A capital budgeting project has a net investment of 1,000,000 and is expected to generate net cash flows of 350,000 annually for 4 years. What is the internal rate of return?
A) 22.11
B) 14.96
C) 2.48
D) 26.43
Productivity is not improved when fewer rooms are cleaned as long as they are cleaned at the quality standard of the hotel.
Indicate whether the statement is true or false
A job appears more meaningful to an employee when more skills are used in performing the job.
Indicate whether the statement is true or false
If a customer were assaulted in an easily accessible lobby restroom, the hotel would likely be found negligent in the following area:
a. Layout planning
b. Poor lighting
c. Restricting access
Management is responsible for ensuring that any guest-employee encounter is planned, organized and, to the extent it can be, controlled in order to ensure guest satisfaction.
Indicate whether the statement is true or false
Feedback helps managers understand what it is that employees expect from them.
Indicate whether the statement is true or false
The difference between the room rate and fixed room costs is the contribution margin.
Indicate whether the statement is true or false
A board of directors usually sets financial objectives.
Indicate whether the statement is true or false
A capital budgeting project has a net investment of 250,000 and is expected to generate net cash flows of 90,000 annually for 5 years. What is the profitability index at a 13 required rate of return?
A) 1.27
B) 1.80
C) 1.24
D) 1.30
The ____________ a General Manager must protect consist of the building and its contents, the capital invested in the business, the revenue stream generated by the business, and the hotel guests and employees.
Fill in the blank(s) with correct word
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