HOSPITALITY REVENUE MANAGEMENT FINAL EXAM ACTUAL 2026 QUESTIONS AND 100% CORRECT ANSWERS

HOSPITALITY REVENUE MANAGEMENT FINAL EXAM ACTUAL 2025/2026 QUESTIONS AND 100% CORRECT ANSWERS What is the industry term used to describe the sum of prices paid by a business's customers? - Answer -total revenues Historically, what concept have hospitality managers chiefly used to calculate their selling prices? - Answer -costs What is an algebraic equivalent of the formula: Sales = Costs + Profit? - Answer -profit=sales-costsNeed assistance on Online classes, Exams & Assignments? Reach out for instant help!! Full Course Assistance, Plagiarism-free Essay Writing, Research Paper, Dissertation, Discussion Posts, etc…. Confidential & Secure services. Tutors are available for all subjects! Email now at: What is the name for the net value achieved by both parties in a business transaction? - Answer -profit What element is not present in a barter economy? - Answer -money What is the formula used to calculate an owner's ROI? - Answer -Owner's Investment Return / Owner's Original Investment = Owner's Return on Investment