Venue Management 1 UPDATED ACTUAL QUESTIONS
AND CORRECT Answers
T/F: Auditoriums and theaters are considered similar true
types of venues
What is the difference between auditoriums and - Auditoriums are primarily designed to host conferences, speeches, seminars,
theaters? and presentations
- Theaters are specifically designed for artistic performances such as plays,
ballets, operas, and other stage shows.
T/F: An arena does not typically have a sloping floor True
, What venue has a sloping floor and a partially covered Amphitheaters venue has a sloping floor and a partially covered stage/lights.
stage/lights?
Are typical governmental policies and procedures
cumbersome to a venue?
What office will audit and review accounting for most A business office will audit and review accounting for most revenue-generating
revenue-generating activities at a venue? activities at a venue.
What are a venue's two most important commodities? time and space
T/F: A venue's ancillary revenue sources are significant True
to revenue streams.
Why is public perception is an important factor to It drives attendance and industry buzz.
determine the success of a public assembly venue?
T/F: International venue management principles and True
practices differ than those found in the United States.
What was the capacity of the earliest Roman Approximately 50,000, some say it could have possibly held as much as 87,000.
Colosseum?
Was audience demand and popularity of rock-n-roll a Beatles and Elvis
major contributor to the rise of public assembly venues
in the 1950's and 1960's
Public funding can combat the rising cost of Public funding can minimize operational risk and construction costs
constructing for public assembly venues?
T/F: Venue flexibility is a major competitive factor in True
developing a successful public assembly venue
What study is one of the most important tools used to A feasibility study
determine whether or not to build a public assembly
venue?
Some of the arguments used to support the - venues are an asset needed to remain competitive with rival cities/towns
construction and financing of public assembly venues - venues attract or retain professional sports franchises, major touring concerts,
are that: conventions, meetings, and trade shows
- venues represent an opportunity to enhance the community's quality of life
- venues help attract businesses that can stimulate the local economy.
The aspect that venues might generate a great deal of revenue for the owner is
not a strong selling point.
What was the first domed stadium and when did it Houston Astrodome and it was opened in 1965.
open?
What is a transient occupancy tax (TOT)? a special tax used to subsidize operating budgets of public assembly venues
and is assessed to out-of-town visitors. It is essentially a tax that is added to
vacation rentals/Hotels/Motels paid by "tourists or transient \occupants
AND CORRECT Answers
T/F: Auditoriums and theaters are considered similar true
types of venues
What is the difference between auditoriums and - Auditoriums are primarily designed to host conferences, speeches, seminars,
theaters? and presentations
- Theaters are specifically designed for artistic performances such as plays,
ballets, operas, and other stage shows.
T/F: An arena does not typically have a sloping floor True
, What venue has a sloping floor and a partially covered Amphitheaters venue has a sloping floor and a partially covered stage/lights.
stage/lights?
Are typical governmental policies and procedures
cumbersome to a venue?
What office will audit and review accounting for most A business office will audit and review accounting for most revenue-generating
revenue-generating activities at a venue? activities at a venue.
What are a venue's two most important commodities? time and space
T/F: A venue's ancillary revenue sources are significant True
to revenue streams.
Why is public perception is an important factor to It drives attendance and industry buzz.
determine the success of a public assembly venue?
T/F: International venue management principles and True
practices differ than those found in the United States.
What was the capacity of the earliest Roman Approximately 50,000, some say it could have possibly held as much as 87,000.
Colosseum?
Was audience demand and popularity of rock-n-roll a Beatles and Elvis
major contributor to the rise of public assembly venues
in the 1950's and 1960's
Public funding can combat the rising cost of Public funding can minimize operational risk and construction costs
constructing for public assembly venues?
T/F: Venue flexibility is a major competitive factor in True
developing a successful public assembly venue
What study is one of the most important tools used to A feasibility study
determine whether or not to build a public assembly
venue?
Some of the arguments used to support the - venues are an asset needed to remain competitive with rival cities/towns
construction and financing of public assembly venues - venues attract or retain professional sports franchises, major touring concerts,
are that: conventions, meetings, and trade shows
- venues represent an opportunity to enhance the community's quality of life
- venues help attract businesses that can stimulate the local economy.
The aspect that venues might generate a great deal of revenue for the owner is
not a strong selling point.
What was the first domed stadium and when did it Houston Astrodome and it was opened in 1965.
open?
What is a transient occupancy tax (TOT)? a special tax used to subsidize operating budgets of public assembly venues
and is assessed to out-of-town visitors. It is essentially a tax that is added to
vacation rentals/Hotels/Motels paid by "tourists or transient \occupants
