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Answer to Question #111586 in Management for Jeanette Grimes
Question #111586
In the hospitality industry, it is typical for a manager to be expected to analyze the profit and loss or operating statement on a MONTHLY BASIS and to explain variations from budget or from the previous year - both positive and/or negative.
Group of answer choices
is this true or false
Group of answer choices
is this true or false
Expert's answer
Managers are expected to scrutinize the monthly operational statements and elucidate both negative and positive budget variations starting from the previous year. Budget keeping enables an organization to control its financial position efficiently and improve the company manager's decision making. So, the above statement is true.
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Dr. Ricci owns a hotel with 200 guestrooms. On Monday evening, Dr. Ricci's property had 150 out of its 200 rooms occupied. The General Manager (GM) calls Dr. Ricci on Tuesday morning and reports to him that the hotel's occupancy for Monday night was? Group of answer choices 25% 50% 75% It is not possible to calculate this result from the data provided
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