HSA 546 Certification Exam Questions and CORRECT Answers

HSA 546 Certification Exam Questions and CORRECT Answers The hospitality indus try is shaped by a) sudden event such as the September 11th attacks. b) some gradual changes such as demographic changes. c) social and economic factors. d) all of the above ✔✔✔ d Baby boomers were born between__________and__________after world war ________ _____.✔✔✔ 1946 , 1964 , 2 After the year 2010 demand for services for ____________will______________. ✔✔✔ Retirees, increase The percentage of the women in the workforce is ________________ overall.✔✔✔ increasing Woman in the hospitality industry are ________ _______in the ______________ ranks.✔✔✔ under represented, executive Total Project Cost=_______________+________________ ✔✔✔ debt, equity Net Operating Income -_____________________ -_____________________ =_____________________ ✔✔✔ interest, depreciation, taxable income IRR is the discount rate that makes __________ equal____________ ✔✔✔ NPV , 0 Profitability Index=________________/___________________ ✔✔✔ Sum of PV of CF, Equity To Accept the project NPV_______ ______ Profitability Inex_____________ ✔✔✔ >0, >1 Average lifespan of a hotel ✔✔✔ 30-40 years Construction cost of budget/economy (selective) hotels ✔✔✔ $53,000 per year Construction cost of full service hotels ✔✔✔ $166,000 Construction cost of luxury hotels ✔✔✔$516,000 The demand for hotel rooms changes direction ✔✔✔ 3-6 months after the economy does 3 dimensions of hotel investment decision ✔✔✔ financing, real estate values, operations Amortization Schedule _________________ -_________________= ✔✔✔ debt service pa yment, interest, principle Revenue= __________________ +________________ =_________________ ✔✔✔ room revenue, other revenue, total revenue Expenses= ______________ +_______________