Impact Of Forecasting In Business Quiz

10 Questions | By Aoht | Last updated: Aug 25, 2022 | Total Attempts: 1368

Questions

Settings

Create your own Quiz

Impact Of Forecasting In Business Quiz - Quiz

Do you know everything you need to know about business forecasting? Think you can pass a quiz? Forecasting is the utilization of past data to determine the direction of future trends in business and world situations in general. Take this quiz if you need to gauge how much you know about it. With this business forecasting quiz, you will not only test your knowledge but enhance it too. Even if you miss out on something, we will help you with the correct answer. All the best! Do share it with other businessmen.

Questions and Answers

1.

Which of the following is the most important short-term planning activity performed by front office managers?
- A.
  
  Setting up staffing schedules
- B.
  
  Estimating expenses
- C.
  
  Dividing work among staff
- D.
  
  Forecasting the number of rooms available for sale
2.

Which of the following statistics helps the front office manager decide whether to sell rooms to walk-in guests on nights when the hotel nears full occupancy?
- A.
  
  Percentage of walk-ins
- B.
  
  Percentage of no-shows
- C.
  
  Multiple occupancy percentage
- D.
  
  Average daily rate
3.

The percentage of overstays is equal to:
- A.
  
  The number of overstay rooms divided by the number of actual room checkouts.
- B.
  
  The number of overstay rooms divided by the number of expected room checkouts.
- C.
  
  The number of stayover rooms divided by the number of expected room arrivals.
- D.
  
  The number of overstay rooms divided by the number of reservations.
4.

At most lodging properties, the ten-day forecast is developed jointly by the front office manager and the:
- A.
  
  General manager.
- B.
  
  Accounting department.
- C.
  
  Reservations manager.
- D.
  
  Executive housekeeper.
5.

Given the following data, calculate the percentage of no-shows. Number of room no-shows 30 Number of room walk-ins 60 Number of overstay rooms 40 Number of under-stay rooms 20 Number of room reservations 300Number of room arrivals 340 Number of expected check-outs 380.
- A.
  
  10%
- B.
  
  8.82%
- C.
  
  7.89%
- D.
  
  Cannot be determined from data
6.

Based on the following information, determine the answer. Number of guestrooms is 350. Number of room reservations 200 Number of room walk-ins 25 Number of room stayovers 80 Number of overstay rooms 55 Number of under-stay rooms 10 Number of expected check-outs 75 Number of room no-shows 5 Number of out-of-order rooms 1 What is the percentage of no-shows?
- A.
  
  3%
- B.
  
  11%
- C.
  
  73%
- D.
  
  13%
- E.
  
  30
7.

What is the percentage of walk-ins?
- A.
  
  3%
- B.
  
  11%
- C.
  
  73%
- D.
  
  13%
- E.
  
  30
8.

What is the percentage of overstays?
- A.
  
  3%
- B.
  
  11%
- C.
  
  73%
- D.
  
  13%
- E.
  
  30
9.

What is the percentage of under-stays?
- A.
  
  3%
- B.
  
  11%
- C.
  
  73%
- D.
  
  13%
- E.
  
  30
10.

Trends are best described as:
- A.
  
  Fashion trends
- B.
  
  Patterns in the figures
- C.
  
  Changing trends
- D.
  
  Data variations