Average Daily Room Rate Is

question 29

Multiple Choice

Average daily room rate is

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

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Definitions:

Corn Market

A marketplace for buying and selling corn, influenced by supply and demand dynamics, weather conditions, and global trade policies.

Overallocation

A situation where resources are distributed or used in excess of their optimum level or need, often leading to inefficiency.

Parity Concept

A principle in economics or finance where two currencies, securities, or commodities have the same value or purchasing power.

Farm Commodities

Agricultural products such as grains, milk, cattle, fruits, and vegetables that are usually sold to processors, who use the products as inputs in creating food products.