Hospitality management Study guides, Class notes & Summaries
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Revenue Management Final Exam Question & Answers 2022
- Exam (elaborations) • 74 pages • 2022
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what is the industry term used to describe the sum of prices paid by a business's customers? 
 
-daily receipts 
 
-profit 
 
-profits less expenses 
 
-total revenues 
-total revenues 
 
 
 
historically, what concept have hospitality managers chiefly used to calculate their selling prices? 
 
-income 
 
-revenue 
 
-costs 
 
-profits 
-costs 
 
 
 
what is an algebraic equivalent of the formula: sales=costs+profit? 
 
-profit=sales-costs 
 
-costs=sales+profits 
 
-costs=profit-sales 
 
-prof...
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FBLA Hospitality Management Exam Questions With Answers
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FBLA Hospitality Management Exam Questions With Answers...
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Revenue Management Final Exam | Updated Question & Answers Graded A + 2023/2024
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Revenue Management Final Exam | Updated Question & Answers Graded A + 2023/2024 
 
What is the industry term used to describe the sum of prices paid by a business's customers? Correct Answer Total Revenues 
 
Historically, what concept have hospitality managers chiefly used to calculate their selling prices? Correct Answer Costs 
 
What is an algebraic equivalent of the formula: Sales = Costs + Profit? Correct Answer Profit = Sales - Costs 
 
What is the name for the net value achieved by both ...
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HOSPITALITY MANAGEMENT EXAM 1 QUESTIONS AND CORRECT ANSWERS
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HOSPITALITY MANAGEMENT EXAM 1 QUESTIONS AND CORRECT ANSWERS
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Hospitality Management & Leadership - Exam 1. Questions and answers 2024
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Hospitality Management & Leadership - Exam 1. Questions and answers 2024 
 
Which of the following components of management best describes grouping similar tasks to create a position to be performed by one person? - Organizing. 
 
The concept that many tasks required in the hospitality industry must be performed by people, and these people cannot be replaced by technology, is referred to as - Labor-Intensive. 
 
The individual(s) responsible for the work of supervisors in an organization is the ...
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Intro To Hospitality Management - Food and Beverage Operations (Chapter 5) verified already passed
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Intro To Hospitality Management - Food and Beverage Operations (Chapter 5) verified already passed 
Food and Beverage - correct answer is a term the hospitality industry uses to refer to all food and beverage needs for an event, dining experience or general catering. The food and beverage department within a hotel consists of many areas and personnel that cater to internal or external guests. 
 
Food and Beverage Director's Skills and Responsibilities - correct answer - Exceeding guest expect...
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Intro To Hospitality Management - Food and Beverage Operations (Chapter 5) Question and answers already passed 2024
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Intro To Hospitality Management - Food and Beverage Operations (Chapter 5) Question and answers already passed 2024 
Food and Beverage - correct answer is a term the hospitality industry uses to refer to all food and beverage needs for an event, dining experience or general catering. The food and beverage department within a hotel consists of many areas and personnel that cater to internal or external guests. 
 
Food and Beverage Director's Skills and Responsibilities - correct answer - Exce...
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INC3701 Assignment 1 (QUALITY ANSWERS) 2024
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This document contains workings, explanations and solutions to the INC3701 Assignment 1 (QUALITY ANSWERS) 2024. For assistance call or us on 0.6.8..8.1.2..0.9.3.4...... Question text 
Which statement describes sociocultural consciousness? An awareness _____. 
a. 
that a person’s life experiences do not shape his/her view of the world 
b. 
of one’s reputation in relation to others 
c. 
that one’s thoughts emanate from one’s experiences 
d. 
that one’s life experiences might be differen...
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Hospitality Management Exam 2 with Complete Solutions
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Lagest hotel chain number of locations - ANSWER-Best Western 
 
Largest hotel chain number of rooms - ANSWER-Marriott 
 
First Franchise in the US - ANSWER-Ritz Carlton 1907 New York City 
 
Management Contract in the US - ANSWER-Responsible for the rapid growth in the hotel industry since the 1970s 
 
Management Contracts are the basics 
 
Two organizations that rate hotel - ANSWER-American Automobile Association 
 
Mobile Travel Guide 
 
American Automobile Association - ANSWER-Uses diamond r...
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Hospitality Management 371 - Exam 1 Questions with correct answers
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Hospitality Management 371 - Exam 1 Questions with correct answers
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