Hospitality Forecasting Quiz

What is a budget?

• A plan for spending money

• A type of food

• A kind of animal

Which of these is a way to save money in a hotel?

• Buying more expensive furniture

• Turning off lights when not needed

• Hiring more staff than needed

What does revenue mean?

• Money spent on food

• Money earned from guests

• Money lost in a game

What is a cost?

• A type of game

• Money spent on things

• A kind of fruit

What is variance analysis used for?

• To find out how much fun a game is

• To compare what was planned with what actually happened

• To make a cake

What is a sales projection?

• A movie about sales

• A guess about how much will be sold

• A type of plant

What is a market trend?

• A new type of toy

• A pattern of changes in what people buy

• A kind of dance

Which of these is a budgeting technique?

• Spending all your money at once

• Planning how to spend money over time

• Ignoring your expenses

What is the purpose of cost control?

• To increase spending

• To keep costs from getting too high

• To make more friends

What does it mean to forecast revenue?

• To predict how much money will be earned

• To make a weather report

• To draw a picture