What Does the Term 'Programming' Mean When Applied to Cultural

question 11

Multiple Choice

What does the term 'programming' mean when applied to cultural events and festivals?

• A) Organising the order and timings of acts and participants in cultural events
• B) Managing the relationship between the performers and the audience at a cultural event
• C) Developing links between festivals and local schools and colleges
• D) The process of choosing and presenting a set of events that are joined together by venue, content or organisation

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Definitions:

Real Rate of Interest

The rate of interest an investor expects to receive after adjusting for inflation, indicating the real cost of borrowing.

Nominal Rate

The stated interest rate on a loan or financial instrument, not adjusted for inflation.

Inflation

A general increase in prices and fall in the purchasing value of money.

Present Value

The valuation of an expected income stream determined by discounting the future income to the present using a discount rate.