Hospitality business Samenvattingen, Aantekeningen en Examens

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

Hospitality correct answers Fastest growing industry worldwide fast paced, exciting, every day is different Product is INTANGIBLE (cant hold it) Service Experience correct answers When a guest meets and interacts with an employee "moment of truth" cannot be taken back or done over again Service industry correct answers include hospitality enterprises Example: employee/guest interactions- like a hotel front desk or in a restaurant different from manufacturing indus...

Hospitality and Tourism DECA Exam Questions With Answers As a primary source of law, federal statutes are enacted by... A. administrative agencies B. the U.S. supreme court C. The U.S. congress D. the House of Representatives C A restaurant wants to open a second location, but it doesn't have the necessary money to do so. However, it is able to borrow money from a ___ to open the new facility... A. creditor B. debtor C. borrower D. wholesaler A David and Ella are in busines...

Revenue management is the act of directing sources of income within the confines of - Answer- capacity, supply and demand GOPPAR takes into account which of the following variables that is not considered in RevPAR? - Answer- Controllable expenses Name revenue optimization strategies - Answer- Market segmentation, Duration control , BAR (Best Available Rate) Legoherel, Poutier, & Fyall point out that revenue optimization is not only about product versioning, distribution channel selectio...

Why is it important that you, a hospitality student or professional, study accounting? - correct answer As a user of financial information, you need to know how the information is processed and how reports are prepared. The fundamental purpose of accounting is to: - correct answer provide accurate, useful, and timely financial information. The fundamental accounting equation is: - correct answer assets = liabilities + equity In the double-entry system of accounting: - correct answer...

Commercial Real Estate SAE - Champion's School of Real Estate 495 Questions with Verified Answers Productivity Management - CORRECT ANSWER Measuring the results from the use of available systems and tools for prospecting activities CRM - CORRECT ANSWER Contact Relationship Manager, a tool used to automate prospecting tasks and manage leads Geographic farming - CORRECT ANSWER A particular area that may include neighborhoods that a sales agent or broker markets for the solicitation of bu...

The primary purpose of accounting is to report on an organization's? - Answer- money and valuable property. When does accounting for a business begin? - Answer- Before the business opens The best definition of an accountant is a person who - Answer- is skilled in the recording and reporting of financial transactions. Which governmental entity establishes standards, and then awards qualified individuals the Certified Public Accountant (CPA) designation? - Answer- State Which branch o...

AHLEI Final Exam Questions & Answers 2024/2025 Why is it important that you, a hospitality student or professional, study accounting? - ANSWERSAs a user of financial information, you need to know how the information is processed and how reports are prepared. The fundamental purpose of accounting is to: - ANSWERSprovide accurate, useful, and timely financial information. The fundamental accounting equation is: - ANSWERSassets = liabilities + equity In the double-entry system of acco...

BUSINESS 101 Effects of high employee turnover in the hospitality industry London CASE STUDY. 100% Verified

Cleaning and maintaining a kitchen will keep you, your employees, and your guests - Answer-All of these the browning of a roast or the sear on a piece of meat is caused by - Answer-maillard reaction in 1765, the first restaurant was created by _____ in paris - Answer-boulanger if you smell the milk and are not sure if it is good, what should be done? - Answer-throw it out having all the ingredients prepared and a plan to set your station, is part of what? - Answer-mise en place which of th...