- 9_12ME6671-QUIZ3 - Print Test

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1 Page 1 of 8 Report: Test Answer Key District: Robeson Test: Description: SEM QUIZ Form: Lights, practice venue and ticket production are considered to be which type of expense? 4. Sixty percent of monies are allocated for player/personnel. This is an example of companies defining: Advertising expenses. Annual costs of doing business. expenses. Monthly production costs. 2. Paying the entertainer for his/her services are considered to be which type of expense? 5. The fee for renting a warehouse for storing the bands equipment was negotiated by the promoter. This is an example of which category of expenses? promoter. This is an 3. You hire extra staff to work the charity golf tournament. This expense is part of which budgetary expense?

2 Page 2 of 8 6. In addition to the assortment of band t- shirts, CD s, posters and other merchandise, the concert promoter gave the sponsoring radio stations backstage photo opportunities as a token of appreciation. These gifts would be considered which type of expense for the promoter? 7. The sophisticated sound system for the concert required additional amplifiers and sound boards that were rented from a local music store. This is an example of which category of expenses? 8. The crew of roadies is responsible for unloading the band s equipment and setting up the stage at the venue. In addition to a salary, the roadies are paid an allowance to cover their daily expenses. This is an 9. Joe Louis Arena in Detroit contracts with an area equipment rental company for additional lighting and effects when required for high- energy concert performances. This is an example of which category of expenses? 10. The film crew in Wilmington was hired for a four-week contract. They were paid an allowance for their daily expenses. This is an 11. A generous prize purse was offered to the top race finishers and those runners setting course records. The prize purse is an

3 Page 3 of Expenses for the figure skating judges and officials at a national championship would be categorized as which type of expense? 13. A local top 40 band was hired to provide entertainment at a social function following the tennis tournament. This is an example of which category of expenses? 14. Liliana has decided to file her trademark application using the online Trademark Electronic Application System (TEAS) available through the U.S. Patent and Trademark Office. The filing fee is an 15. Flyers and posters are distributed to area schools promoting summer basketball camps for students. The cost of printing and mailing these items is an example of which category of expenses? 16. A social event honoring the professional golfers who raised money for the charity tournament was held at the Hyatt Regency. The expense for this party would be categorized as: 17. A gala post-awards party was organized for the recipients and sponsors of the annual charity event. The expense for this affair would be categorized as:. Advertising

4 Page 4 of The mayor of Raleigh presented each Brazilian soccer player with a Hurricane s hockey jersey as a souvenir of their visit. These jerseys would be categorized as what type of expense? Site preparation 19. The local arts council contracted with a well- known children s comedy troupe to provide entertainment at the Festival in the Park. This compensation is categorized as what type of expense? 21. While the basketball coliseum was being built, the Bobcats maintained a 6,000 square foot marketing center at Hearst Tower in uptown Charlotte. This state-ofthe-art office facility, with a prestigious, convenient address, has a very high cost per square foot. The rent for this marketing center in Hearst Tower would be considered which type of expense? 22. Which type of expense is office space rental? 20. Eva travels to numerous out-of-state sales conferences for professional development and to network with other media salespeople. This is an example of which type of expense? 23. The agency office manager places monthly orders to Staples for copier paper, toner cartridges, stationery and other items necessary to operate a business. These are which type of expense?

5 Page 5 of The government mandates worker compensation coverage for employees. These insurance premiums are expenses categorized as: 25. Providing health and dental insurance for employees is a significant cost of doing business. The health and dental insurance premiums are expenses categorized as: 26. Security and utilities are which type of expense? Accessibility Advertising, officials, photographers and prize money are which type of expense? 28., gifts and parties are which type of expense? 29. You hire extra staff to work the charity golf tournament. This expense is part of which budgetary expense?

6 Page 6 of As the concert promoter for a popular children s character, you must determine advertising and ticket production expenses. Which type of expenses are these considered? 31. Potential sponsors were invited to the hospitality tent at the speedway for an evening of dining and entertainment after the race. This expense is considered: 32. The cost of renting the speedway for a weekend car show was renegotiated after the promoter committed to three additional bookings over the next two years. This is an Accounting Extra spotlights were rented from an equipment supplier for an elaborate production being run at the theater. This is an 34. A full-page newspaper ad and radio spots were purchased promoting an upcoming celebrity tennis tournament. Flyers and posters were also printed and distributed to area country clubs and recreation centers. The expense for this promotion is categorized as: 35. Charlotte Center City Partners works with Raycom Sports to produce the Continental Tire Bowl Uptown Pep Rally and Street Party the day before the game in December. A popular local band was hired to perform as part of the festivities. The compensation to the band is categorized as what type of expense?.... Site preparation

7 Page 7 of The concert promoter designated a block of tickets to be given to local sponsors as a token of appreciation. This is an example of which category of expenses? 37. for the entertainment, gifts and parties are categorized as which expense? 39. Crew per diem, lights, practice venue and ticket production are which type of expense? 40. Office supplies and staffing are which type of expense? 38. What type of expense are health insurance premiums? 41. Sixty percent of monies are allocated for player/personnel. This is an example of companies defining: Annual advertising expenses. Annual costs of doing business. expenses. costs.

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- 9_12ME6671-QUIZ3 - Print Test

- 9_12ME6671-QUIZ3 - Print Test Page 1 of 15 Report: Test Answer Key District: Robeson Test: Description: SEM2 3.01 QUIZ Form: 501 1. Monies coming into a business are: 2. An avenue for securing financing through public avenues is: 4.