Which Is an Example of a Hospitality Organization Addressing Its

question 21

Multiple Choice

Which is an example of a hospitality organization addressing its corporate (social) responsibilities?

• A) Reduction in selling prices
• B) Increase in stockholder dividends
• C) Implementation of "Earth friendly" operating initiatives
• D) Creation of career development plans for supervisors and managers

---

Definitions:

Short Run

A period in economics during which the quantities of at least one input or resource are fixed, limiting the ability of the economy or firm to adjust to changes in demand or supply.

Long Run

A period in which all factors of production and costs are variable, allowing for all possible adjustments in production and operations.

Break-Even

The point at which total cost and total revenue are equal, meaning the business or project is not making a loss nor profit.

Peak Efficiency

Peak Efficiency is the optimal state of operation where resources and processes produce maximum output with minimum waste or inefficiency.