Question 1

What is the name of the accounting procedures suggested for use in the hotel industry?

Accepted Answer

A)  USR 
B)  USL 
C)  USAR 
D)  USALI 
A)  USR 
B)  USL 
C)  USAR 
D)  USALI

Question 2

Which financial tool would help a GM determine the best time to temporarily close a large number of guest rooms for renovation?

Accepted Answer

A)  Audit 
B)  Budget 
C)  Revenue forecast 
D)  Statement of cash flows 
A)  Audit 
B)  Budget 
C)  Revenue forecast 
D)  Statement of cash flows

Question 3

Which type of budget would be best used for scheduling needed capital expenditures?

Accepted Answer

A)  Weekly 
B)  Monthly 
C)  Annual 
D)  Long range 
A)  Weekly 
B)  Monthly 
C)  Annual 
D)  Long range

Question 4

What is the primary purpose of a hotel controller?

Accepted Answer

A)  Serve as the chairperson of the EOC. 
B)  Advise the GM on pricing decisions. 
C)  Manage the hotel's payroll and benefits costs. 
D)  Oversee bookkeeping and accounting functions. 
A)  Serve as the chairperson of the EOC. 
B)  Advise the GM on pricing decisions. 
C)  Manage the hotel's payroll and benefits costs. 
D)  Oversee bookkeeping and accounting functions.

Question 5

A hotel's AP balance increases when

Accepted Answer

A)  products and services are sold to customers on credit. 
B)  invoices for products purchased by the hotel are paid. 
C)  legitimate invoices have been received by a hotel for payment. 
D)  customers who have been sold products and service on credit pay their bills. 
A)  products and services are sold to customers on credit. 
B)  invoices for products purchased by the hotel are paid. 
C)  legitimate invoices have been received by a hotel for payment. 
D)  customers who have been sold products and service on credit pay their bills.

What is the name of the accounting procedures suggested for use in the hotel industry?

Which financial tool would help a GM determine the best time to temporarily close a large number of guest rooms for renovation?

Which type of budget would be best used for scheduling needed capital expenditures?

What is the primary purpose of a hotel controller?

A hotel's AP balance increases when

Overview of the Hotel Industry

The Guest Service Imperative

The Hotel General Manager

General Managers Are Leaders

Human Resources

Revenue Management

Sales and Marketing

The Front Office

House-Keeping

Food and Beverage

Property Operation and Maintenance

Personal Safety and Property Security

Franchise Agreements and Management Contracts

Managing in the Global Hotel Industry

Filters

Exam 6: Accounting

What is the name of the accounting procedures suggested for use in the hotel industry?

Which financial tool would help a GM determine the best time to temporarily close a large number of guest rooms for renovation?

Which type of budget would be best used for scheduling needed capital expenditures?

What is the primary purpose of a hotel controller?

A hotel's AP balance increases when

Overview of the Hotel Industry

The Guest Service Imperative

The Hotel General Manager

General Managers Are Leaders

Human Resources

Revenue Management

Sales and Marketing

The Front Office

House-Keeping

Food and Beverage

Property Operation and Maintenance

Personal Safety and Property Security

Franchise Agreements and Management Contracts

Managing in the Global Hotel Industry

Filters