In House and Guest Communications in a Hotel Are Managed

question 41

Multiple Choice

In house and guest communications in a hotel are managed by:

• A)point of sales systems or POS
• B)front office
• C)property management system or PMS
• D)telecommunications or CBX/PBX

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Definitions:

Shortage Cost

Costs incurred from not having enough inventory or resources to meet demand, including lost sales and dissatisfied customers.

Cumulative Cash Surplus

The total amount of cash that exceeds the initial investment or expenses over a period.

Minimum Cash Balance

The lowest amount of cash that a company aims to hold in its accounts to ensure financial stability and operational efficiency.

Pledged Financing

Financing obtained by offering assets as collateral to secure the loan, reducing the lender's risk.