FREE AND STUDY GAMES ABOUT VB KNOWLEDGE

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FREE AND STUDY GAMES ABOUT VB KNOWLEDGE

MATTERS EXAM QUESTIONS

Actual Qs and Ans Expert-Verified Explanation

This Exam contains:

-Guarantee passing score -32 Questions and Answers -format set of multiple-choice -Expert-Verified Explanation

Question 1: Satellite parking

Answer:

Any parking lot that is offsite from the stadium. Shuttle buses are often required to transport fans to and from the stadium.

Question 2: Sound crew

Answer:

The crew that runs a venue's sound system. They are either part of the band's road crew or local contractors hired by the tour promoter.

Question 3: Demand

Answer:

The amount of goods or services that customers want to buy. Ticket prices for a sporting event should be determined by the demand that exists for that event.

Question 4: Usher

Answer:

Personnel responsible for making sure fans sit in and stay in their assigned seats. Fans will move to better seats if they are available and there is no one to stop them.

Question 5: Dynamic pricing

Answer:

A system of fluid not fixed ticket prices that increase or decrease due to small and/or short-term changes in supply and demand. Dynamic pricing is facilitated by the Internet and mobile technology.

Question 6: Ticket sellers

Answer:

Staffers who sell tickets to fans at the stadium.

Question 7: Ingress

Answer:

The flow of fans into a venue

Question 8: Security

Answer:

Personnel responsible for the security and well-being of the fans, stadium property, and workers. A security shortage can lead to unruly crowds.

Question 9: Americans with Disabilities Act (ADA)

Answer:

A federal law requiring, in part, that new stadiums be handicapped accessible.

Question 10: Marginal cost

Answer:

The cost of producing one additional good or making one more of a commodity (like a seat at a stadium) available.

Question 11: Parking security

Answer:

Staffers who make sure that fans' vehicles, and the personal belongings in them, are safe. They work with law enforcement to address cases of larceny and other unruly behavior.

Question 12: Crowd control

Answer:

A term for the various techniques used by security personnel to ensure a peaceful event for ticketholders.

Question 13: Ticket agencies

Answer:

Companies that stadium owners use to manage their ticket sales.

Question 14: Egress

Answer:

The flow of fans out of or away from a venue.

Question 15: Parking attendants

Answer:

Personnel who help fans find parking spots and navigate through parking areas.

Question 16: Yield management pricing

Answer:

Setting different prices for goods or services in an effort to maximize revenue when limited capacity is a factor.

Question 17: Gate greeter

Answer:

Staff members who check tickets of customers entering the stadium. They play the vital role of ensuring that only paying customers enter.

Question 18: Parking cashiers

Answer:

Personnel who man booths at stadium parking lots and garages to take money from fans before or after an event.

Question 19: Ticket sellers

Answer:

Those who sell tickets to the general public, often at the stadium itself.

Question 20: Ticket brokers

Answer:

Individuals or companies who purchase tickets in bulk to artificially constrict demand and drive up prices.

Question 21: Spectator violence

Answer:

Violence perpetrated by spectators against fans of the opposing team or even opposing players.

Question 22: Information specialist

Answer:

Information specialists walk around the stadium before, during, and after an event to direct customers to facilities and serve as the first line of support to customers with medical emergencies.

Question 23: Grounds crew

Answer:

The team that maintains a property's grounds, especially the athletic field. Proper field maintenance is important because improper maintenance can lead to player injuries and league fines.

Question 24: Revenue

Answer:

The money collected in sales. Revenue is equal to (number of unit sales) × (price of each unit). A sports franchise has a number of revenue sources, including ticket sales, concessions, licensing, and sponsorships.

Question 25: Stage crew

Answer:

The crew that helps set up and test a band's staging and equipment. They are either part of the band's road crew or local contractors hired by the tour promoter.

Question 26: Bottlenecks

Answer:

A restriction of optimal traffic throughput. In Virtual Business-Sports, you may see bottlenecks occur in the parking lot because of overloaded traffic situations due to the inability of the parking and security staff to support the traffic load.

Question 27: Price

Answer:

The amount of money charged for one unit. Ticket prices should reflect what customers are willing to pay.