1.Web-based applications are preferred technology solutions for meeting manageme
ID: 344409 • Letter: 1
Question
1.Web-based applications are preferred technology solutions for meeting management tasks such as which of the following?
a. registration
b. housing
c. travel
d. all of the above
2.Zero-based budgeting refers to which of the following?
a. A budget where all line items begin at zero and are tracked towards 100.
b. First-time meetings, where no meeting budget history is available.
c. The bottom of a range on line items where a range on actual amounts has been calculated.
d. A budget where the actual expenses less actual income will equal zero.
3.Which of the following plans covers room rates and a set, daily credit per person that may be used at any outlet within the facility.
Full American Plan
b. Voucher Plan
c. European Plan
d. North American Plan
4.The CMP plan at conference centers includes which of the following components?
guest rooms
b. three meals a day
c. conference space
d. All of the above
5.The EP plan at conference centers includes which of the following components?
breakfast
b.guest rooms
c.lunch
d. All of the above
6.Some expenses for international meetings, can be anticipated, while some cannot. What should a meeting manager do to prepare for unexpected expenses?
use the FAP
b. hire a MAP
c. set up a 10-20% contingency expenses category
d. refuse to pay unexpected expenses
7.Before approaching potential sponsors, the organization should have a thorough understanding of…
a. assets and their valuation
b. potential competitors
c. history of all meetings held in the sponsor’s city
d. the events calendar for the host city
8.Which of the following statements is true about taxation policies in many meeting locations outside the U.S.?
all quotes for prices will be made in U.S. dollars from all vendors
b. currency exchange rates will be calculated on the basis of when the meeting is held, not contracted
c. no taxes apply to U.S. based organization (only to organizations in the meeting destination’s country)
some taxes can be reduced or waived entirely if negotiated in advance
9.Enterprise-wide solutions, connecting all meeting stake holders to critical information about the meeting, provide which of these additional benefits?
a. tracks and identifies financial data
b. limits who has access to the data to one or two people
c. increases cost of technology support
d. increases training costs
a. registration
b. housing
c. travel
d. all of the above
Explanation / Answer
1.The Web-based applications are now a day popular as the technology has reduced the costs and the time of the doing business. These applications used in most of the business operations. The operations of the business are registration, warehouse management, inventory management, transportation information management, etc. Now a day the competition is high in the market. Either to grow or to restrain in the market the organization have to adopt the technology which would reduce the time and this time would be utilized by the other operations of the business. Hence the preferred technology solutions for meeting management tasks such as registration and housing and travel all of them needs web-based applications.
The correct option here in this case is “d” which is “all of the above”
2. Zero based budgeting is the process of doing budgeting where all the expenses must be justified for each new period. Here every function would be analyzed with the cost associated with it. It starts from the Zero base.
It is not the case of budgeting First-time meetings, where no meeting budget history is available as it does not have the impact from the previously budgeted data. The previous information’s or historical records are not used in this budgeting. It actually budget about what is needed in coming time duration regardless of previous budget. Hence the option b is false.
It is not the bottom of the range of the line items where a range on actual amounts has been calculated. This is because the budget starts with Zero amount. It does not specify any bottom range. Hence the option c is false.
The actual expenses less the actual income then the positive value obtained which shows that the budget is over budget. Hence the option d is false.
As per the Zero budget definition stated above the option a is true which states that “A budget where all line items begin at zero and are tracked towards 100”.
3.There are many plans with the hotel and travel industry. These are American plan, European plan, voucher plan, continental plan etc. These plans cover the different facility.
Voucher plan is the plan used for providing the benefits regarding the services offered by the industry such as concession in travel fare, places of visits discount, free meals added to the main process etc. So, it does contain only the beneficiary parts in the limited amount. Hence the option b is false.
European Plan is the plan which covers only the room rent but not the meals. Hence the option c is false.
North American plan is not for the person it is for animals hence the option d is false.
So, the plans cover room rates and a set, daily credit per person that may be used at any outlet within the facility is the full pension plan or Full American Plan. This plan covers the all the facility apart from the main course.
Hence the option a is correct that is " Full American Plan".
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