The appraiser must be able to segment the demand in a market.
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The success of such a system will depend, to a very small extent, on how management handles bad news.
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The features of the physical plant have become more important, encouraging managers to create attractive facilities. What is the downside to this?
a. The plant is more costly to build and maintain.
b. Safety becomes an issue.
c. More employees must be hired, adding costs.
What, according to behavioral scientists, is an emotional need that employees do NOT need fulfilled to feel satisfied with their jobs?
a. They want to feel that what they are doing is meaningful.
b. They want to know how they are doing.
c. They want to feel secure that they will have the job for a long time.
The actual price charged for a room depends on the following:
a. Demand, cost and competition
b. Location, demand and supply
c. Demand, supply and cost
d. Location, cost and demand
What has a much greater impact on energy costs than occupancy?
a. Weather
b. The time of week
c. Guest preferences
The cost involved with implementation of strategy that uses inspection, measurement, data collection and analysis is:
a. Prevention
b. Internal
c. Assurance
d. External
A smile is a visual manifistation of a positive attitude.
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The fair share concept states that if a hotel represents 10 percent of room supply, it should accommodate 10 percent of market demand.
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Positions within the hotel are either fixed or variable.
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