Property Management Systems Are Designed to Assist Front Office Employees

question 1

Multiple Choice

Property management systems are designed to assist front office employees in performing functions related to what tasks?

• A)Reservations,rooms and guest account management
• B)Guest's meeting schedules
• C)Restaurant reservations
• D)Catering and Banquet reservations

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Definitions:

Mortgage Note Payable

A long-term liability listed on a company's balance sheet representing the borrower's obligation to repay a secured loan, typically used for real estate purchases.

Construction

The process of building, assembling, or forming infrastructure, buildings, or other constructed assets.

Installment Payments

Payments made regularly over a period of time to settle a debt or purchase, often including interest charges.

Convertible Bonds

Bonds that can be converted into a predetermined number of shares of the issuing company's equity at certain times during their life, usually at the discretion of the bondholder.