A Hotel Has 400 Rooms and Its Owners Have Put

question 21

Multiple Choice

A hotel has 400 rooms and its owners have put it up for sale for $120.5 million dollars.At that price,and using the $1.00 per thousand formula,what is the approximate room rate (ADR) that should be achieved by the hotel?

• A) $250
• B) $300
• C) $350
• D) $400

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Definitions:

Deductive

A logical process where a conclusion follows necessarily from the stated premises, moving from general principles to specific instances.

Reductive

Pertaining to or employing reduction; often referring to explanations or methods that simplify complex phenomena by breaking them down into their components.

Centration

A term from cognitive psychology describing a tendency in young children to focus on one aspect of a situation and neglect others.

Symbolic Play

A type of play where children use objects, actions, or ideas to represent other objects, actions, or ideas, reflecting their growing cognitive abilities.