Hotel Management - Qp2

8 Questions | Total Attempts: 249

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Hotel Management - Qp2

Questions and Answers
  • 1. 
    Most units, especially in the restaurant and hotel sections of industry are large.
    • A. 

      True

    • B. 

      False

  • 2. 
    Franchising combines the advantages of small establishments with the advantages of large-scale production.
    • A. 

      True

    • B. 

      False

  • 3. 
    Several, conditions must be satisfied for perfect competition to exist which includes:  (Select four)
    • A. 

      There must be many buyers of the product, none of whose actions affect the price.

    • B. 

      There must be many sellers of the product, none of whose actions affect the price.

    • C. 

      All producers sell at the different prices.

    • D. 

      There must be no barriers of entry into the industry.

    • E. 

      The units of labour must be homogeneous.

  • 4. 
    The Demand for Hotel and Catering Services depends upon five main factors.
    • A. 

      True

    • B. 

      False

  • 5. 
    Firms expand by moving into different markets and ______ different products.
    • A. 

      Importing

    • B. 

      Buying

    • C. 

      Selling

  • 6. 
    Investment is the ______ of fixed assets.
    • A. 

      Purchase

    • B. 

      Sale

  • 7. 
    Membership of the trade union movement is relatively ______ in the hotel and catering industry.
    • A. 

      Standard

    • B. 

      Low

    • C. 

      High

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