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HFT4468 Revenue Management Final Exam/ 100 Quizzes with Definitive Solutions. Which of the following is not a hotel intermediary? - Answer: Front desk agents Which travel industry-related business group developed the Global Distribution System? - Answer: The airline industry What was the original purpose of THISCO? - Answer: To develop a single GDS connection for major hotel companies Why can foodservice operators sell a 20 year Scotch at a price higher than a one year old Scotch? -...

Revenue Management Exam 1/ 70 Terms with Certified Solutions. Room Night - Answer: The single night's use of a guest room EX: 1 room sold for 3 consecutive nights yields three room nights reference price - Answer: the price perceived by consumers to be the normal price for a product of service Hard constraint - Answer: a supply constraint that cannot be removed regardless of product demand EX: natural gas pipelines, number of hotel rooms What does the law of supply and deman...

HTM 4453 - Revenue Management AHLA Certification Practice Exam Revenue management is a set of revenue maximization strategies and tactics that - Answer: can be used to improve the profitability of certain businesses. When the American Airlines CEO developed yield management, what type of information was crucial to its success? - Answer: forecasting Which of the following statements about hotel revenue management is FALSE? - Answer: Revenue management is new, as are all of the strategies...

Hospitality Revenue Management Final Exam Review/ 196 Quizzes & Ans. 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 economic term used to describe the difference between what a consum...

Revenue management final/ 121 Quizzes with Definitive Solutions. ADR formula - Answer: Total Rooms Revenue / Total Rooms Sold Value proposition - Answer: when a seller communicates to a buyer a description of a product to be sold and the price at which that product will be sold Owners’ ROI formula - Answer: Owners Investment Return/ Owner's Original Investment Which formula represents a buyer's view of a sales transaction? - Answer: perceived value - selling price = personal p...

Xactimate Level 1 Cert/ 42 Q&A/ Newly Updated . The only way to create an Xactimate estimate is through XactAnalysis. - Answer: False With an Internet connection, you can download and upload a XactAnalysis assignment. - Answer: True What are the steps in the 4-Step Estimating Process? - Answer: 1.Claim Info 2.Sketch 3.Estimate Items 4.Complete Before dragging a wall handle, holding down the ______ key on your keyboard will create a new room. - Answer: Control What does a numbe...

Xactimate Level 2 Cert Knowledge/ 44 Questions & Correct Answers. When working on multiple estimates in the same city/state/zip, you can set up Project Loss Defaults for that city/state/zip to save time. - Answer: True Where in Xactimate can you go to change the default wall thickness for all future estimates? - Answer: Control Center/Preferences If the activity of an item is changed, the unit price for the item does not change. - Answer: False __________ are those additional activi...

Post Test: Branches and Levels of Government (PLATO 100% 18/18) Assume that you are a member of a special interest group that wants to raise taxes on certain items. Who would you present your idea to if you wanted it to be proposed as a bill? A. a Supreme Court justice B. the president C. the American people D. a senator E. a member of the House - Answer: E. a member of the House Which is an example of the executive branch imposing a check on the legislature's power to make law...

MSA ONBOARDING POST TEST/ QUIZZES & CORRECT ANS. Providing excellent customer service is one of the VA Core values. In the VA, who are our customers? (Select all that apply) - Answer: Veterans Family members employee Trainees Mr. Jones, a Vietnam Veteran, calls his Primary Care office requesting an Agent Orange exam. The scheduler is new and not familiar with the requirements of the exam. Select the scheduler's best response to the Veteran. - Answer: Mr. Jones, I am not famil...

USPS SSA Exam 2021 (Latest version of study questions for the SSA 421 Exam (updated 01/11/21). All testable modules included) 143 Q&A Insured Mail - Answer: This Extra Service provides indemnity coverage for merchandise if the item is damaged or lost while in possession of the Postal Service. Maximum indemnity amount is $5,000 (exceptions). Return Receipt - Answer: This Extra Service provides evidence of delivery (to whom the mail was delivered and date of delivery) and information about...