The Daily Report Preformed by the Night Auditor Contains Key

question 18

Multiple Choice

The daily report preformed by the night auditor contains key operating ratios used by management including

• A) total number of rooms in the hotel
• B) room occupancy percentage
• C) business center revenue
• D) front office schedule

---

Definitions:

Normal Good

A good for which demand increases when income increases, and falls when income decreases but price remains constant, showing a direct relationship between income and demand.

Income Elasticity

A measure of how much the demand for a good or service changes in response to a change in consumers' income levels.

Normal Good

A good for which demand increases as consumer income rises, and decreases as consumer income falls.

Inferior Good

A type of good for which demand decreases as the income of the consumer increases, as opposed to a normal good where demand increases with income.