Hostlight Industries Operate a Chain of Moderately Priced Motels Across

question 110

Multiple Choice

Hostlight Industries operate a chain of moderately priced motels across Canada.The company has many businesses competing for tourist dollars,and some nights during the tourist season its motels are only half full.Other nights,Hostlight has to turn away guests because there are no vacancies.Assuming the quality of the room and the services provided by the motels remain the same,Hostlight Industries could use which of the following to fill unused rooms?

• A) service forecasting tools
• B) a capacity correlation system
• C) capacity maintenance tools
• D) a yield management system

Understand how to manipulate defined names in Excel.

Learn the use of various Excel functions for text manipulation.

Recognize the use of 3-D references in formulas.

Identify the correct use of Excel functions for data transformation.

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Definitions:

Petty Cash Fund

A small amount of cash kept on hand for making immediate payments for miscellaneous, small expenses instead of writing checks.

Replenish

To fill up or restore to a previous level, often used in the context of inventory or supplies.

Internal Control

A process designed to ensure the safety and efficiency of the financial operations of a company, along with compliance with laws and accuracy in reporting.

Sales Clerks

Employees responsible for assisting customers, processing transactions, and managing products within a retail environment.