Allocating the Right Type of Room to the Right Guest

question 6

Multiple Choice

Allocating the right type of room to the right guest at the right price is the job of

• A) the sales department
• B) the point of sale system
• C) the concierge
• D) the revenue management system

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Definitions:

Income Recognition

The process of reporting income when it is earned and realized or realizable, according to accounting principles.

Intra-entity Sales

Transactions occurring between two divisions or subsidiaries within the same parent company, often reflecting internal transfers of goods and services.

Equity Income

Income earned by an investor from an investment in stocks, representing dividends and other distributions from equity investments.

Amortization

Amortization is the process of spreading out a loan or intangible asset cost over a specified period of time for accounting and taxation purposes.