The Most Critical Revenue Channel of a Hotel Is the GDS

question 108

Multiple Choice

The most critical revenue channel of a hotel is the GDS. GDS is the acronym for which of the following?

• A) Global Dining Series
• B) Global Distribution System
• C) Generic Distribution Strategy
• D) Goal Developmental Strategy
• E) None of the above

Recognize the cost structures associated with service delivery, including inventory carrying costs.

Understand how services can be classified by various criteria including the level of tangible vs. intangible attributes, and the sector (public, private, nonprofit).

Understand the different debt instruments used by public corporations to finance their activities.

Recognize the legal implications of security interests and priority among creditors.

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Definitions:

Reliability

The degree to which an instrument produces consistent results on repeated use.

Consistency

The uniformity and coherence in the texture, quality, or performance of a substance or process over time.

Licensing Examination

A test for the specific nursing group (e.g., registered nurse [RN], licensed practical nurse [LPN], registered practical nurse [RPN]) provided by the appropriate provincial or territorial regulatory authorities; successful candidates become licensed in that province or territory.

Nursing Employment

The occupation or profession of working as a nurse, which involves providing healthcare services to individuals, families, and communities.