The Payback Period of a project:
A) represents the point in time (in periods) when the initial investment in the project is recovered
B) represents the point in time (in periods) when the equity invested in the project is recovered
C) represents the point in time (in periods) when the debt invested in the project is recovered
D) none of the above
Business travelers stay over a Saturday night when they travel in order to
A) have a long weekend on the company's budget
B) take advantage of lower weekend hotel rates
C) take advantage of lower airfares
D) have quiet time to complete essential work tasks
A major advantage of franchising, with regard to distribution systems is that:
A) Franchising increases revenue for the company and the brand
B) Franchising increases the geographic presence of the brand
C) Franchising dilutes the financial risk associated with buying assets
D) Both A and B
ROI (return on investment):
A) is the same as ROA
B) cannot be calculated as an IRR
C) is not a clear way to express a precise rate of return
D) is the same as ROE
A fee simple title is an estate with limitations or restrictions
Indicate whether the statement is true or false
The diet that has been adopted (accepted) by the Medical Director and Foodservice Administrator for use by the facility is called a (an) ________ diet.
A) alternate choice B) special C) regimen D) house
Which of the following would be considered business travel?
A) River boat excursion B) Trade shows and expositions
C) Gaming D) Ecotourism
The following are methods of getting the product to the consumer, except:
A) Franchising B) Corporate travel departments
C) Global distribution systems D) Convention meeting planner organizations
Reversion value refers to the value of property that has reverted to financial institutions after foreclosure.
Indicate whether the statement is true or false
Accounting rates of return:
A) are based on accounting numbers B) do not account for the time value of money
C) are easy to calculate D) all of the above
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