HM 280 EXAM 2 2025 QUESTIONS AND
ANSWERS
Common Laws affecting hotel accounting and finance - ANS 1. GAPP
2. USALI
3. Sarbanes-Oxley
Hotel rev manager is responsible for ___________ room revenues through effective guest room
pricing and inventory - ANS optimizing
Accounting Department functions - ANS prepare budgets, audits, inventories, revenue,
forecasts, financial statements
Average Daily Rate (ADR) - ANS Revenue/rooms sold
occupancy rate - ANS total rooms sold/total rooms available
RevPAR (revenue per available room) - ANS revenue/available room
Internal controls - ANS accounts payable and receivable
invoice processing
cash handling
Rate positioning is determined by - ANS The market
1 COPYRIGHT © 2025 SIRJOEL ALL RIGHTS RESERVED
, Director of Finance (DOF) - ANS oversees hotel accounting and finance
Group rates are - ANS dependent on seasonal demand and based upon total value of groups
contribution
Name used to describe group of competing hotels to which an individual hotels performance is
compared - ANS 1. STAR set
2. Comp set
in a STAR set a RevPar of 95 indicates - ANS lower than competitors
Hotel Marketing plan includes - ANS SWOT
optimal group-transient mix
action steps
competitive hotel rankings
Marketing is - ANS used to increase potential guest awareness
CVB - ANS Convention and Visitors Bureau
Name for original # of rooms requested by a group and the actual lower # of rooms picked up -
ANS attrition
transient travelers - ANS individual hotel guests who are not part of a group or tour booking
-corporate, leisure, government, long term stay travelers, family, etc.
2 COPYRIGHT © 2025 SIRJOEL ALL RIGHTS RESERVED
ANSWERS
Common Laws affecting hotel accounting and finance - ANS 1. GAPP
2. USALI
3. Sarbanes-Oxley
Hotel rev manager is responsible for ___________ room revenues through effective guest room
pricing and inventory - ANS optimizing
Accounting Department functions - ANS prepare budgets, audits, inventories, revenue,
forecasts, financial statements
Average Daily Rate (ADR) - ANS Revenue/rooms sold
occupancy rate - ANS total rooms sold/total rooms available
RevPAR (revenue per available room) - ANS revenue/available room
Internal controls - ANS accounts payable and receivable
invoice processing
cash handling
Rate positioning is determined by - ANS The market
1 COPYRIGHT © 2025 SIRJOEL ALL RIGHTS RESERVED
, Director of Finance (DOF) - ANS oversees hotel accounting and finance
Group rates are - ANS dependent on seasonal demand and based upon total value of groups
contribution
Name used to describe group of competing hotels to which an individual hotels performance is
compared - ANS 1. STAR set
2. Comp set
in a STAR set a RevPar of 95 indicates - ANS lower than competitors
Hotel Marketing plan includes - ANS SWOT
optimal group-transient mix
action steps
competitive hotel rankings
Marketing is - ANS used to increase potential guest awareness
CVB - ANS Convention and Visitors Bureau
Name for original # of rooms requested by a group and the actual lower # of rooms picked up -
ANS attrition
transient travelers - ANS individual hotel guests who are not part of a group or tour booking
-corporate, leisure, government, long term stay travelers, family, etc.
2 COPYRIGHT © 2025 SIRJOEL ALL RIGHTS RESERVED
