QUESTIONS AND VERIFIED ANSWERS (complete solutions) ASSURED
SUCCESS/GRADED A+!!!
Which is a true statement about Management Companies?
a. Management companies have contracts where they receive payment for their
services
and/or some portion of profits
b. Management companies may manage only one chain
c. Management companies will always own the hotels they manage
d. Management companies serve the exact same role as asset management
companies - CORRECT ANSWER-A
) Which is a true statement regarding geographic categorization?
a. STR geographic categories are limited to North America
b. STR uses the UNWTO definitions when it comes to recognizing countries
c. General managers of hotels do not need to know geographic categories
d. The hotel industry uses seven continents to categorize hotels - CORRECT
ANSWER-B
,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. - CORRECT ANSWER-C
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
c. Continent, Sub-Continent, Market, Country, Tract/Sub-Market
d. Continent, Sub-Continent, Country, Market, Tract/Sub-Market - CORRECT
ANSWER-D
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 - CORRECT ANSWER-B
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 - CORRECT ANSWER-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 - CORRECT
ANSWER-A
What are the three different operation types?
a. Corporate, Managed, Independent
b. Managed, Franchise, Independent
c. Managed, Clustered, Independent
d. Corporate, Franchise, Independent - CORRECT ANSWER-D
Which is a true statement about independent hotels?
a. Independent hotels are not affiliated with a specific chain