Question

1. which is a kpi in the restaurant segment?

a. revenue per average room
b. average daily rate
c. prime cost percentage
d. occupancy percentage

1. what is meant by low profit margin?

a. very little money is being made per unit sold
b. not all seats are occupied from open to close
c. that demand changes from season to season
d. the amount of sales that will be lost if you increase prices

1. the total sales divided by the number of guests is the

a. low margin.
b. average daily rate.
c. average check.
d. revenue per available seat per hour.

1. what does a balance sheet show?

a. overall financial position of a business at a given time
b. company’s revenue and expenses for a specific period of time
c. costs that need to be paid regardless of whether a business is making money
d. information about past performance to use in forecasting

1. what is the process of using forecasting information to adjust prices to reflect the demand?

a. yield management
b. revenue management
c. displacement analysis
d. supply and demand analysis

1. which document compares a hotel’s performance against a set of competitive hotels in the same geographical area?

a. cost analysis
b. str report
c. displacement analysis
d. operational budget

1. which form of management is the process of taking into account total economic income to a business based on all avenues or outlets?

a. cost
b. yield
c. revenue
d. financial

1. which kind of budget is used for the normal day - to - day activities for a business?

a. sales
b. capital
c. production
d. operational

Explanation:

1. Prime cost percentage is a key performance indicator for restaurants, measuring food/labor costs relative to sales.
2. Low profit margin means minimal profit per unit sold.
3. Total sales divided by number of guests is average check.
4. A balance sheet shows a business’s financial position at a specific time.
5. Yield management uses forecasting to adjust prices based on demand.
6. STR report compares hotel performance to competitors in the same area.
7. Revenue management considers total economic income across all avenues/outlets.
8. Operational budget covers day-to-day business activities.

Answer:

1. C. Prime cost percentage
2. A. Very little money is being made per unit sold
3. C. average check
4. A. Overall financial position of a business at a given time
5. A. Yield management
6. B. STR report
7. C. Revenue
8. D. Operational