In addition to managing properties, chain operating companies often own and lease lodging properties as well.
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At least two persons are directly involved in the sale of almost every QSR food item.
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The ability to listen in an attempt to understand the beliefs of others is an important factor in an expatriate's success.
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An independent operating company provides a trademark and a reservations system as an integral part of the management services it offers.
Indicate whether the statement is true or false
The higher K, the compounding rate, is, the ________ the future value of a cash flow.
A) smaller B) easier it is to calculate
C) harder it is to calculate D) greater
The goal of consistently pleasing every guest all the time is achievable.
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The extent to which one has the knowledge/skills required for successful job performance will not likely be a factor in the amount of job-related stress in an expatriate position.
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Why are sales promotions only short-term events?
A) Only a certain amount of new customers can be prospected for them and is not enough to support the promotion in the long-term
B) Loyal guests do not appreciate long-term promotions
C) It is too costly to run them for large periods of time
D) Running them for the long-term erodes the organization's cost structure
The use of management contracts is widespread in the food service industry.
Indicate whether the statement is true or false
The greater the number of periods, n, in a single cash flow time value problem:
A) the higher the present value
B) the lower the future value
C) the lower the present value
D) the closer the present value of the cash flow will be to its future value