A hotel property that is affiliated with a franchised brand can be operated:
A) by an independent operator.
B) by a management company.
C) by the franchise company.
D) B and C above
E) All of the above
The current generation is a steward for the next generation.
Indicate whether the statement is true or false
After the creditors and the government are taken care of, the firm's remaining cash flow belongs to
A) the managers B) the employees C) the owners D) the customers
Which theme park company is dedicated to preserving marine life and uses innovative programs to research wildlife dilemmas?
A) Disney
B) Sea World Parks
C) Knott's Berry Farm
D) Six Flags America
E) Universal Studios
You are the owner of a new hotel chain. Outline the corporate culture you hope to create for your employees. Give examples.
What will be an ideal response?
Operating Cash Flow is generated by the firm's:
A) asset structure B) equity structure C) capital structure D) liability structure
Explain the following types of control: feedforward, concurrent, and feedback.
What will be an ideal response?
The benefits of the hub-and-spoke system include all of the following EXCEPT:
A) larger capacity planes can be used
B) airlines can provide services at lower costs
C) passengers can travel from smaller city to smaller city via the hub
D) passenger loads can be maximized
Which of the following is NOT a building operations course?
A) housekeeping B) food and beverage cost control
C) security D) foodservice equipment layout and design
Sole proprietors have unlimited personal liability for the obligation of the business.
Indicate whether the statement is true or false
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