Revenue Management Final Exam 2025|
COMPLETE EXAM SET (questions and verified
answers)frequently most tested questions |
already passed!!
Save
Practice questions for this set
Learn 1 /7 Study with Learn
Competitor's rates will also be reduced
Choose an answer
What is the industry term used to describe the sum of prices paid by a business's
1
customers?
What is the industry term for the average revenue generated by each occupied
2
guestroom during a defined period of time?
What is the most likely result of a revenue manager's decision to reduce rack room
3
rates during periods of reduced demand?
, Texas Roadhouse restaurants do not accept reservations. Guests who call ahead,
4 however, can have their names added to the wait list prior to arriving at the restaurant.
What revenue-related factor is this strategy designed to optimize?
Don't know?
Terms in this set (180)
What is the industry term Total Revenues
used to describe the sum
of prices paid by a
business's customers?
Historically, what concept Costs
have hospitality managers
chiefly used to calculate
their selling prices?
What is an algebraic Profit = Sales - Costs
equivalent of the formula:
Sales = Costs + Profit?
What is the name for the Profit
net value achieved by
both parties in a business
transaction?
What element is not Money
present in a barter
economy?
What is the formula used Owner's Investment Return / Owner's Original
to calculate an owner's Investment = Owner's Return on Investment
ROI?
, Sandy has 100 hotel rooms Constrained Supply
to sell. This Saturday night
has enough customers to
sell 125 rooms so she will
be refusing 25 requests
for rooms. What is this an
example of?
Which industry was the Airline
first to use Yield
Management principles?
What is the industry term Overbooking
used to describe the
selling of rooms which are
not actually available for
sale?
What is the formula used Total Room's Revenue / Total Rooms Sold = Average
to calculate Average Daily Daily Rate
Rate?
Tashia's hotel sold 175 70%
rooms last night at an ADR
of $200.00. Her hotel has
250 rooms. What was
Tashia's occupancy % last
night?
Tashia's hotel sold 175 $140.00
rooms last night at an ADR
of $200.00. Her hotel has
250 rooms. What was
Tashia's RevPAR last night?
COMPLETE EXAM SET (questions and verified
answers)frequently most tested questions |
already passed!!
Save
Practice questions for this set
Learn 1 /7 Study with Learn
Competitor's rates will also be reduced
Choose an answer
What is the industry term used to describe the sum of prices paid by a business's
1
customers?
What is the industry term for the average revenue generated by each occupied
2
guestroom during a defined period of time?
What is the most likely result of a revenue manager's decision to reduce rack room
3
rates during periods of reduced demand?
, Texas Roadhouse restaurants do not accept reservations. Guests who call ahead,
4 however, can have their names added to the wait list prior to arriving at the restaurant.
What revenue-related factor is this strategy designed to optimize?
Don't know?
Terms in this set (180)
What is the industry term Total Revenues
used to describe the sum
of prices paid by a
business's customers?
Historically, what concept Costs
have hospitality managers
chiefly used to calculate
their selling prices?
What is an algebraic Profit = Sales - Costs
equivalent of the formula:
Sales = Costs + Profit?
What is the name for the Profit
net value achieved by
both parties in a business
transaction?
What element is not Money
present in a barter
economy?
What is the formula used Owner's Investment Return / Owner's Original
to calculate an owner's Investment = Owner's Return on Investment
ROI?
, Sandy has 100 hotel rooms Constrained Supply
to sell. This Saturday night
has enough customers to
sell 125 rooms so she will
be refusing 25 requests
for rooms. What is this an
example of?
Which industry was the Airline
first to use Yield
Management principles?
What is the industry term Overbooking
used to describe the
selling of rooms which are
not actually available for
sale?
What is the formula used Total Room's Revenue / Total Rooms Sold = Average
to calculate Average Daily Daily Rate
Rate?
Tashia's hotel sold 175 70%
rooms last night at an ADR
of $200.00. Her hotel has
250 rooms. What was
Tashia's occupancy % last
night?
Tashia's hotel sold 175 $140.00
rooms last night at an ADR
of $200.00. Her hotel has
250 rooms. What was
Tashia's RevPAR last night?
