Controllable costs Study guides, Class notes & Summaries
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Hospitality Revenue Management final exam review | Questions with 100% Correct Answers | Verified | Updated 2024
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What is the industry term used to describe the sum of prices paid by a business's customers?: total revenues 
Historically, what concept have hospitality managers chiefly used to calcu- late their selling prices?: costs 
What is an algebraic equivalent of the formula: Sales = Costs + Profit?: prof- it=sales-costs 
What is the name for the net value achieved by both parties in a business transaction?: profit 
What element is not present in a barter economy?: money 
What is the formula used to ca...
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AIS Exam 3 2024 Questions & Answers 100% CORRECT
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AIS Exam 3 2024 Questions & Answers 100% CORRECT 
 
 
XBRL element - ANSWERSan individual financial statement item 
 
responsibility accounting - ANSWERSevaluating performance based on controllable costs 
 
flexible budget - ANSWERSevaluating performance by computing standards in light of actual activity levels 
 
journal voucher file - ANSWERSthe set of journal entries that updated the general ledger 
 
XBRL anatomy - ANSWERSa set of files that defines XBRL elements and specifies the relationsh...
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Revenue Management Final Q&A 100% All Verified
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Revenue Management Final 
Q&A 100% All Verified 
what is the industry term used to describe the sum of prices paid by a business's 
customers? 
-daily receipts 
-profit 
-profits less expenses 
-total revenues - ANS--total revenues 
historically, what concept have hospitality managers chiefly used to calculate their 
selling prices? 
-income 
-revenue 
-costs 
-profits - ANS--costs 
what is an algebraic equivalent of the formula: sales=costs+profit? 
-profit=sales-costs 
-costs=sales+profits ...
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D196-Principles of Financial & Managerial Accounting Questions And Answers Already Graded A+
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A cell reference that remains constant when a formula is pasted into a new cell - Answer-Absolute 
Cell Reference 
An accounting record in which the results of transactions accumulated; shows increases, decreases, 
and a balance. - Answer-Account 
A system for providing quantitative, financial information about economic entities that is useful for 
making sound economic decisions. Accounting provides the means of recording and communicating 
business activities and the results of those activitie...
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MARK3000 EXAM 1 Grantham Ch 1,4,5,6,9 Questions and Answers UPDATED 2024
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Marketing - An organizational function and set of process for creating, capturing, communicating, and delivering value to customers, and for managing customer relationships in ways that benefit the organization and its stakeholders 
 
Marketing Plan - A written document composed of an analysis of the current marketing situation, opportunities, and threats for the firm, marketing objectives and strategy specified in terms of four P's, action programs, and projected or pro forma income (and other...
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Test Bank For Entrepreneurship: The Practice and Mindset 1st Edition by Heidi M. Neck Christopher P. Neck ,Emma L. Murray
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Test Bank For Entrepreneurship: The Practice and 
Mindset 1st Edition by Heidi M. Neck Christopher P. 
Neck ,Emma L. Murray 
Chapter 1: Entrepreneurship: A Global Social MovementTest Bank 
Multiple Choice 
1. The authors define entrepreneurship as . 
a. a discipline that seeks to understand how opportunities are discovered, created, and 
exploited, by whom, and with what consequences 
b. starting a small business by finding investors and launching a product 
c. developing a new market by crea...
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CAPM Test Bank with 100% Correct Solutions |Latest 2024/2025
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CAPM Test Bank with 100% Correct 
Solutions. 
5 process groups ️ Initiating 
Planning 
Executing 
Monitoring and Controlling 
Closing 
Ten knowledge areas ️ Integration 
Scope 
Time 
Cost 
Quality 
HR 
Communications 
Risk 
Procurement 
Stakeholder management 
total float formula ️ total float = late finish - early finish 
normal distribution ️ bell curve - symmetrical distribution - 50% chance 
of falling below the mean and 50% chance of falling above the mean 
(1sigma=68.27%. 2sigma = ...
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Revenue Management Final Exam Question & Answers 2024.
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Revenue Management Final Exam Question & Answers 2024. 
what is the industry term used to describe the sum of prices paid by a business's customers? -daily receipts -profit -profits less expenses -total revenues -total revenues historically, what concept have hospitality managers chiefly used to calculate their selling prices? -income -revenue -costs -profits -costs what is an algebraic equivalent of the formula: sales=costs+profit? -profit=sales-costs -costs=sales+profits -costs=profit-sales -...
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Revenue Management Final Exam
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What is the industry term used to describe the sum of prices paid by a business's customers? - Answer- Total Revenues 
 
Historically, what concept have hospitality managers chiefly used to calculate their selling prices? - Answer- Costs 
 
What is an algebraic equivalent of the formula: Sales = Costs + Profit? - Answer- Profit = Sales - Costs 
 
What is the name for the net value achieved by both parties in a business transaction? - Answer- Profit 
 
What element is not present in a barter eco...
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WGU D196 Exam Questions With Verified Answers | Latest Update 2023/2024 Graded A+
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WGU D196 Exam Questions and Answers | Latest Update Graded A+ 2023/2024. For purposes of cash flow classification in the statement of cash flows, 
which item is an operating activity? 
Distributing dividends 
Paying employees 
Buying equipment 
7 / 11 
Selling bonds ANS Paying employees 
16. How does a classified balance sheet provide useful information to a 
decision maker? 
It distinguishes between current and long-term assets. 
It provides data that are not publicly disclosed. 
It provides da...
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