To Estimate the Scope and Scale of the Events Sector

question 5

Multiple Choice

To estimate the scope and scale of the events sector, an event professional could look at:

• A)a single aspect of the business.
• B)every part of the business.
• C)the component parts of the business.
• D)overlapping elements of the business.

---

Definitions:

Joint Production Process

A joint production process is a manufacturing activity that simultaneously produces multiple products from a common input or set of inputs.

Split-off Point

The stage in a production process where joint products are physically separated and can be further processed or sold.

Processed Further

Processed Further describes materials or products that undergo additional manufacturing or development stages to add value before final sale.

Manufacturing Cycle Efficiency

A measure of the efficiency of the production process, calculated as the ratio of value-added time to the total cycle time.