The Marriott Corporation Operates Hotels All Over the World

question 6

Multiple Choice

The Marriott Corporation operates hotels all over the world. Which of the following is the best example of a potential bias associated with its operations?

• A) Managers assume that most travelers are interested in conducting business, rather than holidaying
• B) Managers learn that guests rarely stay longer than a week
• C) Managers find that last year's profits were below the industry average
• D) Managers are concerned because employee turnover increased during the last year

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Definitions:

Spending Variance

The difference between the actual cost incurred for an item and its planned or budgeted cost, indicating how well a company manages its expenses.

Budgeting

The method of crafting a budget that details your planned income and expenditures for a certain time frame.

Planning Budget

A financial plan that estimates income, expenditure, and resources over a specified period, often used for guiding a business's strategy.

Employee Salaries

Regular payments made to employees for their service or work, typically on a monthly basis, not directly tied to the amount of hours worked.