An organization's employees are typically unaware of the financial expectations of their employer's foodservice program.
Indicate whether the statement is true or false
Cultural tourism is motivated by
A) infrastructure B) business travel
C) lifestyle and heritage offerings of a community D) health and fitness opportunities
Tracking customer clicks and typical navigation on a hotel's website can be used to:
A) Segment the online customer market
B) Monitor pay-per-click advertisements
C) Sell the hotel's product more efficiently
D) Examine the efficiency of search engine placement
A projected income stream should be stated in terms of inflated dollars.
Indicate whether the statement is true or false
When used for deciding between mutually exclusive project alternatives, the IRR decision technique:
A) is biased towards short term project alternatives B) will always give the same decision as NPV
C) is biased towards long term project alternatives D) will always give a different decision than NPV
Regardless of the type of foodservice organization in the business/industry segment, the unit foodservice manager is typically responsible for food production/service within the unit.
Indicate whether the statement is true or false
The key to the sales comparison approach is finding recent sales of similar properties and adjusting their sales prices appropriately.
Indicate whether the statement is true or false
For most projects, as the required rate of return used to discount the project's net cash flows is increased, the project's NPV:
A) is unchanged B) decreases
C) increases D) becomes equal to the project's terminal value
Onward distribution of hotel rooms refers to:
A) The passing on of a room rate from one distributor to other distributors
B) The hotel selling rooms to an online distribution channel at a negotiated rate
C) The hotel's website selling its inventory directly to customers
D) A meta search engine that searches multiple sites for the hotel's best rate
The cruise market has accommodated about ________ of Americans
A) 23 B) 37 C) 17 D) 27
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