The Convention Industry Council (CIC) is made up of thirty member organizations that represent both buyers and suppliers to the meetings industry. They recently developed the APEX system, which stands for:
A) Accepted Practices Exchange
B) Automated Purveyor Exchange
C) Automated Purchasing Exchange
D) Accepted Purchase Exchange
Which of the following is not a component of the definition of air conditioning?
A) cleanliness B) temperature C) cooling D) humidity
Compared with consumer purchases, a business purchase usually involves more buyers and more professional effort.
Indicate whether the statement is true or false.
The over-all goal of asset management is to achieve optimum performance on the hospitality investment.
Indicate whether the statement is true or false
An acceptable profit margin for food in many hotels is ________ percent
A) 20-25 B) 25-30 C) 30-35 D) 28-32
The work of meeting planners can be divided into what components?
A) Following up after the meeting
B) Planning the meeting before it begins
C) Managing the meeting as it evolves
D) A and C above
E) All the above
Which of the following is not a major step in the development of pro forma operating statements?
A) forecasting demand and prices B) estimating fixed expenses
C) selecting the building site D) estimating variable expenses
In an Organizational Buying process, ________ select product requirements and suppliers.
A) Buyers
B) Users
C) Deciders
D) Approvers
Which of the following persons in a Convention Hotel typically spends more time interfacing with the meeting planner after the event has been booked?
A) Convention Sales Manager B) Meeting Planner Liaison
C) Director of Sales and Marketing D) Convention Services Manager
The dew point can be defined as:
A) the temperature at which the air is fully saturated with water vapor.
B) the temperature at which water will condense.
C) the temperature at which the relative humidity is 100.
D) All of the above
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