To obtain a competitor's information, a manager can get from:
a. industry related news
b. suppliers
c. shows and conferences
d. consultants
e. all of the above
There are some important points for strategic leaders to be successful discussed. Which one is not mentioned in the chapter?
a. Define the business of the business
b. Create a winning strategy
c. Communicate effectively
d. Encourage innovation
e. Behave with integrity
f. Respect others
g. Act.
Large cruise ships flying the U.S. flag engage in cabotage in
a. Alaska.
b. Hawaii.
c. the Caribbean.
d. all of the above.
State the importance of accurately budgeting for profits.
What will be an ideal response?
Which game offers the best (lowest) house advantage for the player?
a. Baccarat & Roulette
b. Roulette & Craps
c. Blackjack & Slots
d. Slots & Baccarat
e. Baccarat & Craps
Which is a unique critical success factor of multinational lodging companies when comparing the factors between 1984-94 and 1995-1999 according to Exhibit 6-4?
a. technology development
b. marketing efforts
c. relationship management
d. market expansion
Two partners agree to share profits in the following arrangement: 1) Salary of 40,000 for each 2) Interest at 10 percent on beginning capital balances 3) The remainder in a 50-50 ratio The first partner contributed 100,000 in beginning
capital, and the second contributed 50,000 . How much money would the second partner receive from total profits of 120,000? a. 57,500
b. 52,500
c. 45,000
d. 12,500
Gross registered tonnage is a measure of cruise ship size that indicates what characteristic of the ship?
a. Cubic feet of enclosed space.
b. Total weight without fuel or passengers.
c. Speed.
d. Maximum operating weight.
Summarize the method used to forecast an operation's expenses.
What will be an ideal response?
A player's earning potential (also called player value, player worth, or theoretical win) can be calculated by which formula?
a. Average Bet Hours Played House Advantage
b. Hours Played Average Bet Hold Percentage Decisions per Hour
c. Average Bet Hours Played Decisions per Hour House Advantage
d. Decisions per Hour House Advantage Hours Played
e. Average Bet Hours Played Decisions per Hour
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