Certified Meeting Professional (CMP) Practice Exam

What is subvention in the context of event planning?

1. Financial support from sponsors.

2. Financial support provided by the host destination or government.

3. Financial support from ticket sales.

4. Financial support exclusively from vendors.

The correct answer is: Financial support provided by the host destination or government.

Subvention in the context of event planning refers specifically to financial support provided by the host destination or government to attract and support an event. This financial assistance is often used to help cover costs associated with hosting an event, such as venue rental, marketing efforts, or other logistical expenses. By providing this support, destinations aim to make their location more appealing for events, ultimately boosting local economic activity and enhancing their reputation as a viable venue for both large and small gatherings. The other options focus on different types of financial support. For example, while support from sponsors can be crucial for many events, it does not fit the definition of subvention as this comes from commercial partnerships rather than a direct investment from a destination or government entity. Similarly, financial support from ticket sales is revenue generated from attendees, not a form of subvention. Vendor support typically refers to goods or services provided by suppliers to the event but does not constitute subvention, as it does not align with the concept of government or destination funding aimed at fostering events.