Term Flashcards
Categorization of people, organizations, or businesses by professional disciplines or primary areas of interest for the purpose of sales analysis or assignment
Market Segments
Event open to the public and usually requires an entrance fee
Public Exhibition
Material that is permanently flame resistant without chemical treatment.
Inherently Flame Resistant
Natural fibers topically treated with a chemical that reduces the fabric’s flammability to the extent that it becomes nearly noncombustible
Flame retardant
Difference between revenue received and variable costs incurred from a single attendee
Contributional margin
Facility’s standard, pre-established guest room rate
Rack rate
Housing for electrical outlets located in the floor, wall, or column
Gang box
Facility form to advise departments of changes in reservations or functions
Change order
Level or degree of audio volume
Gain
Term “200 Amp, three phase” pertains to
Power availability
Greatest amount of coverage possible that is stated on an insurance policy
Aggregate limit
Light source/instrument that illuminates any transparent or translucent material, and is used behind and above a presenter to give more depth and a better image when videotaping or using image magnification
Backlight
Iris is a device used to alter the
Size of a beam of light
- Servers offer a variety of hot/cold hors d’oeuvres on platters to guests at receptions
- Style of table service where guests serve themselves from platters presented by the server
- Specialized in-room service offered by a hotel, resort or cruise ship
Butler service
Area in a theater that includes the crossover and wings
Backstage
Width multiplied by the length of the area is used to calculate
Gross square feet/meters
Devices attached to the framework of an exhibition hall
Suspended elements
- Organization underwriting all or part of the costs of an event
- Individual who assumes all part of the financial responsibility for the event
Sponsor
Person(s) or organization(s) that have an impact on the success of an event or are affected by the event
Stakeholder
Select group which sets policies and makes basic decisions relative to a group or an event
Steering committee
Describes what the project is about
Scope statement
Adding extra features not included in scope statement that does not affect budget (not a good thing and can cause scope creep)
Gold plating
Provision sometimes used in contracts to accelerate deposit payment schedule or to demand full repayment of master account in the event of a default or lack of credit by the purchasing organization.
Acceleration Clause
- Accounting method that enters income and expenses into the books at the time of contract versus when payment is received or expenses incurred (cash accounting)
- System in which revenue and expenses are accounted for as soon as they are committed
Accrual Accounting (aka Cash Accounting)