Hospitality business Samenvattingen, Aantekeningen en Examens

When thinking about the hospitality industry, it is helpful to think of an umbrella that covers the whole industry. Which of the following is NOT part of this umbrella? * accounting and taxation * attractions, gaming, parks and recreation * cruise ships, rail, and air * meetings, conventions and expositions correct answers accounting and taxation Why might a person consider a career in the hospitality industry? correct answers You enjoy working with people and like an upbeat atmosphere. ...

Within the lodging and food services industries are a variety of related fields that include: - Answerlodging, F&B (and tourism) -global, diverse -Hotels, restaurants, clubs, resorts, casinos, cruise ships, theme parks -The recreation and leisure market -The convention center market -The schools and colleges market -The business dining market -The health care market -The corrections market The number of opportunities offered by the hospitality industry is _________, as are the opportuni...

business acumen certification exam 2023 questions and answers Excessively high employee counts in the balance scorecard accounts could indicates: - higher Guest Service and Lower GOP; because a lot of expenses decrial GOP The operating results shown on monthly summary profit and loss statement: - changes balance sheet and cash flow statement. Because changes current asset and cash. An online discounted channel is called - opaque Which formula is the formula for the balance sheet - ...

Principles of Hospitality and Tourism (DECA), DECA Business Administration Core - Performance Indicators, Business Exam

TEX2601 EXAM PORTFOLIO 2023.Detailed working, solutions, memo, notes & explanations.QUESTION 1 (10) 1.1 In a newspaper article, the lead is often referred to as a summary lead because it summarises the relevant information by asking the most common questions. List these questions. (5) Read the following newspaper article and answer the question that follows. Man drives car into crowd at Pretoria Farmers’ Market Nine lives lost in American style assassination This study source was downlo...

Advantages of working in a hospitality industry? - correct answer -The industry offers more career options than most. - The work is varied -There are many opportunities to be creative - Hospitality and tourism is a "people" business. - Hospitality jobs are not "9 to 5" jobs. - There are opportunities for long-term career growth. - There are perks associated with many hospitality jobs. Disadvantages of working in a hospitality industry? - correct answer - Long hours - Nontraditi...

Advantages of working in a hospitality industry? - correct answer -The industry offers more career options than most. - The work is varied -There are many opportunities to be creative - Hospitality and tourism is a "people" business. - Hospitality jobs are not "9 to 5" jobs. - There are opportunities for long-term career growth. - There are perks associated with many hospitality jobs. Disadvantages of working in a hospitality industry? - correct answer - Long hours - Nontradition...

What is the industry term used to describe the sum of prices paid by a business's customers? - Total Revenues Historically, what concept have hospitality managers chiefly used to calculate their selling prices? - Costs What is an algebraic equivalent of the formula: Sales = Costs + Profit? - Profit = Sales - Costs What is the name for the net value achieved by both parties in a business transaction? - Profit What element is not present in a barter economy? - Money What is the formula use...

What is the industry term used to describe the sum of prices paid by a business's customers? - total revenues Historically, what concept have hospitality managers chiefly used to calculate their selling prices? - costs What is an algebraic equivalent of the formula: Sales = Costs + Profit? - profit=sales-costs What is the name for the net value achieved by both parties in a business transaction? - profit What element is not present in a barter economy? - money What is the formula used to...

CHAPTER Version A I. True or _________ 1. _________ 2. _________ 3. _________ 4. _________ 5. known as suppliers. II. Write down the letter of the answer that best answers the question or completes the statement. _________ 6. The term VFR travel refers to: A. Visiting Friends and Relatives B. Very Frequent Reservations C. Very Favorable Restrictions D. Trick question: VFR refers to nothing _________ 7. Which of the following is not a sector of the travel industry? A. Corporate t...