Question 1

Compare and contrast the following concepts: franchise, partnership, leasing and syndication.

Accepted Answer

Students should cover the positive aspec

Question 2

List three popular forms of ownership used in the lodging industry that allow for rapid expansion.

Accepted Answer

Franchisin

Question 3

Purchasing the right to use a company's trademark and copyrighted materials is known as

Accepted Answer

A)  a partnership 
B)  franchising 
C)  leasing 
D)  syndication 
A)  a partnership 
B)  franchising 
C)  leasing 
D)  syndication

Question 4

Hotels that are a cross between a chain and a marketing group for independent hotels are classified as

Accepted Answer

A)  independent hotels 
B)  chain hotels 
C)  corporate hotels 
D)  quasi -chain 
A)  independent hotels 
B)  chain hotels 
C)  corporate hotels 
D)  quasi -chain

Question 5

The following are characteristics of airport hotels EXCEPT:

Accepted Answer

A)  airport shuttle service 
B)  budget focused 
C)  200 -600 rooms 
D)  full service 
A)  airport shuttle service 
B)  budget focused 
C)  200 -600 rooms 
D)  full service

Question 6

Hotels and motels that are part of a ________ share a centralized reservation system and a common image, logo or advertising slogan.

Accepted Answer

A)  franchise 
B)  referral association 
C)  REIT 
D)  proprietorship 
A)  franchise 
B)  referral association 
C)  REIT 
D)  proprietorship

Question 7

In franchising, the franchisee is granted rights to

Accepted Answer

A)  change the name of the business 
B)  use trademarks, operating procedures and other business procedures 
C)  full ownership of the building 
D)  full ownership of the land 
A)  change the name of the business 
B)  use trademarks, operating procedures and other business procedures 
C)  full ownership of the building 
D)  full ownership of the land

Question 8

Casino hotels

Accepted Answer

A)  are focusing more on the budget traveler 
B)  are marketing themselves as business hotels 
C)  are becoming more family friendly 
D)  make more money from gaming than from rooms 
A)  are focusing more on the budget traveler 
B)  are marketing themselves as business hotels 
C)  are becoming more family friendly 
D)  make more money from gaming than from rooms

Question 9

Franchising fees vary according to the agreements between franchisee and franchisor but the usual fees are between ________ of room revenue

Accepted Answer

A)  4 and 5% 
B)  3 and 4% 
C)  2 and 3% 
D)  5 and 6% 
A)  4 and 5% 
B)  3 and 4% 
C)  2 and 3% 
D)  5 and 6%

Question 10

List the six main types of hotels by price segment and give two examples of each. Outline a general profile of the typical customer for each segment.

Accepted Answer

In this question, the student needs to l

Question 11

In order to determine if a hotel development project would likely succeed, we would perform a

Accepted Answer

A)  feasibility study 
B)  operating assessment 
C)  trust initiative 
D)  property appraisal 
A)  feasibility study 
B)  operating assessment 
C)  trust initiative 
D)  property appraisal

Question 12

City center, resort, airport and freeway are all examples of hotels being classified by

Accepted Answer

A)  location 
B)  service 
C)  amenities 
D)  price 
A)  location 
B)  service 
C)  amenities 
D)  price

Question 13

An organization that rates and classifies hotels and awards them Diamonds is the

Accepted Answer

A)  American Hotel & Motel Association 
B)  United States Automobile Club 
C)  American Automobile Association 
D)  Exxon Excellence Association 
A)  American Hotel & Motel Association 
B)  United States Automobile Club 
C)  American Automobile Association 
D)  Exxon Excellence Association

Compare and contrast the following concepts: franchise, partnership, leasing and syndication.

List three popular forms of ownership used in the lodging industry that allow for rapid expansion.

Purchasing the right to use a company's trademark and copyrighted materials is known as

Hotels that are a cross between a chain and a marketing group for independent hotels are classified as

The following are characteristics of airport hotels EXCEPT:

Hotels and motels that are part of a ________ share a centralized reservation system and a common image, logo or advertising slogan.

In franchising, the franchisee is granted rights to

Casino hotels

Franchising fees vary according to the agreements between franchisee and franchisor but the usual fees are between ________ of room revenue

List the six main types of hotels by price segment and give two examples of each. Outline a general profile of the typical customer for each segment.

In order to determine if a hotel development project would likely succeed, we would perform a

City center, resort, airport and freeway are all examples of hotels being classified by

An organization that rates and classifies hotels and awards them Diamonds is the

Introducing Hospitality

Rooms Division

Food and Beverage

Beverages

The Restaurant Business

Restaurant Management

Managed Services

Tourism

Recreation, Attractions, and Clubs

Gaming Entertainment

Meetings, Conventions, Expositions

Special Events

Leadership and Management

Planning

Organizing

Communication and Decision Making

Control

Filters

Exam 2: The Hotel Business

Compare and contrast the following concepts: franchise, partnership, leasing and syndication.

List three popular forms of ownership used in the lodging industry that allow for rapid expansion.

Purchasing the right to use a company's trademark and copyrighted materials is known as

Hotels that are a cross between a chain and a marketing group for independent hotels are classified as

The following are characteristics of airport hotels EXCEPT:

Hotels and motels that are part of a ________ share a centralized reservation system and a common image, logo or advertising slogan.

In franchising, the franchisee is granted rights to

Casino hotels

Franchising fees vary according to the agreements between franchisee and franchisor but the usual fees are between ________ of room revenue

List the six main types of hotels by price segment and give two examples of each. Outline a general profile of the typical customer for each segment.

In order to determine if a hotel development project would likely succeed, we would perform a

City center, resort, airport and freeway are all examples of hotels being classified by

An organization that rates and classifies hotels and awards them Diamonds is the

Introducing Hospitality

Rooms Division

Food and Beverage

Beverages

The Restaurant Business

Restaurant Management

Managed Services

Tourism

Recreation, Attractions, and Clubs

Gaming Entertainment

Meetings, Conventions, Expositions

Special Events

Leadership and Management

Planning

Organizing

Communication and Decision Making

Control

Filters