The break-even point is when total cost equals total revenue. - correct answer true
Which of the following is a non-controllable expense of a budget? - correct answer variable expenses
Which of the following is not an example of a check and balance in a financial control system? - c...
The break-even point is when total cost equals total revenue. - correct answer true
Which of the following is a non-controllable expense of a budget? - correct answer variable expenses
Which of the following is not an example of a check and balance in a financial control system? - correct
answer satisfaction of event organizer
Gross revenue is the total revenue after any costs have been deducted. - correct answer true
A last minute crisis that could lead to a price with a high premium is called a panic payment. - correct
answer true
Which one of the following is a controllable expense of a budget? - correct answer fixed expenses
If you deduct cost of goods sold from gross revenue, you get the following: - correct answer gross
profit
Revenue for an event can evolve from the following source: - correct answer merchandising, selling
tickets, charging admission
Budgets estimate net profit or net loss. - correct answer true
All events must be profit oriented. - correct answer false
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Rechga. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £10.87. You're not tied to anything after your purchase.
