CHIA Certification Exam Preparation Version 1 Newest
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Which is a true statement regarding markets?
a. Markets include hotels that are in big cities, not rural
areas
b. A country would never have more than 100 markets and
never have less than 2 markets
c. No market will ever cross country boundaries
d. There is another name for Markets outside the U.S. -
Answers-c. No market will ever cross country boundaries
In descending order of geographic size, which option
below is correct?
a. Continent, Sub-Continent, Country, Tract/Sub-Market,
Market
b. Continent, Country, Sub-Continent, Tract/Sub-Market,
Market
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c. Continent, Sub-Continent, Market, Country, Tract/Sub-
Market
d. Continent, Sub-Continent, Country, Market, Tract/Sub-
Market - Answers-d. Continent, Sub-Continent, Country,
Market, Tract/Sub-Market
Which two geographic categories are the most important
for a hotel GM?
a. Region and Market
b. Market and Tract/Sub-Market
c. Region and Tract/Sub-Market
d. Country and Tract/Sub-Market - Answers-b. Market and
Tract/Sub-Market
Markets and tracts are created based on what two
determining factors?
a. Geographic size and population
b. Geographic size and participation
c. Number of hotels and participation
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d. Number of hotels and population - Answers-c. Number
of hotels and participation
Which is a true statement regarding Tracts?
a. Tracts are referred to as Sub-Markets outside of North
America
b. Tracts are never used to represent a city in rural
markets
c. Tracts are geographic sub-divisions of a Region
d. A country will never have more than 100 Tracts -
Answers-a. Tracts are referred to as Sub-Markets outside
of North America
Changes to how Markets and Tracts are geographically
defined are made how often?
a. Monthly
b. Annually
c. Every five years
d. No regular schedule - Answers-b. Annually
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Most of the entities below are classified as "Chains".
Which one is a "Parent Company" consisting of multiple
chains?
a. Hampton Inn
b. Motel 6
c. Choice
d. Holiday Inn Express - Answers-c. Choice
Which is a true statement about Parent Companies?
a. Parent Companies and the related chains have
changed over time
b. Parent Companies must consist of no more than five
chains
c. Parent Companies can only consist of chains in a single
Scale
d. Parent Companies can only have hotels in a single
country - Answers-a. Parent Companies and the related
chains have changed over time
What are the three different operation types?