A cash flow stream with equal payments for a finite period of time is called:
A) an annuity B) a present value factor
C) a perpetuity D) an effective annual return
Which of the following has the primary motive of making more money?
A) An intrapreneur
B) An entrepreneur
C) A traditional manager
D) All of the above managers have this primary motive.
Define and give an example of using Total Quality Management in a hotel environment.
What will be an ideal response?
Forecasting sales has two components,
A) guest counts or covers, and average check amount
B) average check amount and total sales
C) total sales and average entre price
D) food budget and guest counts or covers
A hotel spa is an example of a(n) ________, while the relaxation it provides from stressful meetings is an example of a ________ to a customer.
A) Benefit; feature B) Amenity; benefit C) Feature; benefit D) Amenity; feature
All of the values are less than 1 on which of the following tables?
A) future value factors for an annuity B) present value factors for an annuity
C) future value factors for a single cash flow D) present value factors for a single cash flow
Working capital is:
A) current assets () by current liabilities. B) current assets (+) current liabilities.
C) current assets (x) current liabilities. D) current assets (-) current liabilities.
How might technology help to reduce food waste in a family-service restaurant?
A) It can determine the quality of food products needed.
B) It can help to forecast sales.
C) It can help to determine selling prices.
D) All of the above
Discuss the Strategic planning process and how it coordinates with corporate level and operational planning. Include the three corporate strategies in your discussion.
What will be an ideal response?
A customer states in a sales conversation: The hotel we usually stay at does not provide adequate bath amenities. This statement is an example of a customer's:
A) Need B) Desire C) Want D) Opportunity
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