Hospitality Management MCQ

1.Which process assesses the advantages of increasing sales of certain products and services?

• Margin analysis
• Capital budgeting
• Bottleneck identification
• Constraint analysis

2.Why is managerial accounting a critical activity in the hospitality industry?

• It provides a balance sheet for the public to view.
• It ensures that a business doesn't get audited.
• It provides the mission and vision of the business.
• It provides information to managers to aid in decision making.

3.The hospitality industry is heavily _____.

• customer-facing
• antiquated
• web-based
• technical

4.Which of the following is NOT one of three important factors to understand when managing a project in the hospitality industry?

• What drives value
• The project management approach
• The personnel involved
• The revenue of the company

5.The sales forecast is the beginning of the budgeting process. Why is it important that sales forecasts are as accurate as possible? Choose the best answer.

• When the sales forecast is incorrect, revenue forecasts are incorrect.
• When the sales forecast in incorrect, the expected profit will be understated.
• When the sales forecast is incorrect, expense calculations will be overstated.
• When the sales forecast is incorrect, cash forecasts will underestimate cash inflow.