Intro to Hospitality Exam #1 Solved 100% Correct

Hospitality Industry - ANSWER-provides food and shelter away from home "one industry" concept - ANSWER-hospitality field has a wide variety of opportunities. to obtain career advancement, you must - ANSWER-have a broad range of skills basic work of managers calls for... (3) - ANSWER-operations, controlling cost, and servicing guests what does making a profit mean? - ANSWER-the revenue is higher than your cost what is a knowledge worker? - ANSWER-most productive in today's society. is the hospitality industry a solid one for the future? - ANSWER-yes in today's social context, work produces.... - ANSWER-something of value for other people. the hosp. industry provides excellent opportunities for ppl in what way? - ANSWER-there are broad skill sets and various interests. what is the job-benefit-mix? - ANSWER-when you use knowledge from one job to take you to the next. the skill set and knowledge that you have acquired from the previous job. How is profit in a business treated? (2 ways) - ANSWER-Return on Investment (ROI) & Retained Earnings (RE) hospitality students job concerns are about... (3) - ANSWER-income, job satisfaction, rank what are some factors causing change in the hospitality industry? - ANSWER-technology, people, competition, and economy. the word hospitality is derived from - ANSWER-"hospice" FOH (front of the house) - ANSWER-customers, dining, bar, register, hostess BOH (back of the house) - ANSWER-food, prep, office what is globalization? - ANSWER-cultures coming together