Cheyenne Is the Manager of a Local Small Hotel

question 68

Multiple Choice

Cheyenne is the manager of a local small hotel.Just today Cheyenne received word that a major convention will be coming to town next month,and the demand for hotel rooms is expected to skyrocket.In a conversation with the owner,she asked,"What should our approach to pricing be for the week of the convention? Should we require payment in full at the time of the reservation?" Which management method is Cheyenne using?

• A)the devil's advocate method
• B)scientific management
• C)the synergy method
• D)the contingency viewpoint
• E)the diversity viewpoint

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Definitions:

Aging the Receivables

The process of categorizing accounts receivable according to the length of time an invoice has been outstanding.

Due Date

The specified date by which a payment, assignment, or task is required to be completed or submitted.

Age Groupings

Classification of data or people into groups based on their age.

Interest Revenue

Income earned from lending funds or investing in interest-bearing financial instruments.