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From e-Learning Documentation

Different event types are used for creating a new event/meeting

The Sign-up Tool allows you to create three different types of events/meetings. The types are defined as follows:  

1. Multiple Slots: The meeting is segmented into multiple time slots. The participant is required to sign up.
2. Single Slot: There is a single time slot for an event/meeting; the number of participants can be limited or unlimited and the participant is required to sign up.
3. Announcement: There is a single time slot for an event/meeting and sign-up is not required for participants.