Monies paid to a sponsoring organization by the contract management company that are typically based on the profitability of the foodservice operation to the contract management company is called:
A) subsidy. B) rebate. C) cost-plus fee. D) deficit.
Today, an organization's goal for a business and industry foodservice operation typically involves:
A) breaking even on the program.
B) generating some profit from the program.
C) generating significant profit levels from program operation.
D) subsidizing the program as an employee benefit.
Keywords help with a hotel website's search engine placement.
Indicate whether the statement is true or false
Gross income multipliers are derived by dividing the sales prices of comparable properties by their annual sales.
Indicate whether the statement is true or false
A payment made by a contract management company to a client that is typically based on a percentage of revenues generated from sales at the client's location is called a:
A) commission. B) rebate.
C) contractual proceeds. D) recision.
The lower the star rating of the hotel the more involved and descriptive the hotel's website should be.
Indicate whether the statement is true or false
The two-to-five-year projection using equity dividend method is a sales comparison approach to valuation.
Indicate whether the statement is true or false
Which of the following terms is/are contemporary ways to describe more antiquated institutional foodservices?
A) Managed services
B) On-site foodservices
C) Non-commercial foodservices
D) A and B above
E) All the above
The usual franchise fee for a hospitality company is around 4-5 of sales, plus marketing and reservation fees.
Indicate whether the statement is true or false
If a contract management company operates a business/industry account that has a foodservice liaison, the person in which of the following positions is most likely to be responsible for the foodservice operation as it is managed by the foodservice
director?
A) Foodservice liaison
B) District manager (management company)
C) Business manager
D) Any of the above positions may supervise the unit manager.
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