HFT 2750 Exam Questions with
Verified Answers
what does APEX do? - ANSWER-brings together stakeholders in the development
and implementation of industry-wide accepted practices
purpose of APEX? - ANSWER--time and cost savings
-communication of shared data
-enhanced customer services
-streamlined systems and processes
-less duplication of effort and increased operational efficiencies
-better educated and professional employees
-solving common issues and problems
what are the 3 significant entities that hold meetings? - ANSWER--corporations
-associations
-government
what is the purpose of corporate meetings? - ANSWER-making a profit and
increasing the value of the corporation
What is the difference between private and public corporations? - ANSWER-Public
corporations:
-sell stock
-have a board of directors
-owned by stockholders
Private Corporations:
-owned privately
-stock is not sold
what is a corporate meeting? - ANSWER-Legally chartered enterprises that conduct
business on behalf of their owners with the purpose of making a profit and increasing
its value
purpose of corporate meetings? - ANSWER--train key personnel
-introduce new products
-develop long-term business plans
-provide publicity
-honor employees
components of corporate meetings - ANSWER--attendance is mandatory
-invitations required
, where does most of the income for an association come from? - ANSWER-
conventions/meetings
what are the three most important factors for a meeting? - ANSWER-rates, dates,
and space
What does SMERF stand for? - ANSWER--Social
-Military
-Educational
-Religious
-Fraternal
characteristics of SMERF groups - ANSWER--non-profit
-price conscious
-good source of business for slow months
-more recession-proof than other types of meetings
purpose of government meetings - ANSWER--employee training
-interdepartmental/ inter-agency
-agency employees and the general public interested in a topic
-legislative hearings and retreats
What does DMO stand for? - ANSWER-Destination Marketing Organization
what is a DMO? - ANSWER-A not-for-profit organization representing a specific
destination and helping its long-term economic development through its travel and
tourism industries
how are DMO's funded? - ANSWER--transient room taxes
-government budget allocations
-private memberships
what can DMO's do? - ANSWER--provide access to a range of services and
packages
-help locate meeting space
-check hotel availability
-arrange for site inspections
-link planners with suppliers
who are the members of a DMO? - ANSWER--hotels
-restaurants
-local attractions
-convention centers
-other vendors
True or false: DMO determines if a site can accomodate meeting's requirements? -
ANSWER-true
Verified Answers
what does APEX do? - ANSWER-brings together stakeholders in the development
and implementation of industry-wide accepted practices
purpose of APEX? - ANSWER--time and cost savings
-communication of shared data
-enhanced customer services
-streamlined systems and processes
-less duplication of effort and increased operational efficiencies
-better educated and professional employees
-solving common issues and problems
what are the 3 significant entities that hold meetings? - ANSWER--corporations
-associations
-government
what is the purpose of corporate meetings? - ANSWER-making a profit and
increasing the value of the corporation
What is the difference between private and public corporations? - ANSWER-Public
corporations:
-sell stock
-have a board of directors
-owned by stockholders
Private Corporations:
-owned privately
-stock is not sold
what is a corporate meeting? - ANSWER-Legally chartered enterprises that conduct
business on behalf of their owners with the purpose of making a profit and increasing
its value
purpose of corporate meetings? - ANSWER--train key personnel
-introduce new products
-develop long-term business plans
-provide publicity
-honor employees
components of corporate meetings - ANSWER--attendance is mandatory
-invitations required
, where does most of the income for an association come from? - ANSWER-
conventions/meetings
what are the three most important factors for a meeting? - ANSWER-rates, dates,
and space
What does SMERF stand for? - ANSWER--Social
-Military
-Educational
-Religious
-Fraternal
characteristics of SMERF groups - ANSWER--non-profit
-price conscious
-good source of business for slow months
-more recession-proof than other types of meetings
purpose of government meetings - ANSWER--employee training
-interdepartmental/ inter-agency
-agency employees and the general public interested in a topic
-legislative hearings and retreats
What does DMO stand for? - ANSWER-Destination Marketing Organization
what is a DMO? - ANSWER-A not-for-profit organization representing a specific
destination and helping its long-term economic development through its travel and
tourism industries
how are DMO's funded? - ANSWER--transient room taxes
-government budget allocations
-private memberships
what can DMO's do? - ANSWER--provide access to a range of services and
packages
-help locate meeting space
-check hotel availability
-arrange for site inspections
-link planners with suppliers
who are the members of a DMO? - ANSWER--hotels
-restaurants
-local attractions
-convention centers
-other vendors
True or false: DMO determines if a site can accomodate meeting's requirements? -
ANSWER-true
