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Test your basic knowledge |
Hotel Operations Management
Start Test
Study First
Subject
:
hospitality
Instructions:
Answer 50 questions in 15 minutes.
If you are not ready to take this test, you can
study here
.
Match each statement with the correct term.
Don't refresh. All questions and answers are randomly picked and ordered every time you load a test.
This is a study tool. The 3 wrong answers for each question are randomly chosen from answers to other questions. So, you might find at times the answers obvious, but you will see it re-enforces your understanding as you take the test each time.
1. The retention of decision making authority by a high level manager
Distribution of the reports is the final step in night audit process?
What is centralization?
Airport hotels
Independent Management Company
2. Blocking fewer rooms than requested by the group based on past history
Over or Short
What is wash (down)?
Code of Hammurabi
Confirmed reservation?
3. Owns hotels affiliated with chain brands
What is a guaranteed reservation?
What is a guest account?
Tour package coupons
Chain Management
4. Rooms available X occupancy percentage X Average daily rate
What is rack rate?
Suite hotels
Forcasted rooms revenue
Float Losses
5. Flat organization/ large number of employees reporting to one supervisor
What is a wide span of control?
Code of Hammurabi
Who deal with the pre arrival of the guests?
How do u calculate occupancy %?
6. 'end of day'
Top down or bottom up
When does the night audit begin?
What are 'fences'?
Due bank
7. The second largest employer in US - 1 OF EVERY 14 AMERICANS EMPLOYED IN TOURISM - MAKES $20000 A SECOND
Tourism
Cut off date?
What is a guaranteed reservation?
Dimensions of Service Quality
8. Determines a rooms long term availability
How do u calculate occupancy %?
How the hotel size that has the largest percentage
What is reservation status?
Float Losses
9. City Hotel - NY city
Airport hotels
Cut off date?
ADA
What was the first Hotel?
10. Expedia or Orbitz
What do on going franchise fees (including marketing fees) typically cost a hotel in terms of percent of revenues?
Reality
What is a third-party distribution company?
Hotels are typically organized along functional lines. List three strengths of functional organizational design.
11. More money in cash drawer than should be
Due bank
What is centralization?
Paying off the due bank
Over
12. A collection of all transactions incurred by a guest.
ADA
Cut off date?
What is a guest account?
Net Receipts
13. Reality < expectations dissatisfied
What is inelastic demand?
What was the first Hotel?
What is a guest ledger
Guest expectations
14. Rooms actually reserved by group members
What do on going franchise fees (including marketing fees) typically cost a hotel in terms of percent of revenues?
A hotel sold 95 rooms with 5 compted rooms. It is a 150 room hotel with 25 out of order. What is the occupancy %?
What is booked mean?
What is a block?
15. Actual rooms revenue divided by potential rooms revenue
What is yield statistoc?
Chain Management
Merchant discount fee
Independent Management Company
16. Uniformed services/FD
What is a block?
Who deals with the arrival of guests?
Independent Management Company
Cut off date?
17. Hotel verifies that a guest has a reservation. can be guarnteed or no guaranteed
NON REIT Owner
What is reservation status?
ADA
Confirmed reservation?
18. Means to expand quickly with little capital -collect franchise fees
Top down or bottom up
Owner/operator
Why might a hotel owner want to purchase a hotel franchise? What are the advantages of being a franchisee?
What is...
19. Tangibles - reliability - responsiveness - assurance and empathy
Dimensions of Service Quality
Why might a hotel owner want to purchase a hotel franchise? What are the advantages of being a franchisee?
What is Room status discrepancy ?
Where will the majority of the global growth take place
20. Set of registered hotel guest accounts
What do on going franchise fees (including marketing fees) typically cost a hotel in terms of percent of revenues?
What is a guest ledger
Short
Independent Management Company
21. Huge capital investment needed. Time to wait on zoning and construction.
What makes hotel franchising different from other types of franchises? Think about the difference between a quick-service restaurant and a full-service hotel.
What is wash (down)?
What is the difference between an employee and an associate?
What is...
22. Hotel gets money later - pays employee up-front
What is reservation status?
Why do hotels offer discounted rates?
Float Losses
Market segmentation
23. Actual cash in dollars and cents in the cash drawer
What is...
What is a guest account?
What is a guaranteed reservation?
Why do hotels offer discounted rates?
24. Provided to frequent business guests
What is corporate rate?
Who deals with the departure of the guests?
Confirmed reservation?
What is a guaranteed reservation?
25. Cashier (FD)/ uniformed services
Who deals with the departure of the guests?
What is a narrow span of control?
What is decentralization?
What is the responsibility of the reservations?
26. They are bullish because there is a near-zero amount of new hotel supply - Loans are difficult to get - Extremely limited new build activity
Airport hotels
Dimensions of Service Quality
When are lodging analysts bullish on hotel stocks?
Given the high barriers to entry in some of the major lodging markets - increased revenues at the hotel level can only be derived from taking market share. What are the necessary 'tools' for attracting business from competitors?
27. Tall organization/ small number of employees report to a supervisor
Who is the keys of gold?
What is a narrow span of control?
What is reservation status?
Why do hotels offer discounted rates?
28. Reservations and non refundable purchases for price sensitive guests versus opposite
What was the first Inn?
Distribution of the reports is the final step in night audit process?
What is a guest folio?
Give an example of a fence used in the hotel industry
29. Where the rich people stayed when traveling in the Roman Empire
Code of Hammurabi
Mansio
What is corporate rate?
Tour package coupons
30. Logical rational rules designed to allow customers to segment themselves into appropriate rate categories
31. Harder to get than 5 diamond
Net Receipts
Hotels are typically organized along functional lines. List three strengths of functional organizational design.
Over
Forbes 5 star
32. 1990; accomodate guests and employees with disabilities
ADA
What do on going franchise fees (including marketing fees) typically cost a hotel in terms of percent of revenues?
What is a guest account?
Chain Management
33. When more money is paid out than comes in and the cashier uses his bank for the payment
Over
Due bank
What is...
What makes hotel franchising different from other types of franchises? Think about the difference between a quick-service restaurant and a full-service hotel.
34. Negotiated based on number of rooms
Chain Management
What is group rate?
What is the largest department?
Over
35. Coupons used by members of tour groups to pay for meals etc...
Franchisor loading corporation
What is the largest department?
Tour package coupons
Moments of truth
36. 1. analyze the market 2. segment your customers 3. create different products for customers 4. forecast demand by segment 5. determine the optimal customer mix 6. use restrictions to maximize revenues
Is there really such a thing as a six or seven star hotel?
Confirmed reservation?
What are the six steps in the Revenue Management Model?
Paying off house vouchers
37. The accounting departments buys out the house petty cash vouchers with real cash - so that cash drawer is accurate
Forbes 5 star
Paying off house vouchers
What is booked mean?
Franchisor loading corporation
38. Hotel holds room until 4 or 6
Market segmentation
Paying off house vouchers
Non-guaranteed reservation?
Why might a hotel owner want to purchase a hotel franchise? What are the advantages of being a franchisee?
39. C corp - legal - taxable entity - REIT - exempt from corporate tax as long as they comply with certain guidelines
Discuss a weakness of functional organizational design.
Hotels are typically organized along functional lines. List three strengths of functional organizational design.
What is Room status discrepancy ?
What are the differences between a C-Corp. and a REIT?
40. Blocking/pre-assigning rooms
Room assignment process
What is inelastic demand?
Who deals with the departure of the guests?
What should be
41. When they want to check in on a 'head night' and break up what is otherwise a potential consecutive day booking
Ideal Room Rate
When would you want to use a minimum LOS control?
Who deals with the arrival of guests?
What should be
42. Chain Management - Independent Management Company - Owner/Operator and Non- REIT owner.
Cut off date?
What is the most used operating ratio?
Franchisor loading corporation
What is housekeeping status?
43. Reservations
Who deals with the departure of the guests?
Who deal with the pre arrival of the guests?
Chain Management
Ideal Room Rate
44. The difference between money taken in and paid out
Net Receipts
Hotels are typically organized along functional lines. List three strengths of functional organizational design.
Reality
Independent Management Company
45. Appeal to both business and leisure travelers
What is housekeeping status?
Suite hotels and extended stay hotels
What is a narrow span of control?
Franchisor loading corporation
46. To sell every available room at the most profitable rate
Franchisor
What is the responsibility of the reservations?
Franchisor loading corporation
What is Room status discrepancy ?
47. The bank has to be re-built to the stipulated amount by giving cash back to the cashier
Given the high barriers to entry in some of the major lodging markets - increased revenues at the hotel level can only be derived from taking market share. What are the necessary 'tools' for attracting business from competitors?
How to calculate average room rate?
What is a wide span of control?
Paying off the due bank
48. Reality > expectations 'thrilled'
Who deals with the departure of the guests?
What is a wide span of control?
Reality
What is...
49. The first place where a lot of people could stay overnight and keep all their animals etc
Paying off house vouchers
The hotel classifications that make up 7% of all hotels but make 36% of all hotel revenue
Suite hotels
Caravanseri
50. Date when group blocked rooms return to hotel room inventory
Mansio
What is booked mean?
Cut off date?
Forcasted rooms revenue