If a Hotel Has the Highest Average Rate in the Market

question 28

Multiple Choice

If a hotel has the highest average rate in the market it

• A)is the rate leader in the market.
• B)usually has a high occupancy as well.
• C)has a high Revpar.
• D)is making a lot of money.

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Definitions:

Milgram Experiment

A psychological experiment conducted by Stanley Milgram in the 1960s to study obedience to authority, where participants were instructed to administer electric shocks to another person.

Stanford University Prison Experiment

A psychological study conducted by Philip Zimbardo in 1971 at Stanford University, where students were assigned roles of prisoners and guards to explore the effects of perceived power.

Generalization

Drawing a conclusion about a certain characteristic of a population based on a sample from it.

Logical Support

The provision of reasons or evidence to justify a claim or argument.