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Compare the management structure of a 300+ room resort hotel to that of a 75-room freeway hotel. Outline the reasons for the differences and discuss how one could argue that the responsibility of the general manager would be comparable in either setting.
Variable Costs
Costs that change in proportion to the level of production or business activity, such as materials and labor.
Fixed Costs
Costs that do not change with the level of production or sales, such as rent, salaries, and insurance.
After-tax Profit
The net income remaining after all taxes have been deducted from total revenue.
NAICS Codes
North American Industrial Classification System codes that use numerical values to identify industries.
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