Business occupancy Study guides, Class notes & Summaries

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 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 ...

Who are the Two decision maker Ans: 1. The user 2. The investor The User's objective Ans: To make the decision regarding the space that they need for their business The investor's objective Ans: To make a decision regarding investment in properties that are or could be leased to users Can a user be an investor Ans: Yes User Decision Ans: They want space that meet the needs of their business in terms of location, size and layout of the space, quality of the building and perhaps pr...

Characteristics of a Community Association CORRECT ANSWER Mandatory membership Mutually binding documents Lien-based assessments Purposes of a Community Association CORRECT ANSWER Business - Not for profit Government - Runs like a mini-government Community - Mutual reasons for buying into area 3 Basic Types of Community Associations CORRECT ANSWER Planned Community - Owners owns his lot/living unit and community owns common areas (tennis courts, basketball courts, etc.). Condominium -...

How often is the Administrator responsible for reviewing the Resident care Policy and procedures -ANSWER Annually Occurrence reporting needs to be done in what time frame -ANSWER 24 hours How many days is the facility required to provide job specific orientation to new employees -ANSWER Within 90 days of hire How often is the facility required to access ambulation -ANSWER monthly How often is the facility required to evaluate the appropriateness of indwelling catheter care? -ANSWER m...

Commercial real estate assets have a number of attributes that make them unique relative to other types of investments. These attributes include the following: (x10) - 1. They involve land 2.Transaction time frames are long 3. Transaction costs are high 4. they are expensive 5. They are long lasting 6. Highly regulated 7. have a long production cycle 8. are management intensive 9. are heterogeneous 10. Involve measuring return on investment 1. Long-lasting, Durable Goods 2. Expe...

RHIT Exam Questions, RHIT Exam Terminology fully solved 2023 Inpatient occupancy rate: - correct answer (Service days x 100) / (number of beds x service days) = percentage rate % Under HIPAA, which of the following is not named as a covered entity? - correct answer Outsourced transcription company; they would be business associates of a covered entity A standard of performance or best practice for a particular process or outcome is called a(n)_____ - correct answer Benchmark The breach...

Michigan Builders License - All questions for the 60 Course Questions with correct Answers A layer of new wood on a tree just under the bark is called __________. · Xylem · Sap · Cambium · Phloem Cambium The Department and the __________ may remove a limitation. Hearing Examiner Director Board Commission Board A salesperson shall turn over money for a sale to their licensed builder Immediately Within 10 days Within 48 hours Anytime ...

What is the first offense penalty for engaging in the practice of residential building without a license? Not less than $5,000 and not more than $25,000 and/or one year in prison. Subsequent violations can extend the prison time to up to 2 years. What is the penalty for engaging in the practice of residential builders license, resulting in a death? Not less than $5,000 and not more than $25,000 and/or four years in prison On your individual builder's license application, what sh...

New York Adjuster Exam 2024 The insured has moved into a dwelling that was being build and was covered by the "Dwelling Under Construction" endorsement. How long does the insured have to report his / her occupancy to the insurance company? - Answer ️️ -30 days When a New York Homeowners policy is still in the 60-day underwriting period, the insurer may cancel it for any reason by providing a ______ notice. - Answer ️️ -30 day Personal property that is covered under the Personal P...