What does the term facility management mean? - correct answer ✔✔the maintenance of an
organization's buildings and equipment.
What are some of the skills (competencies) a facility manager should possess? - correct answer ✔✔•
Space Management
• Personnel Management
• Upgrades/renovations
• Contracts
• Logistics
• Finance
• Law/Risk Management
What is eminent domain? - correct answer ✔✔Power of a government to take private property for
public use.
What are the various revenue sources for a sports facility? - correct answer ✔✔Ticket sales, Luxury
suites, Club seats, concessions, parking, Merchandise, sponsorships, Facility rentals, membership fees,
Student fees, Donations and Grants
What are the various expenses for a facility? - correct answer ✔✔Mortgage or rent, repairs, utilities,
taxes, marketing and sales, personnel, costs of goods sold, insurance
What are the 3 phases of event management? - correct answer ✔✔Organizing, Planning,
Implementation
What are some of the issues to be aware of during the preparation phase of constructing
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