Hospitality law Study guides, Class notes & Summaries

Revenue Management Final Exam | Latest 2023 with complete solution What is the industry term used to describe the sum of prices paid by a business's customers? - Total Revenues Historically, what concept have hospitality managers chiefly used to calculate their selling prices? - Costs What is an algebraic equivalent of the formula: Sales = Costs + Profit? - Profit = Sales - Costs What is the name for the net value achieved by both parties in a business transaction? - Profit What eleme...

Commercial Real Estate SAE - Champion's School of Real Estate 495 Questions with Verified Answers Productivity Management - CORRECT ANSWER Measuring the results from the use of available systems and tools for prospecting activities CRM - CORRECT ANSWER Contact Relationship Manager, a tool used to automate prospecting tasks and manage leads Geographic farming - CORRECT ANSWER A particular area that may include neighborhoods that a sales agent or broker markets for the solicitation of bus...

Hospitality Law Final Exam with correct answers 2024

Assume that a Federal Appellate Court is considering legal issues arising from a case in U.S. District Court. During the course of analyzing the issues, the appellate court unanimously feels that the federal statue which the case is based upon conflicts with the U.S. Constitution. In evaluating the conflict, which law takes priority? - ANSWER-The Constitution Hotels in most states must post the maximum amount they would ever charge for a given room within each room. The rate is known to the i...

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...

HOSLAW Exam Hospitality Law | questions and answers | Rated A+ | 2024/25

DECA Hospitality and Tourism Cluster Exam - Test 1183 (EVENTS: Hospitality and Tourism Professional Selling - HTPS Hospitality Services Team Decision Making - HTDM Hotel and Lodging Management Series - HLM Quick Serve Restaurant Management Series - QSRM Restaurant and Food Service Management Series - RFSM Travel and Tourism Team Decision Making – TTDM)

Hospitality Law Final Exam

* What does UCC stand for?Uniform Commercial Code When something is suitable for buying and selling it means that it is.... a) Signatory b) Common Carrier c) Merchantable d) Fiduciaryc) Merchantalble The sickness or harm caused by the consumption of unsafe foods or beverages is known as a) Food-Born Illness b) Intoxication c) Depressant d) Social Hosta) Food-borne Illness What is the collective name given to various laws and regulations that have been implemented to ensure accuracy i...

Chapter 3 The Law of Contracts INTRODUCTION LEGAL DEFINITIONS The students should learn these terms. Generally, the text is written in plain English, but some jargon is necessary to enhance comprehension. THE IMPORTANCE OF CONTRACTS A contract is a promise for a promise that the law will enforce. Contracts are essential to the smooth workings of society. Unilateral Contracts Unilateral, or one-way, contracts feature an exchange of a promise for a performance. The performance brings the c...