Upgrades (for example, in room amenities) in franchise hotels are paid for by:
A) the franchisee. B) the management company (if applicable).
C) the franchisor. D) Both the franchisor and franchisee share costs.
The adjusted net income approach to cash budgeting is an indirect approach to cash budgeting.
Indicate whether the statement is true or false
Financial assets are:
A) real assets B) claims against the financial intermediaries
C) claims against real assets D) cash flows
Waste composed of entirely food waste is called:
A) trash. B) garbage. C) biological waste. D) rubbish.
When selling rooms a front desk associate might try to upsell. This means
A) providing a discount rate
B) suggestively selling the features of a larger room, a higher floor or perhaps a better view
C) selling the room at the rack rate
D) honoring a guests discount coupon
A frequency program focuses on the long-term business of customers.
Indicate whether the statement is true or false
The volume listed on a daily bond report is:
A) the number of bonds (in hundreds) traded
B) the actual number of bonds traded
C) the total dollar volume (in thousands) of bonds traded
D) the actual number of bonds issued
The American Plan refers to which of the following hotel pricing structure?
A) That used in most full-service hotels in the United States
B) That which allows guests a specified amount of food and beverage purchases included in the guest room rental rate
C) Some (or all) of a guest's meals are included in the basic room rate.
D) No meals are included with the basic guest room rental.
Plans for theme park operations are driven by:
A) estimated number of park visitors.
B) amount of land available for park construction.
C) amount of money available for park construction.
D) estimated revenues.
The first modern casino in Las Vegas was opened on the strip in
A) 1931 B) 1951 C) 1941 D) 1947
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