HRTM 421 ch. 9 (With complete solution)

True correct answers The first step in gaining approval for funding of a capital project is preparation of a professional investment package. True correct answers The full business plan should be included in the investment package which describes in detail what the project is all about and how it is going to be successful. False correct answers Including photographs or rendering of the project in the investment package is not necessary and can sometimes diminish the chances of receiving funding. True correct answers The fact sheet should include the location of the project, age of facility, number of guest rooms, and number of restaurants. True correct answers The hardest deal for a new company is putting together its first deal, which makes the investment package extremely important. b correct answers an executive summary is: a. one page description of the project or venture b. a brief recap of the project clearly stating its benefits and the amount of capital being requested. c. a summary of the full business plan. d. an explanation of the capital resources for the capital project. c correct answers What part of the investment package includes a report from a well-known reputable consulting firm affirming the feasibility of the project? a. investment analysis b. project budget c. third-party confirmation d. executive summary a correct answers Which of the following would be considered hard cost in the project budget? a. the building b. management fees c. pre-opening expenses d. legal fees d correct answers The resumes of which of the following people would be included in the investment package? a. Front office manger, structural engineer, interior designer b. developer, sales director, structural engineer c. interior designer, food supplier, developer