What Is the Most Common Reason Hoteliers Use Budgets, According

question 54

Multiple Choice

What is the most common reason hoteliers use budgets, according to the article?

• A) As a planning tool
• B) As a standard for comparison to actual performance figures
• C) As a legitimacy factor
• D) In order to determine a proper bonus structure
• E) None of the above

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Definitions:

Efficiency

The ratio of the output obtained to the input used in the production process, measuring how well resources are utilized.

Gantt Charts

A type of bar chart that illustrates a project schedule, showing the start and finish dates of the various elements of a project.

Loading Jobs

The process of assigning work to resources, machines, or workstations in a production environment.

Assignment Method

A special class of linear programming models that involves assigning tasks or jobs to resources.