Chapter 4 Notes PDF

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Chapter 4 Notes...

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Chapter 4 Notes Indirect impact is the economic term referring to the ripple effect of additional rounds of spending in a community. T/F: Domes are most commonly installed over stadiums. T/F: It is not critical to have a business structure in place until you are ready to start building the facility. Economic impact studies typically examine all except implied impact. T/F: The federal government can dictate what land is used for a possible sports facility. T/F: A typical project takes around 5 years to complete which is why long-term plans are critical. T/F: The feasibility study will tell the prospective facility owner whether to build the facility. Construction management is NOT part of the primary focus of planning for an existing facility. A fabric-based domed structure can last about 10-20 years. T/F: A long company needs only 2-3% of growth space to accommodate most future growth needs. T/F: The key to a strong feasibility study is accurate data. The perceived need for the facility is the most important element of a feasibility study. The business plan serves multiple purposes, such as – all of the above. Move management is a term that describes where furniture and other equipment can be located in the future to free up room. T/F: Domes are most commonly made to be supported by air. T/F: To be valid, a feasibility study needs to be comprehensive enough to answer all potential objections. The key components of the management function are planning, organizing, implementing and controlling....