Unit-1-the-hospitality-industry Study guides, Class notes & Summaries

CIPS L4M1 - Question & Answer Past exam questions latest 2023/2023 O1. Outline FIVE differences between purchasing goods and purchasing services. 1. Goods are tangible, services are intangible: 2. Services cannot be separated from their supplier: 3. Heterogeneity: goods are usually uniform in nature while services are unique at each delivery 4. Services 'perish' immediately on delivery whereas goods can be stored until required 5. Products are easier to specify, being tangible O2. Exp...

AHLEI Exam Q&A Solved 100% correct QUESTIONS AND ANSWERS 2023 Account receivable system - ANSWER a system to account for revenue that is due. has been earned but not yet collected Accrual accounting system - ANSWER An accounting system that matches revenue generated with the expenses incurred to generate the revenue Commercial food service operations - ANSWER Food service operations found in lodging properties, clubs, restaurants, and other businesses. These operations exist to make a p...

(MR Credit) Building Product Disclosure and Optimization- Environmental Product Declarations - Opt. 2 Multi-Attribute Optimization. Exemplary Performance requirements? - correct answer Option 1. Source at least 40 qualifying products from five manufacturers. Option 2. Purchase 75%, by cost, of permanently installed building products that meet the required attributes What must be true of EPDs to qualify for MR Credit Building Product Disclosure and Optimization EPD? - correct...

Final Exam- GA PGM Level 1 3.0 Teaching and Coaching (Answered) Graded A+ Improvement in golf skill performance due to increased strength and flexibility as a result of participation in a fitness program is evidence that learning has taken place. *ANS* False A common mistake in teaching is the expectation that the student will be able to learn a skill from a verbal suggestion *ANS* True Autonomous learning is the first phase of learning a student will pass through when learning a new go...

Revenue Management Final Exam Questions with Correct and Verified Answers Revenue - Correct answer The total amount of sales achieved in a specified time period" "Revenue is calculate as: - Correct answer Number of Units Sold x Unit Price" "Effective managers of an organization's revenues MUST do three things - Correct answer 1. Understand the importance of revenue management 2. Understand the many complex factors that influence revenue management strategy and tactics 3. Beco...

SAE ASSESSMENT REVIEW- Champion Property Management 2023 Rated 100% police power --- The right of governments to control land use Fiduciary --- requires duties of obedience, loyalty, disclosure, confidentiality, accounting, and reasonable care variance --- permission to violate the rules building code --- dictates the minimum legally acceptable standards by which a building can be constructed Zoning --- determines for what purposes certain parcels of land that can be used prope...

AQA A-LEVEL ECONOMICS 7136/1 MARK SCHEME VERSION 1 A-level ECONOMICS 7136/1 PAPER 1 Markets and market failure Mark scheme June 2019 Version 1.0 Final *196A71361/MS* Mark schemes are prepared by the Lead Assessment Writer and considered, together with the relevant questions, by a panel of subject teachers. This mark scheme includes any amendments made at the standardisation events which all ass...

ENVIRONMENT social and physical characteristics - answer-Ambience Setting Authenticity Environmental Perception Cognitive Map Landmarks Images Geography of tourism Ambience - answer-Dynamic condition Understanding the tourism environment helps predict behavior Affected by people who move in and out of the atmosphere People adapt and respond to ambience Setting (smaller subset of the environment) - answer-Behavioral settings must include: People and Programs- orderly, planned...

ENVIRONMENT social and physical characteristics - answer-Ambience Setting Authenticity Environmental Perception Cognitive Map Landmarks Images Geography of tourism Ambience - answer-Dynamic condition Understanding the tourism environment helps predict behavior Affected by people who move in and out of the atmosphere People adapt and respond to ambience Setting (smaller subset of the environment) - answer-Behavioral settings must include: People and Programs- orderly, planned...

CIPS L4M1 - Question & Answer Past exam questions latest 2023/2023 O1. Outline FIVE differences between purchasing goods and purchasing services. 1. Goods are tangible, services are intangible: 2. Services cannot be separated from their supplier: 3. Heterogeneity: goods are usually uniform in nature while services are unique at each delivery 4. Services 'perish' immediately on delivery whereas goods can be stored until required 5. Products are easier to specify, being tangible O2. Exp...