To Whom Are Public Sector Event Managers Ultimately Accountable

question 6

Multiple Choice

To whom are public sector event managers ultimately accountable?

• A) Shareholders
• B) Local citizens
• C) Local media
• D) Their colleagues
• E) Politicians

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Definitions:

Variable Selling Expense

Variable selling expense refers to costs that fluctuate with the volume of sales, such as commissions and shipping charges.

Traditional Format Income Statement

A financial statement format that separates operating activities from non-operating activities to reveal gross profit, operating income, and net income.

Contribution Format Income Statement

An income statement format that separates variable and fixed costs, making it easier to see the contribution margin.

Contribution Margin

The revenue remaining after deducting variable costs, which contributes to covering fixed costs and generating profit.