Taxonomy vs. CCK List for categorizing Events Could someone let me know what the best practice is for choosing between implementing something as a Taxonomy vs. a List field in the Content Type?  Assuming that there is a preset list of values and there is no need for content creators to create their own.

For example, a Content Type of an "event" could be categorized based on audience or type.  Audiences can be [Kids, Youth, Adults, Seniors, etc.].  Similarly, type would have a preset list as well.

Should audience or type be created as Taxonomy or a List field in the Content Type?
If you use taxonomy, then using the calendar module they can be colour-coded in the legend based on their category.