Hotel food - Study guides, Class notes & Summaries

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 -prof...

Which of the following statements about hotel food and beverage operations is TRUE? a. Hotel marketing efforts focus exclusively on attracting hotel guests to dine at the property's food and beverage outlets. b. Room service is typically the most profitable food service operation in a hotel. c. The restaurant manager in a hotel has greater decision-making powers than a manager of a freestanding restaurant. d. Catering responsibilities in a hotel are generally a function of the marketing and...

ACCOUNTING ESSENTIALS FOR HOSPITALITY MANAGERS 4TH EDITION CHRIS GUILDING, KATE MINGJIE JI TEST BANK Chapter 1: Introduction: Hospitality Decision Makers’ Use of Accounting 1. Which of the following is not an example of a sector that can be classified within the hospitality industry? A. Cruise liners B. Country and sports clubs C. Pubs and bars D. Fast-food outlets E. All of the above can be classified within the hospitality industry 2. Which of the following statements is not...

Which of the following statements about hotel food and beverage operations is TRUE? a. Hotel marketing efforts focus exclusively on attracting hotel guests to dine at the property's food and beverage outlets. b. Room service is typically the most profitable food service operation in a hotel. c. The restaurant manager in a hotel has greater decision-making powers than a manager of a freestanding restaurant. d. Catering responsibilities in a hotel are generally a function of the marketing and...

What is bigger in the tourism industry, fixed costs or variable costs? fixed costs are bigger -Think of an airplane: staffing, airport fees (fixed) - huge amount of the costs for airplanes come from fixed costs; food, fuel (variable) - not as easy to determine the variable costs We can reduce prices (even below total cost per room), as long as the reduced price covers, fixed cost per room or variable cost per room? We can reduce prices as long as the reduced price covers the variable ...

full service hotels - Answer--complete food and beverage services -high quality guest services -major guests: corporate and leisure not sensitive to price -subsegments: 1. deluxe 2. luxury (upper upscale) 3. upscale 4. midscale with food and beverage limited service hotels - Answer--referred to as motels or motor hotels until 1990s -no restaurant or retail on the property -major guests are budget conscious -growing faster than full service hotels: ease of development, operations, high...

3700 Certification Exam Questions With Verified Answers. Which of the following would be classified as a noncommercial food service operation? a. a snack bar located in an airport terminal b. a meal program at a college or university c. a concession stand at a sports facility d. an upscale, fine dining facility at a resort - answerb. a meal program at a college or university Which of the following would be classified as a commercial food service operation? a. meals prepared and served i...

Test Bank For Accounting Essentials for Hospitality Managers, 4e Chris Guilding, Kate Mingjie Ji-Which of the following is not an example of a sector that can be classified within the hospitality industry? A. Cruise liners B. Country and sports clubs C. Pubs and bars D. Fast-food outlets E. All of the above can be classified within the hospitality industry 2. Which of the following statements is not true? A. Designing a large hotel’s organisational structure and accounting system is c...

Why is Budgeting important? - Answer-Anticipate and prepare for future financial conditions Provide estimates of future revenues and expenses Help determine future room rates and other pricing structures Estimate financial returns on investments encourage managers to establish their own operating objectives, evaluation techniques and tools Help GM, Controller, and department heads self-evaluate financial progress controller - Answer-The individual responsible for recording, classifying, an...

SECTION 1 Questions 1 - 10 Questions 1 - 6 Circle the correct letters A - C. Example Mr. Griffin is coming for... A B a holiday. a business trip. C 1 to see family. Mr. Griffin has been to the Sunrise Hotel.. A B C 2 once previously. twice previously. three times previously. Mr. Griffin is from... A B C 3 Melbourne. Sydney. Perth. Mr. Griffin’s passport number is... A B C 4 . . . Mr. Griffin wants to book... A B C ...