BAM 123 LONG QUIZ

Who is responsible for consolidating all departmental budgets into an overall hotel budget?

• Department heads

• General manager

• Marketing director

• The hotel’s financial staff

A hotel’s food and beverage manager wants to reduce errors in service and improve food safety. What should they focus on?

• Using imported ingredients exclusively

• Allowing staff to choose their own tasks

• Providing proper training and assigning clear roles for responsibilities

• Letting each department create their own menus

Which of the following methods ensures older stock is used before newer stock to prevent spoilage?

• LIFO – Last In, First Out

• FIFO – First In, First Out

• JIT – Just In Time

• ROI – Return on Investment

As a hotel finance manager, you are reviewing the effect of a newly acquired delivery van on your monthly budget. You notice increased fuel and maintenance costs. This situation demonstrates the impact of:

• Incorrect budgeting techniques

•   Capital asset depreciation and maintenance on the operational budget

• Faulty investment decisions

• Poor cash flow control

An operational budget is a:

• Fixed plan for acquiring land

• Detailed projection of the company’s revenues and expenses for the upcoming fiscal year

• Set of promotional strategies

• Monthly labor and materials forecast

The capital budget identifies:

• Company goals and staff behavior

• Marketing channels

• The assets needed, the source of funding and expected returns

• Daily labor costs

Future needs for purchases of fixed assets are incorporated into:

• Operational analysis

• Department planning

• Capital Budget

• Operational Budget

The hotel’s financial staff is responsible for:

• Forecasting only expenses

• Designing the SOP

• Consolidating the department budgets into an overall hotel budget

• Menu pricing and customer service

Which of the following is considered a prime cost in food and beverage operations?

• Only beverage cost

• The sum of food, beverage, and labor cost

• Marketing and promotional expenses

• Maintenance and depreciation

Which of the following best defines an operational budget?

• A short-term record of daily staff duties

•   A budget for acquiring land and buildings

• A detailed projection of the company’s revenues and expenses for the upcoming fiscal year

• A budget used to measure customer satisfaction