What Is the Role of a Financial Plan in Event

question 9

Multiple Choice

What is the role of a financial plan in event planning?

• A) It gives an indication of the viability of an event, by balancing running costs against existing funds and event income
• B) It allows an event manager to assess whether the organisation has sufficient up-front funding to cover all the event costs
• C) It provides a line by line breakdown of costs for every aspect of a prospective event

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Definitions:

Clown

A performer, typically in circuses or children's entertainment, known for wearing exaggerated makeup and costumes to amuse or frighten with physical comedy and antics.

Salience

involves the state or condition of being prominent, most noticeable, or important at a given moment.

Associative Network

A theory that describes how ideas, images, and thoughts are linked together in the mind, creating a web of interconnected knowledge.

Accessible Schemas

Cognitive structures that hold knowledge and beliefs about specific subjects or experiences, which can be quickly and easily retrieved.