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Finance and Revenue Management Exam Questions 100% Correct Answers
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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 - Costs 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-Owners Investment Return/ Owners Original Investment = Owners ROI
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Finance And Revenue Management
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Finance and Revenue Management
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