Average Daily Room Rate Is

question 2

Multiple Choice

Average daily room rate is

• A) room revenue divided by number of rooms sold
• B) total rooms occupied divided by total available rooms
• C) total rooms available divided by number of rooms sold
• D) room cost divided by room sales

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Definitions:

Corporate Actions

Activities undertaken by a corporation's management that have substantial impacts on the company's stakeholders, including actions like mergers, acquisitions, share splits, and dividend payments.

Social Responsibility Strategy

A plan of action for a business that aims to contribute positively to society, considering the impact of its operations on environmental and social well-being.

Classical Economic

An economic theory originating in the 18th century that advocates for free markets, competition, and the idea that an invisible hand guides supply and demand.

Neo-Capitalist

A modern version of capitalism that incorporates elements of social progress within the free market system for broader economic development.