RPTM 370 EXAM 1 Question and answers verified to pass
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RPTM 370 EXAM 1 Question and answers verified to pass RPTM 370 EXAM 1
5 basic forms of governance public assembly - correct answer 1. elected public body
2. elected public body with an independent board
3. public non-profit = commission or authority
4. private non-profit corporation
5. pr...
RPTM 370 EXAM 1
5 basic forms of governance public assembly - correct answer ✔1. elected
public body
2. elected public body with an independent board
3. public non-profit = commission or authority
4. private non-profit corporation
5. private corporation = partnership or public company
when the city/county or state government builds a facility - correct answer
✔owners will decide how it is run, managed by the governmental body that
built the building
University facility - correct answer ✔public or private owned, operate on-
campus facilities (performing arts centers, arenas, stadiums, conference
centers)
Authority or Commission facilities - correct answer ✔created by a
government entity, operated by an appointed board
can be more effective competitively than a government run facility
non-profit facilities - correct answer ✔most common is performing arts
centers
governance is dictated by the organization's membership
programming not mass appeal, but to enrich community
generate revenue through grants, donations, sponsorships
private facilities - correct answer ✔operate as a profit-driven business
, investors for financing
take more financial risk
influences that help determine whether a facility is publicly or privately owned
- correct answer ✔how ownership is structured (part of city? authority?)
political influences on management?
benefits of publicly owned facilities - correct answer ✔governmental
organizations can offer such advantages as city purchasing, exemption from
sales taxes and support from other city departments (same for parks
department)
benefits of private owned facilities - correct answer ✔helps facilitate clients
with a more profit-driven mission statement
new competition (arena being built nearby)
extraordinarily high operating costs due to things like public sector pensions
and benefit plans
focus is on generating revenues (public entities focus on controlling costs)
factors for building a facility - correct answer ✔competition
capacity
rigging capacity
willing to take financial risks
non-event revenue potential (sponsorship)
points of sale for concession and merchandise
labor rates
ease of access
cooperative media
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