WorksheetsComponent 3 LOA Keyterms
Total questions: 20
Worksheet time: 10mins
Which term means a factor that can affect and influence an individual's financial status, including education, employment status, and income?
Economic factors
Media
Infrastructure
Facilities
What is a recession?
A period of temporary economic decline
A permanent fall in living standards
A long rise in industrial investment
A short spike in consumer spending
Which term best describes the state of having paid work?
Compensation
Equality
Employment
Incentives
Fluctuations are best defined as:
A sudden change with no return to normal
A predictable seasonal sales cycle
A steady increase in prices and wages
An irregular rising and falling in number or amount
Currency refers to:
A system of money in general use in a particular country
The official price list for imported goods
A record of bank transactions for a business
A document used to declare customs duty
Legislation is the:
Act of collecting taxes from citizens
Policy of regulating advertising rules
Process of making or enacting laws
System of court trials and appeals
Marketing is the activity of:
Recording financial transactions for audits
Setting national interest rates for banks
Promoting and selling products or services
Inspecting kitchens for food safety
Repatriation involves:
Transferring profits to a supplier’s account
Relocating staff within a multinational company
Moving goods from warehouses to retail stores
Returning someone or money back to their own country
Media refers to:
Face-to-face customer feedback only
Internal memos and policy documents
Private conversations between staff
Main means of mass communication
Equality is the state of:
Providing identical pay regardless of role
Being equal in status, rights, or opportunities
Ensuring every region has one hospital
Offering the same menu to all customers
Risks are:
Insurance policies covering accidents
Minor inconveniences without consequences
Guaranteed outcomes of a decision
Situations involving exposure to danger
Authorities are:
Independent reviewers who test products for quality
People or organizations with political or administrative power
Trade unions representing hospitality workers
Private investors funding hospitality startups
An epidemic or pandemic is:
A seasonal allergy with predictable timing
An outbreak affecting many people across communities or the world
A minor illness limited to a single household
A single case traced to one restaurant
Precautions are:
Actions taken after incidents to record data
Legal penalties imposed for violations
Costs added to budgets for insurance only
Measures taken in advance to prevent harm
Exchange rates represent:
The prices set by hotels for foreign guests
The fees charged for international transfers
The total money supply within an economy
The value of one currency in relation to another
A hotel faces higher food import costs because the domestic currency weakens. Which concept directly explains this effect?
Exchange rates
Media
Legislation
Equality
A restaurant adds extra handwashing stations and reliable water supply to reduce illness among staff. Which term best captures these underlying systems?
Repatriation
Marketing
Currency
Infrastructure
During a recession, which change is most likely for hospitality businesses?
Higher taxes for every transaction
Stable demand regardless of income
Increased luxury spending by all groups
Reduced trade and industrial activity
A resort offers staff performance bonuses to increase upselling. Which term describes these bonuses?
Incentives
Taxes
Compensation only
Authorities
A travel company communicates a public health notice through television, radio, and websites. Which term covers these channels collectively?
Currency
Media
Facilities
Infrastructure
