Mgt 210 - Study guides, Class notes & Summaries

Why is Budgeting important? - Answer-Anticipate and prepare for future financial conditions Provide estimates of future revenues and expenses Help determine future room rates and other pricing structures Estimate financial returns on investments encourage managers to establish their own operating objectives, evaluation techniques and tools Help GM, Controller, and department heads self-evaluate financial progress controller - Answer-The individual responsible for recording, classifying, an...

full service hotels - Answer--complete food and beverage services -high quality guest services -major guests: corporate and leisure not sensitive to price -subsegments: 1. deluxe 2. luxury (upper upscale) 3. upscale 4. midscale with food and beverage limited service hotels - Answer--referred to as motels or motor hotels until 1990s -no restaurant or retail on the property -major guests are budget conscious -growing faster than full service hotels: ease of development, operations, high...

CMGT 2103 Final Exam (CMGT 2103 final exam) Questions & Answers Already Passed!!

CMGT 2103 Final Exam (CMGT 2103 final exam) Questions & Answers Already Passed!!

MGT - 210 - Employee Selection and Retention Chapter 9 Quiz with correct answers

CMGT 2103 final UPDATED Exam Questions and CORRECT Answers pre-construction, procurement, construction, and post-construction - CORRECT ANSWERselect the four fundamental stages of the construction management process programming and feasibility, schematic design, design development, and contract documents - CORRECT ANSWER- the design process has four distinct stages, what are they? the process of identifying any problems associated with the project early to be factored into decisions - C...

MGT 210 Exam 1 questions and 100% correct answers

CMGT 210 Quiz 1 questions & answers

CMGT 2103 - Exam 1, Top Questions and answers, RATED A+ Spec builders - -Subdivision; same design Production builders - -Same design; like production; semi custom homes Custom home builders - -Of the shelf plans; in house designer; firm price contract Lump sum contract - -- Firm price contract - Defined scope/escalation clause Cost plus contract - --Owner bares cost of overruns - Can be % of cost of work, fixed sum, or variable sum - Option of variable fee cost plus contract ...

easier, lower capital for start-up, more disposable income, trendy - answer-why do we care about entrepreneurship more today? solve problems - answer-What are entrepreneurs really trying to do? -Identifying problems that generate opportunity -Crafting ideas to solve these problems -Taking the best ideas through to completion -Creating value ($$$) from those ideas - answer-What is the innovation process? take advantage of opportunities - answer-How do we embrace our inner entrepreneur...