A good definition of real estate is the land, building, and everything in it.
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The manager's job is often said to be one of getting things done through other people. Elaborate on this statement, explaining the differences between good and bad managers and how they view the above statement.
What will be an ideal response?
The term used to describe the combination of an insurance program and risk management tools with safety and security departments is:
a. Ongoing study of safety and security programs
b. Threat assessment
c. Security and insurance management
d. Risk management
Labor and fringe benefits account for very little of all POM expenditures.
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Too often communication is primarily downward from management to employee.
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Efficiency variances refer to the amount of work performed on an hourly basis.
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To be meaningful, the observation of the employee's performance must be made relative to what?
a. The performance of other employees
b. Past performance
c. The desired performance
What functions as a motivational tool as well as a method of assigning responsibility and rewarding the achievement of results?
a. Hotel image promotion
b. Marketing objectives
c. Sales figures from business travelers
If profits are low and the overhead cannot be reduced, the only other solution to increase revenue is to do what?
a. Decrease the expense income that originates when expenses are incurred through poor inventory budgeting
b. Increase the operating expense spending that results from low overhead profits
c. Increase the operating income that results when operating expenses are subtracted
The more risk involved in the investment, the greater the return that is expected.
Indicate whether the statement is true or false
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