If the Event Objective Is Quality Rather Than Profitability, Then

question 13

Multiple Choice

If the event objective is quality rather than profitability, then:

• A)over-concentration on costs might well damage the success of the event.
• B)a sponsor is needed.
• C)the organiser should create a profit-focus team.
• D)the organiser should create a quality-focus team.

---

Definitions:

Opening Stock

The value of inventory that a company has on hand at the beginning of an accounting period.

Variable Costs

Costs that vary directly with the level of production or sales volume, such as materials and labor.

Fixed Overheads

Costs that do not vary with the level of production or sales activity, such as rent, salaries, and insurance.

Variable Cost Per Unit

The amount of variable expenses incurred to produce one unit of a product or service.