Hotel Financial Terms Quiz! Trivia

8 Questions | Total Attempts: 88

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Hotel Financial Terms Quiz! Trivia - Quiz

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.


Questions and Answers
  • 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.
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