The Ultimate Responsibility and Authority of Running a Hotel Rests

question 22

Multiple Choice

The ultimate responsibility and authority of running a hotel rests with

• A) the general manager
• B) the regional vice president
• C) the executive committee
• D) the front office manager

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Definitions:

Liquidity

The ability of an asset to be quickly converted into cash or an individual's or entity's ability to meet immediate and short-term obligations.

Solvency

A financial metric indicating whether a company can meet its long-term financial obligations, focusing on its ability to continue operations over the long term.

Return On Common Equity

Return on Common Equity (ROCE) measures the return a company generates on the common equity held by its shareholders, indicating how effectively equity is used to generate profits.

Net Income

A company's overall earnings minus all expenditures and tax obligations.