Hospitality industry - Study guides, Study notes & Summaries

Theory X 1950s - 1960s Ans- 1. They have an inborn dislike of work and will avoid it as much as possible. 2. They must be "coerced, controlled, directed, and threatened with punishment" to get the work done. 3. They prefer to be led, avoid responsibility, lack ambition, and want security above all else. Theory Y 1950s - 1960s Ans- 1. Work is as natural as play or rest; people do not dislike it inherently. 2. Control and the threat of punishment are not the only means of getting peop...

Primary focus of a supervisors job Ans- Directing Division of labor versus unity of command Ans- Division on Labor - Employees should specialize in work tasks. Unity of command - each employee should only have one boss Formal authority Ans- Comes from the position a person holds in the organization who is Ultimately responsible for tasks that a supervisor has delegated Ans- Supervisors are Ultimately responsible for their employees performance the different components of management are ...

Revenue Management Final Exam| Questions With Verified Answers A Graded Latest Updated 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 correct answer -total revenues Historically, what concept have hospitality managers chiefly used to calculate their selling prices? -income -revenue -costs -profits correct answer -costs What is an algebrai...

Revenue Management Final Exam | Latest 2023 with complete solution 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 calculate their selling prices? - Costs What is an algebraic equivalent of the formula: Sales = Costs + Profit? - Profit = Sales - Costs What is the name for the net value achieved by both parties in a business transaction? - Profit What elem...

Revenue management for the hospitality industry Latest 2024

Revenue Management for the Hospitality Industry Exam 2 With Complete Solutions To Score A+

Revenue Management Final Exam | Updated Question & Answers Graded A + 2023/2024 What is the industry term used to describe the sum of prices paid by a business's customers? Correct Answer Total Revenues Historically, what concept have hospitality managers chiefly used to calculate their selling prices? Correct Answer Costs What is an algebraic equivalent of the formula: Sales = Costs + Profit? Correct Answer Profit = Sales - Costs What is the name for the net value achieved by both ...

Human Resources Management in the Hospitality Industry, 2e By David Hayes, Jack Ninemeier (Test Bank) Human Resources Management in the Hospitality Industry, 2e By David Hayes, Jack Ninemeier (Test Bank)

Human Resources Management in the Hospitality Industry, 2e By David Hayes, Jack Ninemeier (Instructor Manual) Human Resources Management in the Hospitality Industry, 2e By David Hayes, Jack Ninemeier (Instructor Manual)

Hospitality Law Managing Legal Issues in the Hospitality Industry, 5e Stephen Barth, Diana Barber (Test Bank) Hospitality Law Managing Legal Issues in the Hospitality Industry, 5e Stephen Barth, Diana Barber (Test Bank)