Family restaurants have evolved from:
A) steak houses B) coffee shops C) dinner houses D) ethnic restaurants
The ________ and ________ system enables air passengers to travel from one smaller city to another.
Fill in the blank(s) with correct word
An event that brings together sellers of products and services, where they can show their products and services to a group of attendees is known as
A) a symposium B) an exposition C) a clinic D) a convention
Discuss the concept of revenue management. Under what specific conditions can it be applied? Some critics of the concept argue that yield management is a form of legal discrimination. Do you agree or disagree? Justify your answer.
What will be an ideal response?
Longhorn, Outback, Ryan's and Chart House are examples of:
A) fusion restaurants B) steak houses
C) quick service restaurants D) celebrity owned restaurants
An example of a professional club would be:
A) The Moose Lodge B) the Pebble Beach Golf Club
C) the U.S. Open Tennis Club D) the National Press Club
Major U.S. airlines have formed ________ alliances with partner airlines to provide easier ticketing and transportation access to locations they do not serve.
Fill in the blank(s) with correct word
Large meetings with some form of exposition or trade show included are called
A) symposiums B) seminar C) conventions D) workshops
Using the information provided, calculate the ratios.
Current Assets 250,000 Current Liabilities 200,000
Long Term Assets 650,000 Long Term Liabilities 450,000
Total Assets 900,000 Total Liabilities 650,000
Owner Equity 250,000
Total Assets 900,000 Total L and OE 900,000
Hotel/Rooms Sale 600,000 Rooms Sold 3,850
Hotel Profit 80,000 Total Rooms 4,300
Calculate the following to two decimals:
Debt/Equity Ratio
Current Ratio
Solvency Ratio
Return on Assets
Profit Margin
Average Room Rate
Occupancy Percentage
RevPAR
Theme restaurants aim to wow guests with:
A) celebrity sponsors B) top-name entertainment
C) the total experience D) complex menus
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