Unit 1 hospitality Study guides, Revision notes & Summaries
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HM 441 Study Guide 91 Questions with Answers 2023,100% CORRECT
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HM 441 Study Guide 91 Questions with Answers 2023 
 
 
 
CHAPTER 1: What is Rev Management? - CORRECT ANSWER 
 
Identify which of these is not a positive of using revenue management strategies and tactics: - CORRECT ANSWER Motivate employees 
 
The Hurdle Rate is...? - CORRECT ANSWER The Lowest Rate for a Given Day 
 
A benefit of variable pricing within revenue management is the smoothing of demand. - CORRECT ANSWER True 
 
Revenue management can be defined as - CORRECT ANSWER A set of strateg...
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HM 441 Exam #1|65 Questions with Answer 2023,100% CORRECT
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HM 441 Exam #1|65 Questions with Answer 2023 
 
 
Product, Customer, Time, Price - CORRECT ANSWER Revenue management is selling the right _______ to the right _________ at the right ________ for the right ________ 
 
Revenue/Yield Management - CORRECT ANSWER Maximize revenue by optimizing capacity, rates and prices and distribution under current and future demand/supply MARKET condition 
 
Demand Forecasting - CORRECT ANSWER The most important revenue management feature is 
 
They have informati...
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AHLEI Exam QUESTIONS AND ANSWERS 2023
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AHLEI Exam Q&A Solved 100% 
correct QUESTIONS AND 
ANSWERS 2023 
Account receivable system - ANSWER a system to account for revenue that is due. has 
been earned but not yet collected 
Accrual accounting system - ANSWER An accounting system that matches revenue 
generated with the expenses incurred to generate the revenue 
Commercial food service operations - ANSWER Food service operations found in 
lodging properties, clubs, restaurants, and other businesses. These operations exist to 
make a p...
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Prostart 1 Unit 1 Exam with correct Answers
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Prostart 1 Unit 1 Exam with correct Answers 
Chapter 1: Which restaurant segment typically has an average per-person dinner check of $10 to $25? 
Casual dining full-service 
 
 
Chapter 1: Boulanger affected the growth of the restaurant and foodservice industry by 
opening the first restaurant 
 
 
Chapter 1: Which operation is in the noncommercial foodservice segment? 
Hospital cafeteria 
 
 
Chapter 1: All the services that people use and receive when they are away from home are known as 
hos...
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LEED BD+C AP Exam 2024 Updated Questions And Advanced Correct Answers.
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(MR Credit) Building Product Disclosure and Optimization- Environmental Product Declarations - Opt. 2 Multi-Attribute Optimization. Exemplary Performance requirements? - correct answer Option 1. Source at least 40 qualifying products from five manufacturers. 
Option 2. Purchase 75%, by cost, of permanently installed building products that meet the required attributes 
 
What must be true of EPDs to qualify for MR Credit Building Product Disclosure and Optimization EPD? - correct...
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HM 441 Chapter1,3,4,5 & 9 Questions with Answers 2023,100% CORRECT
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HM 441 Chapter1,3,4,5 & 9 Questions with Answers 2023 
 
 
Ch.1 Group Assignment Q's HM 441 
 
The 3 major decisions of financial management involve - CORRECT ANSWER investing, financing, and payment of dividends 
 
Value is created if a projects - CORRECT ANSWER incremental benefits exceed incremental costs 
 
Disadvantage of the corporate form of organization - CORRECT ANSWER the tax treatment of dividends 
 
Difficulty in forming a Subchapter S Corporation - CORRECT ANSWER there can be no mo...
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CMP EXAM WITH 100% CORRECT ANSWERS 2024
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CMP EXAM WITH 100% CORRECT ANSWERS 2024 
 
All freight traveling between countries must be accompanied by which of the following: a. an attorney 
b.	an event rep 
c.	descriptive documentation 
d.	photographs of the contents - Correct answer-c. descriptive documentation 
 
The content of an event is determined by a. objectives 
b. audience c. budget 
d. suppliers - Correct answer-a. objectives 
 
DMCs and destination marketing organizations can provide guidelines on: a. hiring and contracting 
b...
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CIPS L4M1 - Question & Answer Past exam questions latest 2023/2023
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CIPS L4M1 - Question & Answer Past exam questions latest 2023/2023 
 
O1. Outline FIVE differences between purchasing goods and purchasing services. 
1. Goods are tangible, services are intangible: 
2. Services cannot be separated from their supplier: 
3. Heterogeneity: goods are usually uniform in nature while services are unique at each delivery 
4. Services 'perish' immediately on delivery whereas goods can be stored until required 
5. Products are easier to specify, being tangible 
O2. Exp...
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Revenue Management Exam 1 Solved 100%
- Exam (elaborations) • 8 pages • 2022
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Room Night - ANSWER The single night's use of a guest room 
EX: 1 room sold for 3 consecutive nights yields three room nights 
 
reference price - ANSWER the price perceived by consumers to be the normal price for a product of service 
 
Hard constraint - ANSWER a supply constraint that cannot be removed regardless of product demand 
EX: natural gas pipelines, number of hotel rooms 
 
soft constraint - ANSWER a supply constraint that can, with sufficient lead time, and/ or a reasonable expense...
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SAE TEXAS EXAM- Property Management Questions and Answers 2023 Answered 100%
- Exam (elaborations) • 16 pages • 2023
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SAE TEXAS EXAM- Property Management Questions and Answers 2023 Answered 100% 
 
Which statement is correct? *ANS* A. Property mgmt & real estate brokerage are the same thing 
B. All real estate brokers in Texas must allow sponsored agents to perform property mgmt activities 
*C. Some real estate brokers do not allow property mgmt activities by their sponsored agents 
D. Property mgmt is not considered a real estate brokerage activity in Texas 
 
In Texas, agents need to be __________ in order to...