EVO501-P1

Needs Assessment is important for

• Determining the needs of the audience

• Understanding the needs of the stakeholders

• Determining the event’s requirements

• All of the answers

Needs Assessment is divided into 4 stages, first stage is review history, second stage is

• Align and set goals

• Identify gaps

• Identify audience

• None of the above

Budget can be described as

• The process of planning and preparing estimated revenue and expenses

• The process of spending money only

• The process of predicting the profit of the event only

The salary of the employees can be recognized as

• Fixed cost

• Variable cost

• Unwanted cost

Gifts for the audience can be recognized as

• Fixed cost

• Variable cost

• Unwanted cost

The first step to build your own budget is

• Develop a list of subcategories

• Develop a list of categories

• Assign dollars amount to every single item

Total Revenue= 50,000 RS, Registration fees= 100 SR/Person. What is the number of Attendees?

• 500 Attendees

• 5000 Attendees

• 50 Attendees

In order to calculate the net profit of your event, you should conduct the following calculation

• Total revenue + total expenses

• Total revenue – total expenses

• Total revenue X total expenses

Make realistic projections on the revenue side of equation; projection can be described as

• Prediction

• Assumption

• Temptation

• None of the answers

The last step of building your event’s budget is

• Entering the information into a spreadsheet

• Creating categories

• Assigning dollars to every single item in the budget