exchange for their services, loss, or suffering, often in the form of money, benefits, or other valuable considerations.

Quorum

A quorum is the minimum number of members of a deliberative assembly (such as a board or committee) necessary to conduct the business of that group.

Majority Vote

A voting requirement where more than half of the votes cast by persons entitled to vote is needed to make a decision or pass a resolution.

MBCA

Model Business Corporation Act, a set of model laws implemented by some states to regulate the affairs of corporations.