Guide: GRADED A+. Questions
and Verified Answers. Latest
2026 Update
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 -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 -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 -Answer- D
Which is a true statement about independent hotels?
a. Independent hotels are not affiliated with a specific chain
b. Chain hotels outnumber independent hotels in every country of the world
c. Independent hotels are mostly Luxury Class hotels in Urban Locations with more than
150 rooms
d. Independent hotels may never be managed by an outside entity -Answer- 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 -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