OCF (operating cash flows) normally differ from EBIT (earnings before interest and taxes) because of:
A) depreciation B) non-cash operating expenses
C) non-cash operating revenues D) all of the above
The five C's of credit are character, collateral, conditions, cash-flow, and capitalization.
Indicate whether the statement is true or false
According to the textbook, the standard product closes which gap?
A) Gap 4 B) Gap 1 C) Gap 3 D) Gap 2
Designing and producing the desired results at the right time, in the right quantities, and producing the desired results in the right time is a function of:
A) Deferred Maintenance. B) Life Cycle Cost Analysis.
C) Reliability Centered Management. D) Integrated Resource Management.
The hierarchy (from the top down) of club management is as follows
A) members, board of directors, executive committee, general manager
B) board of directors, executive committee, members, general manager
C) general manager, executive committee, board of directors, members
D) executive committee, board of directors, general manager, members
Revenue goals for sports and recreational foodservices operations are typically calculated as follows: estimated attendance (times) per capita revenue.
Indicate whether the statement is true or false
An investment that creates value for a hospitality firm will have:
A) NPV<0 b) roe>Ke C) ROE
Ke
Banquet operations are typically less profitable then their dining room operations.
Indicate whether the statement is true or false
Hospitality ventures that sell alcoholic beverages are subject to both federal and state laws.
Indicate whether the statement is true or false
The core product is:
A) What the customer does not want B) What the customer thinks they want
C) What the customer is really buying D) What management believes the customer wants
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