Resort Economics (Tutorial 10)

What is the objective of an economic evaluation?

• To assess the probability of success

• To assess the probability of loss

• To plan the probability of getting the profit

• To manage the financial projection

Which of the following is not the critical variables for economic feasibility?

• Amount of revenue per visit.

• Length of the holidays

• The amount of capital investment

• Capacity

What are the components of capacity that related to the feasibility analysis?

• Resort and nature capacity

• Physical and ecological capacity

• Financial and profit capacity

• Loss and share capacity

What are the main determinants of the length of the season?

• Weather and climate

• Climate change

• The number of guest

• The season itself

Ski area capacity multiplied by the length of the ski season is equal to ..............

• Maximum number of skier that the resort can handle

• Maximum profit that resort can generate

• Maximum places that skier can go for skiing

• Maximum number of skier in one time

Which of the following is not the major cost elements that go into a ski resort?

• Ski lifts

• Ski attire

• Ski slope and trail construction

• Snow maintenance equipment

How to determine the the amount of revenue generated from each skier visit?

• Take the average of all revenue and dividing it by the number of skier visit.

• Subtract all revenue and dividing it by the number of skier visit.

• Multiply all revenue and dividing it by the number of skier visit.

• Totaling all revenue and dividing it by the number of skier visit.

How revenue from ski resort is generated?

• Ski attire

• Ski machine

• Ski lift tickets and supporting services.

• Ski resort

The measures of the business’s ability to meet its short-term obligations is closely related to which kind of financial condition?

• Low Revenue to Assets

• Low Pretax Profit Margin

• Low solvency/liquidity

• Low Revenue to Employee

All of the below is the revenue that can be generated to increase the profit of golf resort, except for?

• Revenue comes from annual fees and green fees

• Golf Maintenance

• Golf cart rental

• Merchandise