12 Operational Finance

12 Operational Finance

11th Grade

25 Qs

quiz-placeholder

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12 Operational Finance

12 Operational Finance

Assessment

Quiz

Other

11th Grade

Practice Problem

Hard

Created by

David Chamberlin

Used 15+ times

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25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term which represents the highest possible rate a guest may be charged for a room?

Highest rack rate

Highest room rate

Rack Rate

Room Rate

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The financial goal of any hotel is to:

Create guest loyalty

Have great customer ratings

Have great customer service

Make a profit

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The rooms division is responsible for producing revenue from the sale of guestrooms.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Larger hotels are not concerned with measuring the profitability of the food and beverage department.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The front office employees who book guestrooms will be asked for discounted room rates and must know when and how to apply those lower rates.

True

False

6.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Not all areas or departments in a hotel generate revenue. Some departments are considered revenue centers while others are considered cost centers. In the exercise bellow, indicate if the department is either a revenue or cost center.


Which is SECURITY?

Cost Center

Revenue Center

7.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Not all areas or departments in a hotel generate revenue. Some departments are considered revenue centers while others are considered cost centers. In the exercise bellow, indicate if the department is either a revenue or cost center.


Which are the FITNESS & RECREATION FACILITIES?

Cost Center

Revenue Center

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