Hotel management test 2
with verified solutions
rate positioning is determined by - answer the
competitive marketplace ("market of sales")
the following are common terms and laws effecting
the accounting and finance of the hotel - answer
sarbanes-oxley act
USALI
GAAP
which is true of hotel accounting departments -
answer -inventories include food and beverage,
linens, and maintenance
-all accounting personnel are required to be CPAs
-small hotels commonly have centralized
accounting
revenue managers collaborate with which of the
following when determining the hotel's appropriate
room rate positioning - answer -front office
managers
-DOSM
-GM
_owners and senior management
, the person who oversees the accounting and
finance department in a hotel is called the - answer
director of finance
the hotel's revenue manager is responsible for
_______room revenues through effective guest room
pricing and inventory management - answer
optimizing
internal controls include - answer -accounts
receivable and accounts payable
-invoice processing
-cash handling procedures
how is sales and marketing team best evaluated by
a hotel's general manager - answer by
improvement in objective evaluation
measurements
assume that you are reading a STAR report about a
hotel that you manage. what does an ADR index of
110 indicate - answer your ADR is higher than that
of your competitors
what is the name for the difference between the
original number of rooms requested by a group
with verified solutions
rate positioning is determined by - answer the
competitive marketplace ("market of sales")
the following are common terms and laws effecting
the accounting and finance of the hotel - answer
sarbanes-oxley act
USALI
GAAP
which is true of hotel accounting departments -
answer -inventories include food and beverage,
linens, and maintenance
-all accounting personnel are required to be CPAs
-small hotels commonly have centralized
accounting
revenue managers collaborate with which of the
following when determining the hotel's appropriate
room rate positioning - answer -front office
managers
-DOSM
-GM
_owners and senior management
, the person who oversees the accounting and
finance department in a hotel is called the - answer
director of finance
the hotel's revenue manager is responsible for
_______room revenues through effective guest room
pricing and inventory management - answer
optimizing
internal controls include - answer -accounts
receivable and accounts payable
-invoice processing
-cash handling procedures
how is sales and marketing team best evaluated by
a hotel's general manager - answer by
improvement in objective evaluation
measurements
assume that you are reading a STAR report about a
hotel that you manage. what does an ADR index of
110 indicate - answer your ADR is higher than that
of your competitors
what is the name for the difference between the
original number of rooms requested by a group
