Variable expenses are easy to predict. Question 11 options: False True Question 12 (1 point) The staff time directed to the event can be easily calculated by using _________. Question 12 options: Time sheets Operation hours of the event Number of Guests Question 13 (1 point) The difference between the revenue received from a single guest and the variable costs incurred for one guest. Question 13 options: Contribution margin Break-even point Total Fixed Costs Question 14 (1 point) Cutting event's ________ is one way to help improve the cash flow. Question 14 options: Costs Transportation time Guests Question 15 (1 point) Cash flow is the ________ that allows to pay the bills, including in a timely manner. Question 15 options: Profit Revenue Liquidity