Event Budget Flashcard
Flashcard
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others
•
12th Grade
•
Practice Problem
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Hard
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12 questions
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1.
FLASHCARD QUESTION
Front
Identifying potential financial risks associated with the event and implementing strategies to mitigate or transfer these risks to ensure the financial stability and success of the event.
Back
Financial Risk Management
2.
FLASHCARD QUESTION
Front
Negotiating contracts and pricing with suppliers, vendors, and service providers to secure favorable terms and ensure cost efficiency in procuring goods and services for the event.
Back
Vendor Negotiation
3.
FLASHCARD QUESTION
Front
Engaging in discussions with potential sponsors to secure financial support or in-kind contributions in exchange for brand exposure and marketing opportunities at the event.
Back
Sponsorship Negotiation
4.
FLASHCARD QUESTION
Front
The process of outlining financial goals, identifying available resources, and developing strategies to achieve those goals within the constraints of the event budget.
Back
Financial Planning
5.
FLASHCARD QUESTION
Front
Monitoring the inflow and outflow of cash to ensure there is sufficient liquidity to cover expenses and manage financial obligations throughout the event planning process.
Back
Cash Flow Management
6.
FLASHCARD QUESTION
Front
Evaluating the return on investment (ROI) of various expenditures and revenue-generating activities associated with the event to determine their effectiveness and impact on overall financial outcomes.
Back
ROI Analysis
7.
FLASHCARD QUESTION
Front
Negotiating and managing payment terms with vendors, sponsors, and other stakeholders to optimize cash flow and financial flexibility throughout the event planning and execution process.
Back
Payment Terms Management
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