Hotel Financial Terms Quiz! Trivia
Hotel financial terms quiz trivia. Finance in the hotel sector is not that different from another sector and the quiz below is designed for those of you who want a career in hotel finance and covers some of the basics you need to refresh up on such as income statement creation and its components. Do give it a shot and get to see what facts you may have forgotten.
- 1.What is the financial goal of the hotel?
- A.
Gross Operating Profit
- B.
Departmental Profit
- C.
Net Operating Income
- D.
Undistributed Expenses
- 2.________________ and _______________ are averages that can both be found using the following formula revenue/ statistics= average* Hint* one is Food and Beverage the other is Rooms Division
- 3.What time does the front desk close?
- A.
10 PM
- B.
6 PM
- C.
11 PM
- D.
All of the above
- E.
None of the above
- 4.Write the formula to find Flow Thru.
- 5.Net Operating Income is
- A.
Revenue minus departmental expenses and fixed charges
- B.
Revenue minus undistributed expenses
- C.
Revenue minus undistributed expenses, departmental expenses and fixed charges
- D.
Revenue plus departmental expenses and fixed charges
- E.
Revenue plus undistributed expenses, departmental expenses and fixed charges
- 6.Statement of Income is
- A.
Detail statement of all revenues for a given period
- B.
Financial detail of a given period
- C.
Summary statement of all revenues for a given period
- D.
Financial summary of a given period
- E.
Summary of all expenses for a given period
- 7.Which is a synonym for Gross Operating Profit?
- A.
Net Operating Income
- B.
ADR
- C.
RevPar
- D.
House Profit
- E.
Room Revenue
- 8._____________________ expense does not have a correlating revenue.
Questions: 17 | Attempts: 11302 | Last updated: Mar 22, 2022
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Sample QuestionThe return may be thought of as _________________.
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Sample QuestionWhat percentage of mutual funds, financial experts, and investment advisory services underperform the overall market and comparable indexes?
Questions: 40 | Attempts: 8871 | Last updated: Mar 21, 2022
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Sample QuestionThe structure that is available in an economy to mobilize the capital from various surplus sectors of the economy and allocate and distribute the same to the various needy sectors is known as----------
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