Ratios are most useful when compared with planned ratio goals.
Indicate whether the statement is true or false
Hotel Condominium developers may obtain construction loans that approach ________ of expected construction costs.
A) 50 B) 70 C) 90 D) 30
Dehumidification is achieved by:
A) passing humid air over a pipe containing cold water or refrigerant, which causes the water to condense on the pipe an drip into a drain pan.
B) passing humid air through a filter that removes the water.
C) completely closing the fresh-air intake to the system.
D) not operating an HVAC system on days when the relative humidity is high.
An internal customer for an organization is:
A) The long-term loyal customer
B) The customer who takes the initiative to market the organization
C) The customer who is in house at any given time
D) An employee
Which of the following is NOT true of a special event?
A) Always arouse expectations
B) Are usually motivated by a reason for celebration
C) Are always planned
D) Occur spontaneously
Large and multinational companies understand the importance and impact of the political environment.
Indicate whether the statement is true or false
In an operations audit, the hotel's real estate taxes should be examined for reasonableness in relation to the hotel's value.
Indicate whether the statement is true or false
An exhibition contractor can:
A) provide full-line (general) services to show sponsors.
B) be a specialty contractor who performs only part of the total services required for a exhibition.
C) be an employee of the sponsoring organization.
D) A and B above
Training employees to do two or more jobs within the organization, is called:
A) Multiple training
B) Super training
C) Functional training
D) Cross-training
Common-size financial statements permit the user to compare figures to a base within each period.
Indicate whether the statement is true or false
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